The ratio of military expenditure to gross domestic product (GDP) in Albania increased by 0.4 percentage points (+32.79 percent) in 2022 in comparison to the previous year. With 1.58 percent, the ratio thereby reached its highest value in the observed period. Military expenditure refers to the total amount of money spent on a country's armed forces, including peacekeeping and defense operations. This figure is then given as a share of its gross domestic product (not total government expenditure). When comparing international figures there may be some discrepancies depending on what countries consider military spending.
Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like Montenegro and Serbia.
Albania: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022
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World Bank. (October 24, 2024). Albania: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph]. In Statista. Retrieved November 14, 2024, from https://www.statista.com/statistics/810307/ratio-of-military-expenditure-to-gross-domestic-product-gdp-albania/
World Bank. "Albania: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022." Chart. October 24, 2024. Statista. Accessed November 14, 2024. https://www.statista.com/statistics/810307/ratio-of-military-expenditure-to-gross-domestic-product-gdp-albania/
World Bank. (2024). Albania: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022. Statista. Statista Inc.. Accessed: November 14, 2024. https://www.statista.com/statistics/810307/ratio-of-military-expenditure-to-gross-domestic-product-gdp-albania/
World Bank. "Albania: Ratio of Military Spending to Gross Domestic Product (Gdp) from 2012 to 2022." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/810307/ratio-of-military-expenditure-to-gross-domestic-product-gdp-albania/
World Bank, Albania: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 Statista, https://www.statista.com/statistics/810307/ratio-of-military-expenditure-to-gross-domestic-product-gdp-albania/ (last visited November 14, 2024)
Albania: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/810307/ratio-of-military-expenditure-to-gross-domestic-product-gdp-albania/