The ratio of military expenditure to gross domestic product (GDP) in the Philippines decreased to one percent compared to the previous year. As a result, the ratio in the Philippines saw its lowest number in 2022 with one percent. Over the observed period, the ratio has been subject to fluctuation. Military expenditure figures refer to the amount of money spent on a country's armed forces, including peacekeeping and defense operations, among others. When comparing international figures, there may be some inconsistencies depending on what respective countries consider as military spending.
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World Bank. (October 24, 2024). Philippines: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph]. In Statista. Retrieved December 09, 2024, from https://www.statista.com/statistics/810550/ratio-of-military-expenditure-to-gross-domestic-product-gdp-philippines/
World Bank. "Philippines: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022." Chart. October 24, 2024. Statista. Accessed December 09, 2024. https://www.statista.com/statistics/810550/ratio-of-military-expenditure-to-gross-domestic-product-gdp-philippines/
World Bank. (2024). Philippines: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022. Statista. Statista Inc.. Accessed: December 09, 2024. https://www.statista.com/statistics/810550/ratio-of-military-expenditure-to-gross-domestic-product-gdp-philippines/
World Bank. "Philippines: Ratio of Military Spending to Gross Domestic Product (Gdp) from 2012 to 2022." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/810550/ratio-of-military-expenditure-to-gross-domestic-product-gdp-philippines/
World Bank, Philippines: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 Statista, https://www.statista.com/statistics/810550/ratio-of-military-expenditure-to-gross-domestic-product-gdp-philippines/ (last visited December 09, 2024)
Philippines: 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/810550/ratio-of-military-expenditure-to-gross-domestic-product-gdp-philippines/