The ratio of military expenditure to gross domestic product (GDP) in Thailand decreased by 0.2 percentage points (-15.27 percent) since the previous year. Therefore, the ratio in Thailand saw its lowest number in that year with 1.16 percent. These figures refer to the total amount of money spent on a country's military, as a share of its gross domestic product (GDP). These figures apply to current expenditure on a country's armed forces, including peacekeeping forces and defense ministries, among others.
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World Bank. (June 28, 2024). Thailand: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/810822/ratio-of-military-expenditure-to-gross-domestic-product-gdp-thailand/
World Bank. "Thailand: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022." Chart. June 28, 2024. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/810822/ratio-of-military-expenditure-to-gross-domestic-product-gdp-thailand/
World Bank. (2024). Thailand: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022. Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/810822/ratio-of-military-expenditure-to-gross-domestic-product-gdp-thailand/
World Bank. "Thailand: Ratio of Military Spending to Gross Domestic Product (Gdp) from 2012 to 2022." Statista, Statista Inc., 28 Jun 2024, https://www.statista.com/statistics/810822/ratio-of-military-expenditure-to-gross-domestic-product-gdp-thailand/
World Bank, Thailand: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 Statista, https://www.statista.com/statistics/810822/ratio-of-military-expenditure-to-gross-domestic-product-gdp-thailand/ (last visited July 27, 2024)
Thailand: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph], World Bank, June 28, 2024. [Online]. Available: https://www.statista.com/statistics/810822/ratio-of-military-expenditure-to-gross-domestic-product-gdp-thailand/