N. Korea ranks No. 1 for military spending relative to GDP: U.S. State Dept.

N. Korea ranks No. 1 for military spending relative to GDP: U.S. State Dept.

U.S. tops the list when it comes to the size
of annual military budget… that to no one’s surprise. But, when taken as relative to its gross domestic
product, the largest military spender in the world was North Korea during a decade between
2004 and 2014. Our defense correspondent Kim Hyun-bin has
a list of the world’s biggest spenders in beefing up their defense capabilities. North Korea’s annual military expenditure
ranks highest in the world relative to its gross domestic product. According to the U.S. State Department’s World
Military Expenditures and Arms Transfers report for 2016, North Korea spent three-point-eight
billion U.S. dollars a year on its military on average between 2004 and 2014. That accounts for around 23 percent of the
North’s GDP of 15 billion dollars. A distant second on the list is Oman at eleven-point-four
percent. Saudi Arabia is ranked third at eight-point-six
percent. Spending two-point-six percent of its GDP
on the military,… South Korea came in 47th. In absolute terms,… the United States easily
topped the list at over 700 billion dollars a year in military expenditures. South Korea was eleventh… and North Korea
46th. In 2014 alone, the U.S. spent 656 billion
dollars,… dwarfing China’s 157 billion dollars. In the latest figures for the Koreas,… in
2014.. the South spent 39 billion dollars and the North slightly over four billion. The United States is also in a league of its
own in terms of arms exporting. It sold an average 120 billion dollars worth
of weapons to foreign countries a year during the period. Russia was second on the list,… but with
sales of just eight billion dollars. North Korea ranked 31st, with around 100 million
dollars of annual arms exports. Kim Hyun-bin, Arirang News.

One thought on “N. Korea ranks No. 1 for military spending relative to GDP: U.S. State Dept.

  1. Yes, but look at the infrastructure of North Korea, its in a poor state as is, let alone to fight a tier one ,technologically developed country such as its South Korean neighbours, let alone China or Usa. Any war that it fought would cause far greater harm to its own people than its neighbours.I doubt it could sustain a conventional war for more than a few weeks.

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