Military Expenditure in Brunei, 1984-2022

Military Expenditure in Brunei, 1984-2022

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TGM StatBox. (2024). Military Expenditure in Brunei, 1984-2022. TGM StatBox.
Chart Details
Timeframe: 1960-2023
Country: Brunei
Published date: 2024
Note: Military expenditure by World Development Indicators (WDI) refers to the financial resources a country allocates for its armed forces. This includes spending on personnel (salaries, pensions), military equipment, infrastructure, operations, and research and development.
Key Takeaways
Brunei's military expenditure displayed significant variation from 1984 to 2022, largely reflecting changes in oil revenues, the backbone of its economy. The 1980s witnessed high spending, peaking at 6.6% of GDP in 1988, aligning with efforts to bolster national security post-independence in 1984. The 1990s saw spending stabilize around 5–6%, reflecting Brunei's economic prosperity during this period.

After 2000, military expenditure began a gradual decline, dropping to 2.3% by 2008, paralleling global economic shifts and diversification efforts within Brunei. However, moderate increases followed in the 2010s, such as 3.6% in 2020, likely tied to regional security concerns. By 2022, spending decreased to 2.4%, reflecting a continued focus on balancing defense needs with fiscal sustainability.

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