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Military Expenditure in Serbia, 1960-2022

Military Expenditure in Serbia, 1960-2022

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TGM StatBox. (2024). Military Expenditure in Serbia, 1960-2022. TGM StatBox.
Chart Details
Data Source: World Development Indicators.
Timeframe: 1960-2023
Country: Serbia
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
Serbia’s military expenditure trends reveal the impact of regional conflicts and economic transitions. Spending surged to 5.2% of GDP in 2000, reflecting the aftermath of the Kosovo conflict and NATO intervention. The subsequent decrease to 2% by 2010 mirrored efforts to stabilize the economy and reintegrate with the global community.

Recent years saw a moderate increase, with expenditure reaching 2.3% in 2022, influenced by rising tensions in the Balkans and modernization of defense systems. This growth highlights Serbia’s balancing act between addressing regional security concerns and managing fiscal constraints.

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