The ratio of military expenditure to gross domestic product (GDP) in Bosnia and Herzegovina decreased to 0.81 percent since the previous year. This marks the lowest ratio during the observed period. Military expenditure refers to the total amount of money spent on a country's armed forces, including peacekeeping and defense operations. This figure is then given as a share of its gross domestic product (not total government expenditure). When comparing international figures there may be some discrepancies depending on what countries consider military spending.
Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like Croatia and Bulgaria.
Bosnia and Herzegovina: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022
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World Bank. (June 28, 2024). Bosnia and Herzegovina: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/810344/ratio-of-military-expenditure-to-gross-domestic-product-gdp-bosnia-and-herzegovina/
World Bank. "Bosnia and Herzegovina: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022." Chart. June 28, 2024. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/810344/ratio-of-military-expenditure-to-gross-domestic-product-gdp-bosnia-and-herzegovina/
World Bank. (2024). Bosnia and Herzegovina: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/810344/ratio-of-military-expenditure-to-gross-domestic-product-gdp-bosnia-and-herzegovina/
World Bank. "Bosnia and Herzegovina: Ratio of Military Spending to Gross Domestic Product (Gdp) from 2012 to 2022." Statista, Statista Inc., 28 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/810344/ratio-of-military-expenditure-to-gross-domestic-product-gdp-bosnia-and-herzegovina/
World Bank, Bosnia and Herzegovina: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/810344/ratio-of-military-expenditure-to-gross-domestic-product-gdp-bosnia-and-herzegovina/ (last visited September 20, 2024)
Bosnia and Herzegovina: 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.ezproxy.canberra.edu.au/statistics/810344/ratio-of-military-expenditure-to-gross-domestic-product-gdp-bosnia-and-herzegovina/