Sunday, February 5, 2012

US Defense Spending Relative to GDP

Inspired to post this while reading some history on the Eisenhower administration and the military industrial complex.  The data only begins in 1947 so unfortunately it doesn't show WW2, but it does include the spike for the Korean war to almost 15% of GDP.  The increase in defense spending for the most recent conflict looks pretty benign by comparison.

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