The Economist magazine takes PPP exchange rates seriously. Using price data to construct real exchange rates allows more meaningful compassions of real military inputs across countries. This is my fourth collaboration with The Economist's data team in the Graphic Analysis column. They have reported on SIPRI's latest update of world military spending in 2023. Thee … Continue reading World Military Spending- The Economist
Mystery Shrouds Chinese Defense Spending
While China’s known military spending has remained consistent as a percentage of its gross domestic product for decades, but this provides only a rough measure of what Beijing has actually committed to a broad range of obscured or classified expenditures
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