Defence Economic Trends 2020

Defence Economic Trends 2020 provides data released in 2020 from 30 economies with armed forces throughout the Indo-Pacific region. It illustrates the macroeconomic impacts throughout financial year 2019.

However, defence spending figures record official appropriations rather than actual or estimated actual spend. Only those budget figures proposed or enacted at the beginning of a fiscal year are recorded.

Please note the economic data presented is inclusive to 2019 only, and therefore does not consider the economic impacts of COVID-19. This data will be published in Defence Economic Trends 2021.