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US military budget: $590b; 3% GDP Venezuala military budget: $2.6b; 1% GDP Your analogy needs work. EDIT: Corrected US military budget %GDP value.
by weberc2 8y ago
US military budget: $590b; 3% GDP
Venezuala military budget: $2.6b; 1% GDP
Your analogy needs work.
EDIT: Corrected US military budget %GDP value.
- adventured 8y agoYour US numbers are very weirdly off. I've never seen someone try to claim US defense spending was 15% of GDP. US military budget: ~$700 billion, 3.4% of GDP. US GDP will be close to $20.50 trillion for 2018. Your 15% figure implies a GDP of about $4 trillion (close to the size of Germany's economy). The US will add roughly $1 trillion to its GDP figure in 2018. That's nearly the size of Mexico's entire economy (15th largest economy), added in just one year.
- weberc2 8y agoYou're right, I was hasty and copied the % of the federal budget instead of % GDP. In any case, the US military is much better equipped than the Venezuelan military.