Chris Whong Chris Whong

created Dec 07, 2013

updated Dec 09, 2013

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See attachment for dataset notes, definitions, and sources

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Dataset Notes
Dataset Notes
NOTES a. Data refer to the most recent year available during the period specified. b. For country-specific footnotes, see the Stockholm International Peace Research Institute’s Military Expenditure database at www.sipri.org/research/armaments/milex/milex_database. c. Refers to 2010. d. Refers to 2009. e. Refers to 2008. DEFINITIONS GDP: Sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products, expressed in 2005 international dollars using purchasing power parity rates. GDP per capita: Sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products, expressed in international dollars using purchasing power parity rates and divided by total population during the same period. Gross fixed capital formation: Value of acquisitions of new or existing fixed assets by the business sector, governments and households (excluding their unincorporated enterprises) less disposals of fixed assets, expressed as a percentage of GDP. No adjustment is made for depreciation of fixed assets. Consumer Price Index: An index that reflects changes in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. General government final consumption expenditure: All government current expenditures for purchases of goods and services (including compensation of employees and most expenditures on national defense and security but excluding government military expenditures that are part of government capital formation), expressed as a percentage of GDP. Public spending on health: Current and capital spending from government (central and local) budgets, external borrowings and grants (including donations from international agencies and nongovernmental organizations), and social (or compulsory) health insurance funds, expressed as a percentage of GDP. Public spending on education: Total public expenditure (current and capital) on education, expressed as a percentage of GDP. Public spending on the military: All expenditures of the defense ministry and other ministries on recruiting and training military personnel and on the construction and purchase of military supplies and equipment, expressed as a percentage of GDP. Total debt service: Sum of principal repayments and interest actually paid in foreign currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the International Monetary Fund, expressed as a percentage of GDP. MAIN DATA SOURCES Columns 1-10: World Bank (2012a). Columns 11 and 12: Stockholm International Peace Research Institute (2012). Columns 13 and 14: HDRO calculations based on data on total debt service as a percentage of GNI from World Bank (2012a).
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