Percent of GDP
Their Lordships sometimes ask defence related questions.
Lord Wigley (Plaid Cymru)
To ask Her Majesty’s Government what is the projected out-turn for defence expenditure in the current financial year; what proportion of the United Kingdom’s gross domestic product that figure represents; and what were the comparable figures in each of the previous five years.
Lord Astor of Hever (Conservative)
As set out in the Department’s 2013-14 Supplementary Estimate, defence expenditure is projected to outturn at approximately £33,560 million.
The Office for Budget Responsibility (OBR) estimate gross domestic product (GDP) for this financial year to be £1,642,000 million. The proportion of projected outturn to GDP for this financial year is 2%.
Out-turn defence expenditure excludes the cost of military operations and is not the basis upon which the official NATO figure of defence spending as a proportion of GDP is calculated. For comparison, UK defence spending under the NATO definition is expected to be approximately 2.4% this year.
For the previous five financial years (FY) the proportion of outturn to GDP has been:
|FY||GDP Proportion||Defence Outturn £ million||GDP £ million|
Outturn is recorded as the sum of Resource DEL plus Capital DEL minus Depreciation and Impairments.
Defence outturn figures are published at the following link:
Previous year GDP figures are published at the following link: