Monday, December 5, 2011

Buildup to No Good: Azerbaijan military spending ratio highest in CIS

Azerbaijan has spent $3.1 billion on its military needs in the outgoing year, and by this absolute index falls behind only Russia ($50.5 billion) among the former Soviet states.

But, while in Russia the percentage growth of military expenditures in 2011 made 3.02 percent of GDP, Azerbaijan has the highest indicator – 6.2 percent – in all the Commonwealth of Independent States.

In the Russia-lead list of top five post-Soviet countries, by the absolute index of military expenditures, the Ukraine ($1.1 billion) holds the third position, followed by Uzbekistan ($1.5 billion) and Kazakhstan ($1.2 billion).

Armenian News

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