A few weeks ago I provided a post about Thailand’s military spending as a percentage of GDP. The World Bank data I used finished in 2008 so I provided a very crude estimate to cover recent years.
Chris Baker has sent me this more accurate graph of recent trends. He writes:
The budget figures come from the Ngop praman doi sankhep (Budget in Brief) from the Bureau of the Budget, easy to find on the web, using Table 3.1, line “Defence Affairs and Services.” The GDP data are from the NESDB. I’ve projected 2010 at 5.5% growth and 2011 at 4.5%. The original graph was done by Suehiro. We’ve just extended it up to date
Thanks very much Chris.
The recent picture is a bit more complicated than my linear estimate, but the overall story is pretty similiar.