Takao
The Bunker Group
It's pretty rough, but including DVA, DHA, and all the things above, we calculated it was 2.9 - 3.2%.After watching an article by Perun on how NATO countries will in future calculacte their defence spending as a percentage of GDP.
I wonder what Australia's % will be if using the same process.
I will admit to not knowing what is currently included and what is not.
If the costs of upgrades to Henderson, ASC , The ports at Darwin, Perth and Cairns, and the shared bases with the US were included as part of Defence spending.
Add in contributions to development costs for Ghost Bat and Ghost Shark.
Production facilities for Boxer,Redback, AS 9, missiles and shells might also be included.
Would these and other items not listed amount to a significant change to the total % of GDP in Australia.
Lots of assumptions and non-economist thinking in there, but a reasonable assessment.