Middle East Economic Survey

VOL. LIV

No 15

8-Apr-2011

MEES Agenda

MENA Defense Spending As Percentage Of GDP Sees First Upturn In Six Years

After falling for the fifth consecutive year in 2008, MENA regional defense spending as a percentage of GDP rose to 5.09% in 2009 from the previous years figure of 4.71%, according to the 2011 edition of the Military Balance, compiled by the London-based International Institute for Strategic Studies (IISS). With this, the MENA region has once again...