US Defense Expenditure to Decline from 4.8% to 3.9% of GDP by 2015 - According New Study Available on ASDReports.com

Amsterdam, Netherlands, March 30, 2011 --(PR.com)-- US defense expenditure, estimated at US$738.7 billion in 2011, grew at a CAGR of 4.00% during the review period. However, due to the growing fiscal deficit of the country, domestic military expenditure is expected to register a CARC of -1.40% during the forecast period, to reach US$698.2 billion by 2015.

Although the total defense spending of the country is likely to decrease during the forecast period, factors such as the potential nuclear threats posed by North Korea and Iran, modernization initiatives undertaken by the country, ongoing military operations, and strategies to maintain its military supremacy and protect its allies will continue to drive the US defense budget. Cumulatively, the country is projected to spend US$3.45 trillion on its armed forces during the forecast period.

During the review period, the country allocated an average of 4.8% of its gross domestic product (GDP) for defense. However, the defense expenditure of the country as a percentage of GDP is expected to decline to 3.9% by 2015, due to the increasing financial constraints faced by the nation as a consequence of global economic crisis.

More information on this study can be found on ASDReports.com

Direct Link: http://www.asdreports.com/shopexd.asp?id=13468

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