Boston, MA -- (SBWIRE) -- 01/31/2014 -- Defence expenditure as a proportion of GDP rose in the last decade, from 1.15% of GDP in 2000 to 1.6% of GDP in 2010. However, it has declined since then, and we forecast defence spending to remain at 1.2% of GDP in 2013, rising to 1.3% by 2015. This is well below the NATO European average of 2.2% and below the 2% target that NATO members adopted as a target for 2014.

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