North Korea has topped the list of world’s largest military spender relative to its gross domestic product (GDP) between 2004-2014, the US State Department report said Thursday.
According to State Department’s ‘World Military Expenditures and Arms Transfers 2016’ report, the North's military expenditures accounts for 23.3 percent of country’s GDP of $15 billion during that period. It I averaged about US$3.5 billion a year.
Oman is second on the list, spending 11.4 percent of its GDP on the military, followed by Saudi Arabia with 8.6 percent, South Sudan with 8.4 percent and the African nation of Eritrea with 6.9 percent.
Among the major military powerhouses, the U.S. was ranked 15th at four-point-three percent, followed by Russia at 20th with three-point-eight percent and the U.K. at 53rd with two-point-three percent. China was 68th with two percent and Japan 136th with one percent.
South Korea spent two-point-six percent of its GDP on the military budget, placing it at 47th.
North Korea is preparing to launch another intermediate-range ballistic missile in next three days, Yonhap reports. This would be the ninth test launch this year which US experts believe is timed to coincide with the US presidential elections
North Korea is upgrading its largest naval facility Munchon located on the east coast, including conventional as well as mass destructive weapons. Satellite images analyzed Thursday on 38 North, a website of Johns Hopkins University, suggest that the countrys leader Kim Jong Un is likely to be investing heavily on the country's largest naval facility for coastal defenses
North Korea is building a larger-class submarine for further developing the ballistic missile capacity by 2020. North Korea is constructing a new bigger class of submarine than the existing Sinpo-class, and the new project seems to have been started several years ago, Joseph Bermudez, co-founder and chief analytic officer of AllSource Analysis, said at a briefing organized by 38 North
North Korea fired off three ballistic missiles on Tuesday morning, South Korea's Joint Chiefs of Staff (JCS) said. The missiles, presumed to be Scud-types, were launched from North Hwanghae Province and flew some 500 to 600 kilometers, the military statement said
North Korea on Saturday test-fired a submarine-launched ballistic missile (SLBM), Seoul's defence ministry said, a day after the US and South Korea decided to deploy an advanced missile defence system in the South. The launch was apparently successful but the missile failed in the early stage of flight, the South Korean defence ministry said in a statement
North Korea on Sunday successfully test fired a missile which is reportedly a new type of rocket capable of carrying a large nuclear warhead. North boasted on Monday that the launch of a mid-to-long range missile ‘Hwasong-12 the previous day, supervised by leader Kim Jong Un, was aimed at verifying the capability to carry a "large scale heavy nuclear warhead"
North Korea launched a ballistic missile on Saturday that appears to have failed, amid heightened tensions on the Korean Peninsula. It was likely a medium-range KN-17 ballistic missile and broke up minutes after launch, the Associated Press reported, citing an unidentified U
South Korea is planning to develop a laser weapon system by 2020 to counter the threats posed by North Korea's unmanned aerial vehicles. “We will develop laser technology by next year to shoot down aerial drones as part of its broader laser weapon system
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