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Strength of correlation (R squared): 0.371 (this correlation is weak)
Outliers:
United States,
Oman,
Eritrea
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X Axis |
Y Axis |
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| Variable: |
Energy > Oil production in 1972 |
Military > Expenditures > Dollar figure (per $ GDP) |
| Plot Display: |
Linear |
Logarithmic (base 10) |
| Definition: |
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Current military expenditures in US dollars; the figure is calculated by multiplying the estimated defense spending in percentage terms by the gross domestic product (GDP) calculated on an exchange rate basis not purchasing power parity (PPP) terms. Dollar figures for military expenditures should be treated with caution because of different price patterns and accounting methods among nations, as well as wide variations in the strength of their currencies Per $ GDP figures expressed per 10 $ gross domestic product. |
| Source: |
BP |
CIA World Factbook, 28 July 2005 |
| Correlations: |
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