How much GDP attributed to arms sales, military goods sales, that type of exporting?
2007-03-18 15:06:55 · 3 answers · asked by econgal 5 in Social Science ➔ Economics
Details on this are hard to come by because many arms manufacturers are private companies or subsidiaries of companies with diversified non military product lines.
US government spending on arms which includes some of the gross US arms exports is about 18% of GDP.
Private sector exports may be about another 3-7% maximum, for a total of about 21-26% of US GDP.
2007-03-18 17:26:11 · answer #1 · answered by opinionator 5 · 0⤊ 1⤋
That is about 18%!
2007-03-18 22:18:09 · answer #2 · answered by Santa Barbara 7 · 0⤊ 1⤋
There is no citation, but I found the same 18% figure at the wikipedia page listed below. Not sure if the other answerer got it there, but it's worth a shot...
2007-03-18 23:31:50 · answer #3 · answered by Alex K 3 · 0⤊ 1⤋