Turkey's defense spending reaches $13.2 billion. -- 1.71 %t of its gross domestic product (GDP)

Turkey’s defense spending stood at 29.4 billion Turkish Liras ($13.2 billion) this year, Defense Minister İsmet Yılmaz said on Nov. 2, in response to a parliamentary question from a deputy of the opposition Nationalist Movement Party (MHP).

Turkey spent some 1.71 percent of its gross domestic product (GDP) on defense in 2014, a drop from the 3.5 percent of its GDP spent on defense in 2002, Yılmaz said, adding that the 2014 defense budget accounted for 3.7 percent of the overall state budget.

Around half of the country’s defense budget goes on personnel spending, such as salaries, benefits and pension payments to retired Turkish Army personnel, he added.

Turkey’s military expenditure per capita in 2013 was 474 liras ($213), Yılmaz said. He also said Turkey’s defense exports stood at $1.4 billion in 2014, while its imports were $1.3 billion.

Turkey is currently negotiating a $3.5 billion deal for a long-range air and anti-missile defense system, including local production, with suppliers from China and Europe. Ankara plans to spend around $70 billion on military equipment by 2023. 
[hurriyetdailynews.com]
3/11/14
--
-
Related:

• NATO chief lauds Greece's spending on alliance. -(The Nato norm of 2% of GDP)

• NATO defense ministers to review collective defense measures due to Ukraine crisis (to raise defence spending 2% of their GDP)

• NATO Defence Ministers discuss collective defence, Summit priorities

• Bulgarian President calls for ‘more Europe’, gradual increase in defence spending. -(The Nato norm of 2% of GDP)

• Hagel calls on NATO allies must step up defense spending. (2% of their GDP)

• Kerry urges NATO members to increase defense budget. --["Freedom isn't free"]

-------
Related:

• US to cut funding on Turkish Chinese-missile purchase

• Turkey asks US to ‘extend pricing’ on missile offer. -NATO is worried about Turkey buying a system not compatible with those of other member states.

•  Turkey says it has received no new bids to rival China missile offer...

• Turkish PM reminds NATO members have Russian weaponry.