Israel has a population of around 5 million and im not aware of any major source of wealth as a country. Do they manufacture their own weapons? How do the economica work?
How does Israel afford to pay for their huge arsenal of modern weapons?
byu/sandyflame inAskEconomics
Posted by sandyflame
1 Comment
Yes. [Israel has a robust defense sector and manufactures many of their own weapons themselves, but also recieve both funding and weapons from the US](https://www.bbc.com/news/world-middle-east-68737412). Other factors include that while they are a small country, [they’re relatively wealthy with a GDP per capita among the highest in the world](https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita). And they [comparatively spend a lot of money on defense, 8.8% of GDP, which is also among the highest in the world](https://data.worldbank.org/indicator/MS.MIL.XPND.GD.ZS?locations=IL&most_recent_value_desc=true).