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The global changes caused by COVID-19 pandemic had a huge impact on world economy, and defence systems of all states. As the South East European countries are a part of the world economy, the events caused by the pandemic have influenced the economic development and military systems of these countries. For the purpose of this paper, an analysis has been carried out as to how military expenditures influenced the economic growth through the growth of the gross domestic product (GDP) in the period between 2018 and 2023 in eleven Balkan countries.
The purpose of the paper is to show whether military expenditures of the analysed countries had an impact on the economic growth through the growth of GDP, and whether that impact was positive, negative or insignificant. Accordingly, null hypothesis will be analysed - “Military expenditures have a significant impact on economic growth, through the increase in GDP, in the period before, during and after COVID-19 pandemic”, or the alternative hypothesis - “Military expenditures do not have a significant impact on economic growth through the increase in GDP, in the period before, during and after COVID-19 pandemic”. The author of the paper mainly used the comparative method, methods of induction and deductive method, static method, as well as content analysis.
Using Spearman’s rank correlation coefficient, a level of correlation was determined between the variables “GDP growth” and “Military expenditures” particularly between nominal and percentage values of these variables. In both cases a weak correlation was determined between the observed variables, on the basis of which the null hypothesis was rejected while the alternative hypothesis was accepted stating that military expenditures of Balkan countries did not have significant impact of GDP growth in the analysed period.