Defense Expenditures in recent years (example years - source Croatian MOD);*2000: 4.768 bln HRK - 3.13% of GDP*2001: 4.909 bln HRK - 3.01% of GDP*2002: 4.659 bln HRK - 2.64% of GDP*2003: 4.814 bln HRK - 2.54% of GDP*2004: 4.102 bln HRK - 2.00% of GDP*2005: 4.106 bln HRK - 1.87% of GDP*2006: 4.200 bln HRK - 1.67% of GDP*2007: 4.630 bln HRK - 1.69% of GDP*2008: 5.350 bln HRK - 1.79% of GDP*2009: 5.111 bln HRK - 1.52% of GDP*2010: 4.811 bln HRK - 1.45% of GDP*2011: 5.119 bln HRK - 1.47% of GDP*2012: 4.828 bln HRK - 1.45% of GDP*2013: 4.85 bln HRK - 1.41% of GDP*2014: 4.55 bln HRK - 1.25% of GDP (projected)*2015: 4.75 bln HRK - 1.21% of GDP (projected)Although the budget has been decreased from year to year, Croatian Armed Forces were able to maintain military readiness and to participate in major NATO exercises in Croatia and overseas.