Definition: This entry gives spending on defense programs for the most recent year available as a percent of gross domestic product (GDP); the GDP is calculated on an exchange rate basis, i.e., not in terms of purchasing power parity (PPP).
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012See also: Military expenditures - percent of GDP map
Countries spending the most on the military
USA Today - 7/12/2014 6:39:15 AM
Like many of the countries with the biggest military budgets, Saudi Arabia benefits from one of the world's largest oil reserves. At 9.3%, the country's spending as a percentage of GDP was second only to Oman, another oil-rich nation in the Middle East.
10 countries spending the most on their military
Market Watch - 9/3/2014 4:53:27 AM
Like many of the countries with the biggest military budgets, Saudi Arabia benefits from one of the world’s largest oil reserves. At 9.3%, the country’s spending as a percentage of GDP was second only to Oman, another oil-rich nation in the Middle East.
World Bank Advises Croatia on how to Accelerate its Economic Recovery
The World Bank - 12/16/2014 2:10:09 PM
Speaking at the launch, Mamta Murthi, World Bank Regional ... level of public services in the country. The Decision foresees a package of measures which will bring about a reduction of expenditures in the amount of 10 percent, compared to 2014, in each ...
China's GDP May Be Up to 10 Percent Bigger Than Thought
Businessweek - 12/15/2014 1:42:42 PM
Beijing will reveal the findings from the country’s roughly ... to add from 0.1 to 0.3 percentage points to this year’s GDP growth and has increased his estimate from 7.2 percent to 7.5 percent, as Beijing has increased spending and property prices ...
The 10 Most Corrupt Countries in the World
Wall St. Cheat Sheet - 12/11/2014 12:14:23 PM
Military spending far outweighs spending on social ... Due to the high levels of uncertainty, the country’s GDP contracted 9.4 percent during 2013, according to The World Bank. The power vacuum has left open a great opportunity for arms dealers and ...
Asian arms race benefits high tech nations
Asia Pacific Defence Forum - 12/18/2014 3:05:02 PM
“The 11 major East Asian countries [including China] devoted an average of 3.35 percent of their economies to military expenditures in 1988, but by 2013 that average was 1.86 percent of GDP,” Kang wrote. Japanese defense expenditures rose 27 percent ...
Increasing Economic Growth Means Shrinking the Size and Scope of Government
CATO Institute - 12/14/2014 11:59:30 PM
There is a growing body of evidence that bigger government means slower growth of real GDP. Once the level of total government spending as a percentage of GDP reaches ... second most economically free country in the world, based on data from 1998.
World Military Strength, The 15 countries with the highest military expenditure
Indian Defence - 3/26/2014 11:56:26 PM
from the International Monetary Fund’s (IMF) World Economic Outlook database, Oct. 2012. b, The figures for military expenditure at PPP exchange rates are estimates based on the projected implied PPP conversion rates for each country from the IMF World ...
10 Countries Spending the Most on the Military
24/7 Wall ST - 7/10/2014 6:20:09 AM
The Stockholm International Peace Research Institute (SIPRI) measures annual military spending for most of the world’s armed countries ... military expenditure as a percentage of gross domestic product. We also reviewed GDP and GDP growth figures ...
Baltics Up Defense Spending As Russia Buzzes Borders
Defense News - 12/13/2014 5:26:59 PM
"The first wave of aggression must be met and repelled by (Baltic) countries using their own defense capacities." The Baltics have thus made big-ticket military purchases ... actually meet the grouping's two-percent-of-GDP rule — plans to raise its ...
US and UK Push for NATO Countries to Increase Military Spending
telesur - 9/3/2014 11:58:46 PM
Germany and Canada reject proposal for spending to be set at 2% of GDP ... The UK and US proposed a plan calling for NATO countries to boost military expenditure to the two percent of GDP but the proposal did not reach the negotiating table, as countries ...
Despite cuts, NATO still accounts for most of world’s military spending
Stars and Stripes - 2/19/2014 11:55:00 PM
Despite impending cuts in the armed forces of many of its member nations, NATO remains by far the largest military force in the world ... for more than 70 percent of the total defense expenditures of NATO’s 28 member countries. The release of the ...
Data: Global Military Expenditures
PBS - 7/7/2000 11:56:42 PM
... for select countries in 2006, as percentage of gross domestic product (GDP) While the U.S. spends 4% of its GDP on its military, Japan’s spending has only recently surpassed 1% of its GDP. Here is the rest of the world, ranked by military ...
Russian arms sales soar on domestic spending
Business Recorder - 12/15/2014 4:17:12 AM
As for the buyers, world military expenditure fell in 2013 by 1.9 percent, mostly dragged down by cuts in the United States and other Western countries, SIPRI said in a previous report published in April. Russia was the third-largest spender in defence ...
Scared of expansionist Russia ,Baltic states spend big on defence
Ya Libnan - 12/13/2014 11:17:44 PM
“The first wave of aggression must be met and repelled by (Baltic) countries using their own defence capacities.” The Baltics have thus made big-ticket military purchases ... meet the grouping’s two-percent-of-GDP rule – plans to raise its defence ...