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, 2014See 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.
Global military spending increased for the first time since 2011. Would you spend the money differently?
WVTF Public Radio - 5/13/2016 11:05:53 PM
World military expenditure had been ... to 13.7 percent and 5.4 percent of their GDP respectively. According to SIPRI, the surge in military spending in many countries was caused by heightening regional tensions. Countries bordering Russia and Ukraine ...
Bernie and the Cut-the-Military Brigade
The Wall Street Journal - 5/22/2016 9:00:41 PM
That rate plummeted in 2014, but Russia pays for its military in rubles so the 2014 rate better represents the country ... fact is 2001’s spending, as a percentage of GDP, was at a historically low 2.9%, compared with 34.5% during World War II, 11.7% ...
Economy posts 6.9-percent GDP growth in Q1
BusinessMirror. - 5/22/2016 4:35:50 PM
The Philippines outpaced the Asean-5 and, for the first time in 27 years, China, as well, despite a weakening in global growth ... (Neda), the country’s GDP growth was driven in part by government spending, which grew 9.9 percent, way beyond the 0.2 ...
The Biggest Military Budgets As A Percentage Of GDP [Infographic]
Forbes - 6/25/2015 1:01:07 PM
No country ... States in military expenditure. In 2014, US military spending reached $571 billion, a huge distance ahead of second placed China’s $129.4 billion. However, when military budgets are viewed as a percentage of a nation’s GDP, things ...
Column: The world economy is running on monetary fumes
PBS - 5/20/2016 2:57:59 PM
With global ... spending. In countries like Italy and Japan, fiscal stimulus is effectively off the table, owing to already high levels of government debt. The Japanese government is torn between wanting to reduce debt (now 250 percent of GDP) through ...
5 Countries With the Highest Military Expenditure
The Huffington Post - 11/29/2011 3:07:16 AM
America spends 4.8% of its GDP on the military or about double the global average. In fact, Saudi Arabia is the only country in the top 15 for military expenditure that has a higher percent of its GDP dedicated to the military. It is clear by any measure ...
China's spending on industry to surge to $1.22t by 2020
ECNS - 5/19/2016 6:23:46 AM
Chinese expenditure ... country started its reform and opening-up, said Li Jinzao, chairman of the administration, earlier this month. The industry's contribution to the country's GDP has exceeded 10 percent, Li said, citing statistics from the World ...
The Republicans’ Military Budget Could Make Every Homeless Person In America A Millionaire
Think Progress - 5/21/2016 7:54:28 AM
Last year, the United States spent more than $596 billion on the military, a total greater than the next six countries in the world combined ... would likely require about .01 percent of next year’s likely military expenditures. The government could ...
Vietnam Increases Defense Spending To $5 Billion Amid Territorial Disputes With China
The Inquisitr - 5/24/2016 12:12:46 AM
Vietnam has dramatically increased its military spending in recent ... and to $6.2 billion by 2020. The country was number 12 on the list of top arms importers in the world between the years 2010 and 2014, with around 80 percent of its military purchases ...
Speech by Albania Country Manager on Business Climate and Investment Attractiveness
The World Bank - 5/24/2016 4:33:27 PM
The focus on fiscal consolidation should not prevent the country ... global value chains (e.g. agriculture and “façon”). However, Albania’s trade volumes are substantially below its peers and its potential. Exports are only 35 percent of GDP and ...
Israel, Saudi Arabia Have World’s Largest Military Budgets as Percentage of GDP
The Algemeiner - 6/26/2015 8:06:26 AM
The two countries spending the highest percentage of their gross domestic product on defense spending are Saudi Arabia and Israel, Forbes reported on Thursday. Saudi Arabia spent 10.4 percent of its GDP in 2014 on beefing up its military, while Israel ...