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.
Tax-to-GDP: government revenue falls to 14.6 percent: IMF
Business Recorder - 10/8/2015 11:21:03 PM
Government expenditures are higher than the revenue generated by the country and is projected at 19.6 percent of the GDP by 2016, and the same has been projected till 2018. According to the IMF report "World Economic Outlook" the unemployment ratio is ...
World Bank improves forecast for Azerbaijan's GDP growth
Azer News - 10/9/2015 7:56:27 AM
The Azerbaijani government expects that in 2015 the real growth of the country ... expenditures of the government will be limited due to the decrease in world oil prices. Also, the share of Azerbaijan's state investments in GDP will fall to 10.3 percent ...
MidEast military sales: the case for the defence
Arabian Business - 10/8/2015 9:47:59 PM
Global military expenditure represented 2.3 percent of overall GDP or $245 per person ... I do believe it will be focused in the GCC countries. It has a reasonable GDP to fund programmes while many others outside the GCC do not.” In addition to direct ...
India may sail through global uncertainty; GDP likely to grow 7.5% in FY16: World Bank
Firstpost - 10/5/2015 2:20:34 PM
Washington: Lifted by the prospects of faster implementation of reforms and a favourable terms-of-trade shock, India is expected to weather global volatility with real GDP growth projected ... projected the country to grow 8 percent by 2017-18.
Africa faces challenge of sustaining growth in weak global economy’
The Guardian - Nigeria - 10/8/2015 12:43:58 PM
In a statement, the World Bank said that Sub-Saharan Africa countries are continuing to grow ... The 2015 forecast remains below the robust 6.5 percent growth in GDP which the region sustained in 2003-2008, and drags below the 4.5 percent growth following ...
Southeast Asia At The Forefront Of The Global Infrastructure Boom
Seeking Alpha - 10/9/2015 3:24:26 AM
Southeast Asian regional markets are at the forefront of the global construction boom, and will need to do everything they can to enable investment. Recognizing the importance of infrastructure spending ... for 26 percent of the country's GDP.
The 20 highest-income cities in the world
The Business Insider - 10/8/2015 3:42:55 PM
The U.S. doesn't get much credit when it comes to leading the world in things beside military spending and ... domestic products (GDP) per capita of the 300 largest metropolitan economies. Of those 300, 204 were in developed countries.
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 ...
World Bank projects SSA’s growth to slow to 3.7%
Businessday - 10/5/2015 11:53:14 PM
The 2015 forecast remains below the robust 6.5 percent growth in GDP which the region sustained in 2003-2008, and drags below the 4.5 percent growth following the global ... In some countries, the deficit was driven by large infrastructure expenditures.
World Bank tips Malawi on economic growth: Caution on subsidies splurge
Nyasa Times - 10/7/2015 7:30:11 AM
World Bank has tipped Malawi and other sub-Saharan Africa countries who are continuing to grow ... The 2015 forecast remains below the robust 6.5 percent growth in GDP which the region sustained in 2003-2008, and drags below the 4.5 percent growth ...
UPDATE 1-Russian govt approves 2016 budget with 3 pct of GDP deficit
Reuters - 10/8/2015 3:11:18 AM
The projected 3 percent deficit is slightly below a 3.7 percent deficit ... 2.83 billion), largely reflected a decision to restore 165 billion roubles in spending for the military, which would have been cut under the earlier draft. He said that the ...
How Global Conflict Can Boost Your Portfolio
USNews - 10/5/2015 11:53:14 PM
When the world goes to war ... past couple of years despite U.S. military spending cutbacks. In the last 24 months, each of those stocks, except Boeing, substantially outperformed the broad market, gaining between 46 percent and 79 percent, excluding ...
Here’s how the world is funding its armies
Global Post - 4/14/2014 7:30:31 PM
For example, since 2008, Austria, Belgium, Greece, Ireland, Italy, the Netherlands, Spain, the UK, and every country in Central Europe (except for Poland) have all cut their military ... 9.3 percent of its GDP. That’s 3.8 percent of the world’s spending.
Armed and dangerous: India fifth in world's strongest armed forces
Rediff India Abroad - 10/6/2015 3:20:50 AM
While the world talks ... US far outweighs the military might of any of its close rivals and so does its defense spending worth USD 610 bn in 2014, which is far more than the combined military expenditures of the next nine countries in our index.'