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
In the U.S., lower military spending ... data on military expenditure in over 170 countries. We reviewed SIPRI data on military exports, imports and military expenditure as a percentage of gross domestic product. We also reviewed GDP and GDP growth figures ...
Things to know about Nigeria as new president is elected in Africa's most populous country
FOX News - 3/31/2015 7:36:36 PM
ECONOMY: Crude oil drives Africa's biggest economy, funding an estimated 80 percent of all government spending ... Nigeria's prosperity and development. The country has been marked by decades of coups and military rule.
China's Double-Digit Defense Growth
Foreign Affairs - 3/20/2015 2:24:32 AM
Already, China is the second-biggest military spender in the world, having surpassed the ... officials claim, and military spending still accounts for less than 1.5 percent of the country’s GDP. They also assert that in terms of per capita military ...
10 countries spending the most on their military
Market Watch - 9/3/2014 4:53:27 AM
Although arms expenditure has actually increased in much of the world, military spending in the U.S. — which ... 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 ...
5 Countries With the Highest Military Expenditure
The Huffington Post - 11/29/2011 3:07:16 AM
After all, we would certainly expect that a large country with one of the world's largest economies like ... 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.
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 ...
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.
JOE WILSON: Funding our military must be a priority
North Augusta Star - 3/31/2015 11:54:17 PM
Our defense funding and military power is determined by various factors, including our economic policies, our allies’ contributions to global defense spending and the threats throughout the world ... spending was 3.5 percent of GDP, while mandatory ...
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 ...
Tourism sector expected to record faster growth of 3.7 pc
Big News Network - 3/31/2015 1:50:01 AM
World ... tourism spending. Growth of oil exporting economies like Saudi Arabia and UAE has been downgraded, even with OPEC's decision to maintain production levels. Russia is predicted to have a deep recession with GDP contracting by 6 percent on account ...
World Cuts Back Military Spending, But Not Asia
Inter Press Service - 4/14/2014 9:50:42 AM
WASHINGTON, Apr 14 2014 (IPS) - For the second year in a row, the world is spending a little less on ... Even Japan, which has traditionally kept its military spending to under one percent of GDP, is getting into the act. Tokyo has promised of a 2.8 ...
Tourist spending to rise 6pc this year
The Daily Star - 3/28/2015 6:07:06 PM
Spending by domestic tourists is expected to grow about 6 percent year-on-year in 2015 to Tk 51,770 crore, World Travel & Tourism ... of travel and tourism to GDP reflects the 'internal' spending within a particular country by residents and non-residents ...
Billions Blown in Afghanistan Reconstruction Spending? (MuckReads Edition)
Madison - 4/1/2015 11:57:17 AM
After routing the Taliban in Afghanistan in 2001, the U.S. government began a now 13-year effort to stabilize and develop the country. It has cost taxpayers ... will continue to cost billions — even as our military presence shrinks.
China hiked military spending by 10% as Japan moves towards militarization
Times of India - 3/4/2015 10:38:56 PM
"Compared with major countries in the world, the road to China's defense ... and 10.7 percent in 2013. China's military expenditure in 2014 accounted for less than 1.5 percent of GDP, well below the world's average of 2.6 percent, the official media ...
Top 10 military spending nations; oil countries post biggest jumps this decade
The Christian Science Monitor - 6/2/2010 11:54:55 PM
Boston — Worldwide military spending jumped 5.9 percent in 2009 to $1.5 trillion, according to a new report that underscores the long-term decision of many countries to prioritize ... up with cheap loans from the World Bank. The global lending agency ...