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.
One Of The World's Best Bond Managers Has Lost £1.98 Billion In A Huge Gamble On Ukraine's Future
The Business Insider - 1/29/2015 4:42:34 AM
He is the country's biggest private creditor ... Government officials are predicting a 4.3 percent contraction this year following a 7.5 percent drop last year. The military conflict with separatists, which has claimed more than 5,000 lives since ...
Russian govt proposes spending cuts in view of crisis
The Kansas City Star - 1/28/2015 9:22:56 AM
The Russian government, facing its worst economic crisis in a decade, on Wednesday proposed cutting planned spending by 10 percent this year and 5 percent over the next two years in all categories except military ... Russia's GDP is expected to decline ...
Russian government details spending cuts in view of crisis
Seattle Post Intelligencer - 1/28/2015 6:02:30 AM
MOSCOW (AP) — The Russian government, facing its worst economic crisis in a decade, on Wednesday detailed how it intends to cut spending over the next three years in all parts of the economy except military ... Russia's GDP is expected to decline by 4-5 ...
Pentagon: US may lose high-tech military superiority to China, Russia
RT - 1/29/2015 1:32:17 PM
The Pentagon has expressed deep concern about the US eventually losing its military technological superiority over ... members to keep their promise given last year and spend 2 percent of GDP on defense. Extensive collaboration with allies worldwide ...
Obama calls for spending surge, buoyed by rising economy
The Seattle Times - 1/30/2015 12:09:22 AM
Obama's proposed $74 billion in added spending -- about 7 percent -- would be split about evenly between ... it will threaten our economy and our military," Obama warned in an op-ed article Thursday in The Huffington Post. He said the nation's debt still ...
Philippines confident of faster growth after 2014 rebound
Yahoo News - 1/29/2015 7:27:12 AM
offsetting weaker growth in the previous nine months to boost full-year gross domestic product (GDP) expansion to 6.1 percent, exceeding forecasts from major international institutions. The rebound puts the country on a high-growth trajectory not seen in ...
The decline of US military innovation
Arab News - 1/28/2015 11:06:08 PM
THE United States is at risk of losing its military edge. America’s armed forces may still be the most advanced in the world; after all ... the US Department of Defense has cut R&D spending by 22 percent. In 2013, as part of a deal to avert a showdown ...
Abu Dhabi government debt accounts for 2.7 percent of GDP
MENAFN - 1/28/2015 9:30:05 AM
(MENAFN) According to Moody's Investors Services, Abu Dhabi's government currently represents 2.7 percent of its GDP ... to maintain high spending despite falling oil prices, MENAFN (MENAFN) The Qatari Finance Ministry said that the country does not ...
10 Countries Spending the Most on the Military
24/7 Wall ST - 7/10/2014 6:20:09 AM
Global military ... of GDP devoted to spending in big-oil producers,” Perlo-Freeman said. Brazil, Saudi Arabia and Russia are all large oil-producing nations, as well as some of the world’s top military spenders. To determine the top 10 countries ...
Russia To Cut Spending Under Anticrisis Plan
Radio Free Europe - 1/28/2015 1:11:59 PM
Russia’s new "anticrisis" economic plan calls for a 10 percent cut in spending this year in all areas except military and social ... and Western sanctions over the country’s interference in Ukraine. Russia’s GDP is expected to decline by 4 or 5 ...
Proposed Increase In US Defence Budget 'Good' For Australia As Obama Revitalises Military In Pacific
International Business Times - 1/29/2015 3:45:18 AM
United States President Barack Obama’s push for an addition $38 billion funding for the U.S. defence budget is a good sign for Australia as the move will boost the country’s military presence in the Indo-Pacific region. The eight percent increase Mr ...
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 ...
Britons Want to Stay on World Stage
New York Times - 1/30/2015 2:18:13 AM
In 1951, the two main parties won 97 percent of ... current and future spending cuts on the British military, on modernizing and retaining Britain’s submarine-based nuclear deterrent and indeed on the country’s shrinking role in world affairs, where ...
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 ...