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.
Poroshenko orders new mobilization, military spending increase
Kyiv Post - 12/20/2014 7:27:31 PM
Ukraine is to hike military spending and undergo further mobilization in 2015, according to President Petro Poroshenko. In 2015 the level of funding for the defense and security sector from the national budget would be close to five percent of GDP.
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 ...
Argentina 2014 primary fiscal deficit to be 1.35pc of GDP
Business Recorder - 12/19/2014 3:25:20 PM
of 56 billion pesos ($6.55 billion), or 1.35 percent of GDP in 2014, the country's cabinet chief Jorge Capitanich said on Friday. The leftist government of President Cristina Fernandez has used high state spending in an attempt to sustain domestic demand ...
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 ...
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 ...
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 ...
China to Revise 2013 GDP by About 3%
NASDAQ - 12/15/2014 11:19:32 AM
BEIJING--China will revise the estimated size of its economy by 3% in 2013, even as weak factory numbers released Tuesday showed the world's second ... or the military receive, to the extent these are calculated as a percentage of GDP.
Juggernaut: How the Rise of Developing Countries Is Reshaping the World Economy
Yale Global Online - 12/16/2014 2:10:09 PM
GDP increased by an average ... Inflation is still above 10 percent in about 15 African countries. And even with some recent successes—which placed countries such as Rwanda among the top global reformers in the World Bank’s 2010 Doing Business Index ...
Analysts say oil prices to have positive effect on world economic growth
themalaymailonline.com - 12/19/2014 5:45:31 AM
With Brent crude recently falling below the symbolic US$60 dollar (RM208.40) mark — a 50 percent drop since mid-June — the defence budgets of countries in the Middle ... outlined plans for increases in military spending while growth in India and ...
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 ...
Russia Spends More of Its GDP on Defence Than U.S. or European Powers
Breitbart News - 4/15/2014 9:16:43 PM
The only neighbouring country that spends more is Azerbaijan, with 4.7 percent. Defence spending ... provinces of the country. Russia's military spending relative to GDP is now the highest of any major world power, higher even than China.
New Government Will Decide Future of UK Military, Defense Chief Says
Defense News - 12/19/2014 12:01:55 AM
LONDON — The future shape and utility of the British armed forces will be decided by the actions a new government takes over the course of 2015, the country's top military ... above NATO's 2 percent of GDP target for defense spending, but government ...