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
Is the 'World’s Deadliest Tank' Bankrupting Russia?
The Diplomat - 5/20/2015 3:45:30 PM
The verdict is simple: Russia cannot afford military expenditures at such scale in the long ... With the help of the reserve fund – worth approximately six percent of the country’s total GDP – Russia could maintain a 3.7% deficit for less than ...
Russia’s Military Spending Is Out of Control
The Moscow Times - 5/19/2015 10:13:14 PM
According to the World Bank, only nine countries in the world ... actual defense spending remained at about 3 percent of GDP. Against this background, Russia's recent military spending binge is all the more notable, for it suggests that the government ...
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.
Gaza unemployment world's highest as 60% of youth find themselves jobless
The Jerusalem Post - 5/22/2015 4:58:53 AM
It also states that the 2007 blockade has shaved around 50 percent off Gaza’s GDP, causing welfare losses of up to 28%. Unemployment in the Gaza Strip is the highest in the world at 43%, when compared to other countries ... % of PA’s expenditures ...
World Bank: Gaza's Economy on 'Verge of Collapse'
Voice of America - 5/22/2015 1:59:55 AM
The global lender says Gaza's unemployment rate stands at 44 percent. "Even more alarming is the situation ... in despair particularly the youth," said Steen Lau Jorgensen, World Bank Country Director for West Bank and Gaza. Citing security concerns ...
Britain resigns as a world power
Washington Post - 5/22/2015 12:19:42 AM
Confronting a world of challenges — including ... (It should be said that most other European countries are worse, which means that the United States accounts for more than 70 percent of NATO’s military spending.) The same is true of other elements ...
Gaza economy 'on verge of collapse', with world's highest unemployment
theguardian.com - 5/22/2015 9:16:35 AM
The current market in Gaza is not able to offer jobs leaving a large population in despair particularly the youth,” said Steen Lau Jorgensen, World Bank country ... of its GDP. They add: “In Gaza, unemployment increased by as much as 11 percentage ...
World Bank: Gaza economy on ‘verge of collapse’
Jewish Telegraphic Agency - 5/22/2015 2:45:51 PM
(JTA) — Gaza’s economy, stifled by the highest unemployment rate in the world ... s GDP. “Gaza’s exports virtually disappeared, and the manufacturing sector has shrunk by as much as 60 percent,” said Steen Lau Jorgensen, World Bank country ...
World Bank Updated Forecast Predicts 2016-17 Kazakh Economic Growth Recovery
astanatimes.com - 5/22/2015 3:35:58 PM
ASTANA –The spring 2015 edition of the biannual Kazakhstan Economic Update of the World Bank ... for the country in coming years, despite external shocks and lowered demand domestically. Kazakhstan’s GDP growth slowed from 6 percent per year in 2013 ...
Asia defense spending: New arms race in South China Sea
investorintel.com - 5/21/2015 8:44:57 PM
May 21, 2015 (Source: CNBC) — The Philippines, Vietnam, Indonesia, Malaysia, Thailand and Taiwan are beefing up their military in ... the region boosting expenditures—Indonesian procurement spending is expected to spike by 61 percent by 2021, for ...
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.
Global Investors Aren’t Buying Thai Junta’s Year of Happiness
Bloomberg - 5/22/2015 12:05:23 AM
The government is struggling to revive an economy that grew at its slowest pace in three years in 2014 as government spending on ... this quarter with a 2.6 percent drop versus the dollar. Prayuth has said he’ll return the country to democracy next ...
Russia to rein in public spending if economic troubles continue: FM Anton Siluanov
Economic Times - 5/21/2015 4:45:45 AM
Siluanov said that he now expects a deficit of no more than 2.4 percent of GDP in 2016 - double a ... projected Russian might around the world. "(Russia) cannot possibly manage such a high rate of military spending now," Sergei Guriev, a former rector ...
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 ...
Teachers get 80 percent of expenditure on education: New report
Daijiworld - 5/19/2015 4:33:48 AM
Indeed, higher the per capita income, lower the public expenditure on elementary education (as a proportion of the state’s GDP), according to ... literacy rates among various countries. With a literacy rate of 77 percent, India lagged all the other ...