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.
Trends in World Military Expenditure, 2015
ISN ETH Zurlch - 4/25/2016 7:42:21 AM
SIPRI’s analysts are justly celebrated for their statistical portraits of global military spending ... The percentage change is from 2006 to 2014. THE TOP 15 MILITARY SPENDERS IN 2015 There was no change in the countries that comprised the top 15 ...
Military Spending is the Capitalist World’s Fuel
Counter Punch - 4/22/2016 8:50:20 AM
So gigantic that it was more than the military spending of every other country on Earth combined ... the fourth-highest ratio in the world, while China spent 2.1 percent of its GDP on its military. But if we use the actual total of U.S. military spending ...
Confidence In U.S. Economy Plunges As GDP Only Grows 0.5 Percent In First Quarter Of 2016
The Inquisitr - 4/29/2016 1:32:32 AM
This shockingly low figure is well below the average 2 percent kept up in recent years. Growth of U.S. GDP ... spending has been revised down significantly since then. While CNN mentioned a variety of factors, such as “tepid consumer spending, global ...
5 Countries With the Highest Military Expenditure
The Huffington Post - 11/29/2011 3:07:16 AM
America spends 4.8% of its GDP on the military or about double the global average. In fact, 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. It is clear by any measure ...
The Biggest Military Budgets As A Percentage Of GDP [Infographic]
Forbes - 6/25/2015 1:01:07 PM
No country ... States in military expenditure. In 2014, US military spending reached $571 billion, a huge distance ahead of second placed China’s $129.4 billion. However, when military budgets are viewed as a percentage of a nation’s GDP, things ...
The trouble with GDP
The Economist online - 4/29/2016 11:58:17 PM
No wonder GDP ... s world From time to time, such dissatisfactions have brought forth alternatives. In 1972 Mr Nordhaus and James Tobin, a colleague at Yale, came up with a “measure of economic welfare” which counted some bits of state spending ...
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 ...
Countries Spending the Most on Military
Wall Street Journal - 6/27/2013 7:10:34 PM
It's no secret that the U.S. spends a lot of money on its military. But how much? And how does it stack up against military spending by other countries? MarketWatch's Jim Jelter takes a look. (Photo: Getty Images)
Saudi’s military industrial vision challenging but possible — analysts
Gulf News - 4/28/2016 9:04:41 AM
Saudi Arabia is already the third-largest spender in the world on military ... Saudi Arabia’s military spending was $81.8 billion (Dh300 billion) in 2015, and constituted nearly 12.9 per cent of the country’s GDP. Benefits of “localising our own ...
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.
Presidential elections highlight heavy US defense spending
WUWM - 4/18/2016 10:59:45 PM
That’s nearly 4 percent of its gross domestic product (GDP), more than any other NATO country ... to mean a more stable global economy. And, that might put a wrench in both Trump's and Sanders' simplified stances on military spending.
Total World Military Spending Hits $1.7 Trillion In 2015: Here's A List Of The Top 15 Spenders
Tech Times - 4/8/2016 9:06:56 AM
The total expenditure was 2.3 percent of the global gross domestic product (GDP). Military expenditure ... The decrease in the price of oil also caused countries dependent on oil revenue to decrease their military spending. However, Saudi Arabia and ...