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.
Russia's credit cut to 'junk' a blow to aspiring world power, but immediate fallout is limited
FOX News - 1/27/2015 9:38:26 AM
MOSCOW – Russia has seen its credit grade cut to "junk" status for the first time in over a decade, a big blow for a country that wants to be a world economic power ... a country "with debt of around 11 percent of GDP and fiscal reserves of some 14 ...
Art of Statistics that Runs the World
The New Indian Express - 1/27/2015 7:03:56 PM
For KMB ‘14, the artist plays with a relatively new concept - “speaker as pixel”- where speakers are arranged country-wise in sets according to their military spending with relation to their GDP ... that runs our world”. It arranges countries ...
Libya: increased deficit and weaker currency warns World Bank
Libya Herald - 1/27/2015 2:46:14 PM
Fiscal spending, it continued, has been on the rise in these countries ... World Bank estimates that at oil prices of $65 and with the current capacity of oil exports remaining at 400,000 b/d, the 2015 budget deficit would increase to 31 percent of GDP ...
The return of the D-word to American politics
kylewingfield.blog.ajc.com - 1/27/2015 2:31:55 PM
A plateau in spending and modest growth in revenues over the past few years have allowed federal budget deficits to fall back toward their historical level of 2.7 percent of GDP. But they ... including the military and discretionary programs.
The Rise in Internet Penetration and the Changing Face of Digital India
iamwire.com - 1/27/2015 10:07:04 AM
This number has grown by 25 times in the last 12 years at a compounded rate of over 30 percent y-o-y. Today, approximately 40 million Indians are online everyday, spending ... to GDP stands 6th among major developing and developed countries, with UK ...
New York Expected to Overtake Tokyo as Top Spending Entertainment & Media City in PwC's Global Cities of Opportunity Study
Yahoo Finance - 1/27/2015 1:56:08 PM
Cities of Opportunity offers a balanced, quantitative social and economic benchmarking of 30 of the world's leading centers of business, finance and culture. Outlook adds the worldwide E&M total spending ... the pack with a 12.5 percent CAGR from 2013 ...
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 ...
Oil slump to reduce GCC's capital expenditure
MENAFN - 1/27/2015 10:35:42 AM
(MENAFN) The Bank of America said that a prolonged plunge in the global prices of oil could result in decreasing the capital expenditure ... for 9.5 percent of its GDP, as the country continues with preparations to host the FIFA World Cup in 2022, then ...
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 ...
The economic crisis isn’t over in most of the world
Register-Guard - 1/27/2015 6:46:38 AM
Assuming the IMF forecast is reached, growth would still be a third of the predicted U.S. rate (3.6 percent). Led by China, so-called “emerging-market countries” have disappointed. They were expected to replace the United States as the world economy ...
U.S. deficit to dip in 2015 as era of dramatic declines ends: CBO
Win 98.5 - 1/26/2015 2:04:28 PM
Meanwhile, President Obama and his Democrats have proposed a range of new spending and tax breaks aimed at helping ... growth during the 10-year budget window, with real GDP growth peaking at 3 percent in 2016, then slowing to 2.1 percent in 2018-2019 ...
European Union Is Teetering on the Brink of Collapse
Alter Net - 1/27/2015 8:29:50 PM
It currently boasts the world ... military muscle to play global policeman. And yet, for all this success, the European project is currently teetering on the edge of failure. Growth is anemic at best and socio-economic inequality is on the rise. The ...
European Central Bank Stirs Economy but Not That of the US
Guardian LV - 1/27/2015 1:24:30 AM
As the USD gets more power, spending ... only 13.4 percent contributed to GDP. According to the data from the Commerce Department, less than a quarter of that $3.2 trillion went to Eurozone. The 2008 global financial crisis had countries continuously ...
Chasing the Holy Grail of peace in South Asia
The Times of India Blogs - 1/27/2015 7:51:03 AM
After all, we live in a globalized world of complex interdependence. A problem in one country today does have its positive ... if India and Pakistan were to reduce their defense expenditure even by a percentage point, they could very well take care of ...