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
The Biggest Military Budgets As A Percentage Of GDP [Infographic]
Forbes - 6/26/2015 2:08:31 AM
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 ...
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 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.
Is Sweden's military too small even for its peacenik ways?
The Christian Science Monitor - 7/1/2015 11:59:43 PM
Swedes have been increasingly anxious over the state of the country’s defenses ... when Sweden was spending 3 percent of its GDP on a large, well-equipped military, including an Army of 350,000. A corresponding problem, Colonel Wiktorin and others ...
Indonesian plane crash increases pressure for military overhaul
freemalaysiatoday.com - 7/3/2015 8:48:14 AM
JAKARTA: The deadly crash of a 51-year-old Indonesian air force transport plane this week has turned the spotlight on the country’s ageing military ... had already announced plans to increase military spending to 1.5 percent of GDP — more than $13 ...
IMF sets 4.3 percent budget deficit target
Business Recorder - 7/3/2015 11:28:43 PM
The International Monetary Fund (IMF) has set 4.3 percent budget deficit target as prior action for the current fiscal year including an adjuster of 0.3 percent of GDP (up to Rs 100 billion) on security expenditure and resettlement of Internally Displaced ...
Indonesian military plane may have suffered engine problem
FOX News - 7/2/2015 7:16:22 AM
Indonesia's military spending is equal to 0.8 percent of GDP, according to the World Bank, about half that of its neighbors Malaysia and Thailand. The cash crunch for Indonesia's armed forces is compounded by the vast area of an archipelago nation made up ...
Saudi Arabia Tops Defence Spending in Relation to GDP Israel Second
Jewish Business News - 6/27/2015 5:59:23 PM
By contrast, Washington’s enormous military expenditure “only” amounts to 3.5 percent of GDP. This chart shows estimated military expenditure as a % of GDP in selected countries in 2014.
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 ...
We Are At War And Military Spending Must Take Priority
Strategy Page - 6/26/2015 2:01:22 AM
World War II cost Russia more than half its wartime GDP, and they continued spending over 20 percent of GDP during most of the Cold War. The U.S. was able to spend much less of the national wealth on military ... has left the country because the owners ...
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 ...
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.
The Global Debt Trap
RealClear Politics - 7/3/2015 2:21:42 AM
In 2014, gross debt as a share of GDP was 132 percent ... spending, deficits and debt. What we have is a global debt trap. The combination of high debt and low economic growth is inherently unstable. There's little room to maneuver. If all the countries ...
The Never Ending Saga Of Greece’s Debt Crisis
Counter Currents - 7/3/2015 4:40:41 PM
In 2004, the country’s public debt was €183.2 billion. By 2009, it reached as high as €299.5 billion, or 127 percent of country’s GDP. Currently ... to illicit capital outflows. Excessive military spending also took place before 2010.