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
US Has World’s Most Powerful Military, Followed by Russia
24/7 Wall ST - 2/13/2016 9:22:03 AM
Still, largely as a result of fiscal austerity and the scaling back of the Iraq and Afghanistan conflicts, U.S. military spending as a percent ... 2013 GDP of $9.5 trillion was the second-largest in the world and up substantially from 2005. The country ...
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.
5 Countries With the Highest Military Expenditure
The Huffington Post - 11/29/2011 2:10:00 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 ...
Canada’s media pushes for more military spending, bigger Mideast war role
World Socialist Web Site - 2/12/2016 6:52:55 AM
It therefore strongly supports Washington’s drive to retain and expand its dominance of the world’s most important ... along with several other NATO countries, to do more to meet the 2 percent of GDP military-spending commitment. Evan Solomon, in ...
WELCOME TO THE ZOO | Military Spending
The Cornell Daily Sun - 2/10/2016 10:44:21 AM
The topic this week: Military ... world. In 2015, the United States government had a military and defense budget of $598.5 billion. This is more money than the next seven highest spending countries allow for military expenditures combined. 54 percent ...
World Bank Punches South Africa’s Poor, by Ignoring the Rich
Counter Punch - 2/12/2016 11:03:27 AM
1) “Spent more than other countries”? Of the world’s 40 largest economies, only four – South Korea, China, Mexico and India – had lower social spending than South ... Grant payments have risen from 2.9 percent of GDP and now amount to 3.1 percent.”
Germany fails to lift euro zone GDP
CNBC - 2/12/2016 5:27:01 AM
The euro zone economy grew by 0.3 percent in the last three months of 2015, meeting expectations, official statistics show. Data from Eurostat showed that, year on year, the gross domestic product (GDP) for the 19 countries that use the euro grew a ...
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 ...
West's Advantage in Military Tech 'Eroding,' Think Tank Says
military - 2/10/2016 2:04:47 PM
LONDON -- Western superiority in military technology is "eroding," notably at the hands of China and Russia, a leading think-tank said Tuesday in its annual report on the state of militaries around the world ... expenditure as a percentage of GDP has ...
A Global Recession Is More Likely Than Anyone Realizes
The Blaze - 2/12/2016 7:10:13 PM
In the real world, nation-states that experience negative growth over longer periods, interrupted by occasional paltry-positive readings of GDP are, for all intents and purposes, in a recession. Countries ... Spending on durable goods fell 0.9 percent ...
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.
Qatar’s private consumption to increase on stable spending: QNB report
The Peninsula - 2/13/2016 2:26:52 AM
DOHA: Qatar’s investments as a share of its gross domestic product (GDP) rose to 39.6 percent in Q2 2015 from 32.4 percent in 2014 on stable government capital spending. The country’s private ... as excess supply in the global market is reduced by ...
Eurozone economy grew a paltry 0.3 percent in Q4
tjcnewspaper.com - 2/13/2016 6:23:06 AM
In its winter economic forecast, the commission trimmed 0.1 percentage point from ... with a 0.8% increase in GDP. Germany’s economic upswing is key for the continuation of the euro-area recovery amid slower global growth. The European Union’s ...
German growth keeps eurozone economy steady amid global turmoil
MENAFN - 2/13/2016 8:17:37 AM
(MENAFN - AFP) Solid growth in powerhouse Germany kept the eurozone economy steady in late 2015 despite the buffeting from global market ... domestic product (GDP) growth, at 0.3 percent, offset weaker performances from southern countries by virtue of ...