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.
Global Tourism GDP Resilient This Year, but Woes for France, Turkey
newsweekme.com - 8/23/2016 10:42:09 AM
Overall, however, the global travel and tourism sector is expected to grow by 3.1 percent in 2016, faster than predicted global GDP growth of 2.3 percent, driven by increasing numbers of travellers from Asian countries ... reduction in spending on travel ...
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 ...
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 ...
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 ...
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.
Countries Spending the Most on Military
The 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)
US, allies' share of world military spending shrinking-study
Reuters - 7/7/2011 7:25:08 AM
The study uses International Monetary Fund growth estimates for all countries ... spend about 1 percent of its gross domestic product (GDP) on weapons just to maintain existing levels of equipment. Post World War Two U.S. military spending as a percent ...
10 Countries Spending the Most on the Military
freerepublic.com - 7/10/2014 9:33:25 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 ...
Global travel spending still growing but at a slower pace
KSWO 7 News - 8/22/2016 9:56:13 PM
The World Travel and Tourism Council, a group backed by travel providers with the mission to promote tourism, said in a report Monday that global travel spending for 2016 is expected to grow by 3.1 percent ... of any additional military cooperation ...
Global Military Spending Increased In 2015
Counter Currents - 4/7/2016 5:40:32 AM
Total military purchases reached $1,676 billion in 2015, or nearly $1.7 trillion, consuming some 2.3 percent of global gross domestic product (GDP), SIPRI ... and various countries in the region contributed to substantial increases in expenditure ...
Russia third in world in military spending - SIPRI
Russia & India Report - 4/22/2015 1:26:54 PM
According to Zatsepin, the world average military burden on the economy in 2014 was 2.4 percent of GDP, which is the relative amount countries allocate to military spending on average. For example, according to NATO requirements, alliance member countries ...
Global Military Spending Fall, Despite Sharp Increases In The East
Economy Watch - 4/13/2014 11:56:34 PM
SIPRI noted that for the first time in a decade, Moscow had invested a greater percentage of its GDP in its ... Japan as the world’s 4 th largest military spender. In Africa, over two-thirds of the countries increased their military spending last year.