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.
Indian Railways May Add 20 Percent Incremental GDP In 4 Years
Value Walk - 11/30/2015 9:32:15 AM
In its Nov. 25 research report in their “The Next India” series, Akshay Soni and team at Morgan Stanley said they believe that a rightsizing between roads and rail in India could lead to a savings of 120-150 bps of GDP ... vs spending in other ...
5 Countries With the Highest Military Expenditure
The Huffington Post - 11/29/2011 3:07:16 AM
This accounts for about 43% of the entire global military spending ... 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 ...
We're All Paying for the Unaccountability of So-Called 'Experts' Who Screwed Up the World Economy
Alter Net - 12/1/2015 7:00:45 AM
And in the harder hit countries like Greece ... deficit soared to a post–World War II record of more than 10 percent of GDP. The Fed’s QE also provided some funding for the government to stimulate the economy through spending and tax cuts, without ...
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 ...
Zimbabwe: Country's Economy to Grow By 2,7 Percent in 2016
AllAfrica - 11/27/2015 8:38:33 AM
Finance Minister and Economic Development Minister Patrick Chinamasa said on Thursday the country's economy would ... "In 2016, GDP (Gross Domestic Product) growth is projected to rebound to 2,7 percent, mainly on account of mining, tourism, construction ...
10 Countries Spending the Most on the Military
24/7 Wall ST - 7/10/2014 6:20:09 AM
Global ... In other countries — especially those where military spending was on the rise — military budgets were dependent on a number of factors. A country’s economy, for example, often mirrors military spending. “You need to have GDP growth ...
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.
Ethiopia and the World Bank of Lies, Damned Lies and Statislies
Nazret - 12/1/2015 4:01:47 AM
Real GDP growth averaged 10.9 percent ... country into a shining example of loan- and aid-based development (an oxymoronic claim on its face). On February 8, 2015, I posted a commentary entitled, “Ethiopia’s “Odious Debt” to the Odious World ...
10 Theoretical Countries Of The Future
listverse.com - 11/28/2015 8:01:34 AM
Countries rise, and countries fall. Nobody assumes that the world map of the future ... Although it only accounts for 16 percent of the Spanish population, Catalonia contributes 19 percent of the Spanish GDP. The region also gives more money to Madrid ...
Bulgaria aims to double R&D spending by 2020: economy minister
Xinhua News Agency - 11/30/2015 1:35:38 PM
In 2014, R&D spending reached 0.78 percent of GDP, while in 2013 ... compared to other countries of the European Union (EU), he said. Without innovation and investment in R&D, it is impossible to be competitive in the global market, the minister added.
GDP – A matter of perspective
Philstar - 11/29/2015 7:06:06 PM
The sharp improvement in the Philippines’ 3rd quarter GDP growth lies in what dragged it in the first place – government expenditure. From modest growth in the 2nd quarter of 3.9 percent ... global growth and even recession in some countries Just ...
Global Photonic Sensors and Detectors Industry
The Business Journal - 11/26/2015 12:04:20 AM
The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World ... Sensors in Military Sector: Breakdown of Military Spending (In US$ Billion) in Select Countries for the Year 2013 ...
Nations most at risk of climate change urge lower warming cap
Reuters - 12/1/2015 4:51:54 AM
Aquino III said Climate Vulnerable Forum countries are estimated to be suffering economic losses from climate extremes of at least 2.5 percent of GDP each year - even though they account for less than 2 percent of global emissions. His country was ...