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
China ups military spend by 12 percent. Are the gloves coming off?
The Christian Science Monitor - 3/5/2014 4:00:16 PM
China made headlines today with its annual military ... two percent of GDP in 2012 compared to four percent of US output, according to the World Bank. China has not waged costly wars in Afghanistan and Iraq, of course. But as their country ...
How Massive Global Military Spending Became Integral to Capitalism
Alter Net - 3/10/2014 5:05:55 PM
China's surge in military spending gains headlines, partly because of the ominous implications regarding its regional contest with Japan ... digit increases as a percentage of GDP – the United States still accounts for 40% of such expenditures.
Global military spending is now an integral part of capitalism
Gulf News - 3/10/2014 3:47:11 PM
for all the current focus on China’s growing military outlays and it is significant that they have embarked on a sequence of double-digit increases as a percentage of GDP the United States still accounts for 40 per cent of such expenditures. However ...
China’s military spending: is there a new arms race?
New Internationalist - 3/10/2014 10:17:54 AM
As the world’s second largest military power, China’s announcement of a 12 per cent increase ... hypersonic missiles that can theoretically breach current generation US naval defences. Moreover the estimated US$132 billion budget probably understates ...
China Decides On Double-Digit Hike For Military Spending In 2014, Its Highest In Three Years
Pakistan Defence - 3/4/2014 11:53:54 PM
So even if we increase defence budget by 1000 ... rich in oil and gas, Reuters reported. The U.S., which approved a defense budget of $633 billion for 2014 in December, tops the list when it comes to defense spending. It's nothing even compared to our last ...
China Increases Military Spending 12 Percent: Should We Worry?
US News and World Report - 3/5/2014 9:29:33 PM
In 2012, Chinese President Xi Jinping promised his countrymen that they would witness “the great renewal of the Chinese nation.” “Nowadays, everyone is talking about the 'China Dream,'" he said while viewing an exhibition at the new ...
No need for nerves over China's defense spending
新华网 - 3/5/2014 11:56:53 AM
Although China's defense budget has been growing at a steady pace over the past four years, military experts have said the ... defense spending in China's GDP stood at less than 1.5 percent last year, well below the world average of 3 percent.
Japan’s October-December GDP growth downgraded to annualized 0.7%
Japan Times - 3/10/2014 7:11:47 AM
Japan’s economy grew an annualized 0.7 percent in the fourth quarter of 2013 in inflation-adjusted terms, downgraded from preliminary data due mainly to a downward revision to corporate capital spending, the government said Monday. The October ...
Poland needs more belt-tightening to hit deficit target: OECD
mobile.reuters.com - 3/10/2014 8:44:50 AM
March 10 (Reuters) - Poland's government needs to make deeper spending cuts ... organisation of the world's most developed countries left its forecasts for Polish gross domestic product (GDP) growth unchanged, at 2.7 percent this year and ...
Despite cuts, NATO still accounts for most of world’s military spending
Stars and Stripes - 2/24/2014 11:56:14 PM
Despite impending cuts in the armed forces of many of its member nations, NATO remains by far the largest military force in the world ... for more than 70 percent of the total defense expenditures of NATO’s 28 member countries. The release of the ...
5 Countries With the Highest Military Expenditure
The Huffington Post - 11/29/2011 8:10:54 PM
After all, we would certainly expect that a large country with one of the world's largest economies ... is the only country in the top 15 for military expenditure that has a higher percent of its GDP dedicated to the military.
US, allies' share of world military spending shrinking-study
Reuters - 7/7/2011 11:24:21 PM
The study uses International Monetary Fund growth estimates for all countries surveyed ... to maintain existing levels of equipment. Post World War Two U.S. military spending as a percent of GDP has ranged from a 15 percent high in 1952 during ...
Global Military Spending Soars 45 Percent in 10 Years
Common Dreams - 6/8/2008 11:54:33 PM
"The factors driving increases in world military spending include countries' foreign policy objectives ... the economic burden of military spending is still moderate, at 2.1 percent of GDP". As a direct result of the increased military outlay, sales ...
Countries Spending the Most on the Military
24/7 Wall St. - 6/27/2013 11:03:48 AM
The Stockholm International Peace Research Institute (SIPRI) measures annual military spending for most of the world’s armed countries ... spent 4.4% of its gross domestic product (GDP) on the military. In countries like Saudi Arabia and Oman, military ...