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 military spending increased for the first time since 2011. Would you spend the money differently?
WVTF Public Radio - 5/13/2016 11:05:53 PM
World military expenditure had been ... to 13.7 percent and 5.4 percent of their GDP respectively. According to SIPRI, the surge in military spending in many countries was caused by heightening regional tensions. Countries bordering Russia and Ukraine ...
Economy posts 6.9-percent GDP growth in Q1
BusinessMirror. - 5/22/2016 4:35:50 PM
The Philippines outpaced the Asean-5 and, for the first time in 27 years, China, as well, despite a weakening in global growth ... (Neda), the country’s GDP growth was driven in part by government spending, which grew 9.9 percent, way beyond the 0.2 ...
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 ...
How the G-7 Can Boost the Global Economy
US News and World Report - 5/25/2016 9:11:27 PM
and government debts now stand at more than 200 percent of GDP. Much of the policy response has tried to stimulate demand among populations. But several years of deficit spending, combined with low interest rates have failed to generate a robust recovery ...
World Humanitarian Summit Kicks off in Turkey & Somalia President Delivers Speech
wingatewire.com - 5/25/2016 10:51:39 PM
The forum started today in Istanbul and brought together representatives of 80 countries-members of the UN ... requested for humanitarian assistance at about 1 per cent of global military spending. The Turkish Cooperation and Development Agency (TIKA ...
Moroccan Economy Threatened by Potential Food Price Shocks
moroccoworldnews.com - 5/25/2016 10:27:12 AM
The report, published this month, models the impact of food price shocks on the economies of 110 countries ... high expenditures on food products. The report predicts that Morocco will experience a 4.5 percent decrease in its GDP and a decline in the ...
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 ...
Vietnam Increases Defense Spending To $5 Billion Amid Territorial Disputes With China
The Inquisitr - 5/24/2016 12:12:46 AM
Vietnam has dramatically increased its military spending in recent ... and to $6.2 billion by 2020. The country was number 12 on the list of top arms importers in the world between the years 2010 and 2014, with around 80 percent of its military purchases ...
Countries Spending the Most on Military
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)