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.
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 ...
This Percentage of Americans Have Nothing in Emergency Savings, Survey Shows
The Motley Fool - 6/25/2016 11:09:10 AM
The U.S. is the world's most robust economy by GDP, but when it comes to making smart financial ... I'd opine that the following three reasons summarize our country's saving issues well. The first problem is that many basic financial concepts aren't ...
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 ...
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)
Crisis or speed bump? What UK vote means for world economy
Associated Press - 6/24/2016 5:58:23 PM
Other countries may ... Oxford Economics think the global market reaction and fears of an EU breakup are exaggerated. Today's drops "are hard to square with the likely long-term impact on the U.K. - at worst a few percent of GDP in the long run in an ...
10 Countries Spending the Most on the Military
24/7 Wall ST - 7/10/2014 6:20:09 AM
The $619 billion military expenditure in the U.S. nearly outpaced the combined spending of every other country on this list in 2013 ... In recent years, however, U.S. military outlays fell from 4.8% of GDP in 2009 to 3.8% in 2013. Reduction in military ...
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.
Data: Global Military Expenditures
PBS - 7/7/2000 11:56:42 PM
(Source: www.sipri.org) Global military expenditures for select countries in 2006, as percentage of gross domestic product (GDP) While the U.S. spends 4% of its GDP on its military, Japan’s spending has only recently surpassed 1% of its GDP. Here is the ...
Global Military Spending ‘Unaffected By Recession’
Radio Free Europe - 2/2/2010 11:54:04 PM
Global defense ... and security spending has varied across regions and countries. Russia was the only leading country making a reduction in spending. The report says Russia's military ambitions have been hit hard by a 7.5 percent GDP contraction in 2009 ...
Global military spending increased for the first time since 2011. Would you spend the money differently?
Public Radio International - 5/13/2016 4:53:40 PM
World military ... increased their defense expenditure by 5.7 percent and 7.5 percent respectively, 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 ...
Total World Military Spending Hits $1.7 Trillion In 2015: Here's A List Of The Top 15 Spenders
Tech Times - 4/8/2016 4:56:23 AM
According Stockholm International Peace Research Institute (SIPRI), the global military spending increased by one percent from 2014. The total expenditure was 2.3 percent of the global gross domestic product (GDP ... Middle East countries had a substantial ...
Global Military Spending Fall, Despite Sharp Increases In The East
Economy Watch - 4/13/2014 11:56:34 PM
The U.S., still the world ... a greater percentage of its GDP in its military than the U.S. (4.1 percent of GDP to 3.8 percent). According to SIPRI program director Sam Perlo-Freeman, the increase in Russian spending was in line with the country ...