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
60 percent population living below poverty line: World Bank report
Business Recorder - 5/19/2013 12:22:52 AM
The country's military expenditures are reported at 3 percent of the GDP during 2011 and stock market capitalisation 15.6 per cent and domestic credit provided by the banking sector 43.3 percent of the GDP for the period. The tax revenue ...
Economists predict increase in consumer spending
US News and World Report - 5/20/2013 7:12:41 PM
The economists predict that the U.S. economy will grow 2.4 percent this year and 3 ... Lower government spending, especially by the military, "has already had a sharp effect on GDP growth," she said. GDP, or gross domestic product, is the ...
Abe’s Resurgent Japan Hurt by Lack of Business Spending
Bloomberg - 5/20/2013 10:33:07 PM
Corporate spending last quarter was the lowest since the second quarter of 2011, subtracting 0.3 percentage point from GDP. In the meantime, Abe’s measures have forced trading partners to deal with the weaker yen, which makes Japanese goods ...
Hold On, Japan Still Missing Key Pillar of Growth
CNBC - 5/16/2013 3:11:03 AM
Capital spending, which accounts for around 15 percent of the country's gross domestic product (GDP), is an important indicator of business confidence. "Companies are still cautious about ramping up investment and you really need to see a higher level of ...
Russian GDP Expands 1.6% as Economy Slows for Fifth Quarter (2)
Businessweek - 5/17/2013 12:28:13 PM
That’s prompting companies to trim investment, while government spending on ... weakening 0.4 percent against the central bank’s target basket of dollars and euros. It was little changed at 35.4228. The GDP slowdown prompted the Economy ...
Japan records better-than-forecast 3.5 percent GDP growth in first quarter
Gant Daily - 5/16/2013 12:22:15 PM
The country’s gross domestic product (GDP ... market fueled by the possibility of rising inflation. The rise in GDP is the fastest pace since reconstruction spending led to a 5.3 percent revised figure in the first quarter of 2012.
IMF Says Bahrain’s Growing Debt May Be Unsustainable by 2018
Bloomberg - 5/16/2013 9:16:08 AM
Bahrain must urgently cut spending or risk unsustainable public debt as its fiscal deficit widens and oil prices decline, according to the International Monetary Fund. The smallest Gulf crude producer needs “gradual fiscal consolidation ...
Chile GDP grows less as mining investments slows
Mineweb - 5/21/2013 11:14:53 PM
The slowdown comes as Chile approaches developed nation status, as measured by a GDP per capital of $22,000 on a purchasing power parity bases. According to data from the International Monetary Fund, Chile will have a GDP per capita of $19,475 this year.
BIPARTISAN MADNESS AND THE NEED TO CUT MILITARY SPENDING
American Reporter - 5/21/2013 3:12:17 AM
But to get this and still meet their cherished goal of cutting taxes for the weazlthy even further, they would have to cut the budgets of virtually every domestic spending program. Why? On Jan. 1, 2013, the Bush tax cuts on high-income filers expire ...
President calls for increasing expenditure on research
Webindia 123 - 5/11/2013 12:49:39 PM
India spends only 0.9 percent of its GDP ... expenditure on research to pursue innovation in a big way," he said. Appealing to the private sector to increase expenditure on research, Mukherjee said: "The private sector, which contributes one-fourth of our ...
The World's 5 Most Debt-Ridden Countries
The Motley Fool - 5/18/2013 1:31:27 PM
Ireland's debt could fall out of the top 5 if the country's growth outpaces spending, but for now ... Italian debt to fall less than 7 percentage points over the next five years. No. 2: Greece, 179% Debt/GDP Ah, Greece. We were all wondering when ...
Study: U.S. has world’s most costly legal system
Legal News Line - 5/17/2013 3:27:10 PM
The study, released by the U.S. Chamber’s Institute for Legal Reform Tuesday, compared liability costs as a percentage of Gross Domestic Product, or GDP, using general ... including the mix of businesses in a country, spending on government social ...
Future of the Brazilian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018
International Business Times - 5/16/2013 11:17:49 AM
Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2012 Figure 23: Brazilian Defense Imports by Country (%), 2008-2012 Figure 24: Brazilian Defense Imports by Category (%), 2008-2012 Figure 25: Brazilian Defense Exports By Value ...
From Here to Eternity: The Outlook for Fiscal Adjustment in Advanced Economies
International Monetary Fund - 5/19/2013 11:53:02 PM
My presentation will be based on our Fiscal Monitor, the IMF publication that we introduced in 2010 to monitor fiscal ... Unfortunately such a technology does not exist. Things are made more difficult by three factors. First, in the past ...
IMF Mission Concludes the 2013 Article IV Mission to the Republic of Congo
International Monetary Fund - 5/13/2013 7:35:18 PM
While the current account is expected to improve, the country remains vulnerable to adverse ... reflect a shortfall in oil revenue equivalent to 4.8 percent of non-oil GDP, a reduction in government spending, as well as much higher-than-anticipated ...