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, 2012
See also: Military expenditures - percent of GDP mapRelated News
60 percent population living below poverty line: World Bank report
Business Recorder - 5/18/2013 11:04:07 PM
Sixty percent of Pakistan's population is living below poverty line, a World Bank report entitled World Development ... A comparison of regional countries showed that the poverty rate in Sri Lanka and Nepal was significantly less than Pakistan ...
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 ...
Resurgent Japan Under Abe Impeded by Lack of Business Spending
Businessweek - 5/21/2013 12:20:29 AM
As Japan’s cherry trees bloomed and the stock market soared, Kohetsu Watanabe flew to a blossom-viewing party in Tokyo hosted by Prime Minister Shinzo Abe to tell the premier personally how bad things really are. When the head of machine-parts ...
Economists predict increase in consumer spending
US News and World Report - 5/20/2013 10:15:49 AM
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 ...
IMF Says Bahrain’s Growing Debt May Be Unsustainable by 2018
Businessweek - 5/16/2013 4:04:09 PM
Bahrain’s economic growth slowed in 2011 after the government declared a state of emergency and relied on military ... government spending, and Bahrain’s current account remained “strong” at an estimated 18.2 percent of GDP, the IMF ...
Russian GDP Growth at 1.6% as Economy Weakest Since 2009
Bloomberg - 5/17/2013 2:15:36 PM
Russia’s economy grew at the weakest pace since 2009 in the first quarter as the euro area’s longest recession hurt demand for commodity exports and investment at companies including OAO Gazprom cooled. Gross domestic product rose 1.6 ...
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 ... 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.
BIPARTISAN MADNESS AND THE NEED TO CUT MILITARY SPENDING
American Reporter - 5/21/2013 3:12:17 AM
One might be the amount of money that the United States spends on its military. More than two decades ... along with spending reductions - would immediately cut the federal budget deficit in half, according to the Congressional Budget Office.
The World's 5 Most Debt-Ridden Countries
The Motley Fool - 5/18/2013 3:47:28 PM
No economic conversation has captured the public's eye quite like the explosion of national debt. From the U.S. to Europe to Asia, leading economies have staved off the worst of the recession by incurring runaway debts that have blossomed to the ...
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 ...
Chile GDP grows less as mining investments slows
Mineweb - 5/21/2013 7:01:21 AM
While mining output accelerated in the first quarter, investment growth eased with companies such as Teck Resources Ltd. and Anglo American Plc suspending some projects because of rising costs and falling metal prices. “It’s a deceleration, but a ...
UPDATE 1-NZ ups 2015 surplus on moderate growth, starts spending
Reuters - 5/16/2013 2:28:06 AM
Government net debt is seen peaking at 28.7 percent of GDP in 2014/15 ... but the country was still outperforming most other developed economies. In December, the government reiterated the need for spending controls and cut growth forecasts ...
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 ...
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 ...
U.S. Legal System Is World’s Most Costly: Study
Claims Journal - 5/16/2013 3:49:50 PM
The study compared liability costs as a percentage of GDP using general liability insurance sold ... in liability costs including the mix of businesses in a country, spending on government social programs, and the cost of private healthcare.
