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.
Anti-tank Missile System Market to Witness Growth as a Result of Global Increase in Military Expenditure, Reports Technavio
Business Wire - 8/23/2016 2:42:33 AM
LONDON--(BUSINESS WIRE)--The global anti-tank missile system market ... This can be attributed to the significant growth in the GDP of many European countries and the consequent rise in military spending. APAC: strong economic progress to fuel the growth ...
What Percent of GDP Do Countries Spend on Their Military?
wisegeek.com - 7/17/2016 11:57:39 PM
GDP is usually calculated by adding up all of the spending within a ... strength or overall power of that military. The following table shows the countries around the world that have traditionally spend the highest percentage of their published GDP on ...
The US National Debt Load is Second-Worst in the World
mises.org - 8/24/2016 7:02:03 PM
According to the OMB, the federal debt is now at 100 percent, which makes it similar to debt levels reached during the aftermath of the second world ... a country in crisis or at war: Defenders of deficit spending, however, claim that 100 percent of GDP ...
NATO military presence in EU backed by US arms dealers
worldbulletin.net - 8/24/2016 6:59:04 AM
Now, Cody argued, Russia “is resurgent” around the world, putting pressure on U.S. allies. “Nations that belong to NATO are supposed to spend 2 percent of their GDP on defense ... increase in defense spending by NATO countries in response ...
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 ...
Global Tourism GDP Resilient This Year, but Woes for France, Turkey
newsweekme.com - 8/23/2016 10:42:09 AM
Overall, however, the global travel and tourism sector is expected to grow by 3.1 percent in 2016, faster than predicted global GDP growth of 2.3 percent, driven by increasing numbers of travellers from Asian countries ... reduction in spending on travel ...
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 ...
What Percent of Gdp Do Countries Spend on Their Military?
brainz.org - 8/20/2016 1:41:41 AM
Based on the information printed on the CIA World Factbook, the government spending ... very large 33.9 percent of its gross domestic product on its military. A list of the top spenders in the military based on the GDP is listed below: Country Percentage ...
Scottish public finance gap rises to 9.5 percent of GDP
CNBC - 8/24/2016 11:45:23 AM
Scotland's share of North Sea oil revenues crashed 97 percent to 60 million pounds in the year ... which reduce government tax revenues -- and higher public spending mean that the country still needs to address how to expand its economy beyond oil, First ...
MILITARY EXPENDITURE (% OF GDP) IN LEAST DEVELOPED COUNTRIES UN CLASSIFICATION
tradingeconomics.com - 8/21/2016 12:14:36 AM
MILITARY EXPENDITURE (% OF GDP) IN LEAST DEVELOPED COUNTRIES UN CLASSIFICATION WAS LAST MEASURED AT 2.25 IN 2014, ACCORDING TO THE WORLD BANK. MILITARY EXPENDITURES DATA FROM SIPRI ARE DERIVED FROM THE NATO DEFINITION, WHICH INCLUDES ALL CURRENT AND ...
Military Spending: U.S. vs. the Rest of the World
realclearpolicy.com - 10/6/2015 11:59:13 PM
The U.S. may want to learn from the answers provided by other countries ... percent of GDP. U.S. military spending totaled $610 billion in 2014. Had the U.S. spent 2.14 percent of GDP on the military, in line with the average from the rest of the world ...
US budget deficit approaches $600bn, public debt to reach 77% of GDP
RT - 8/24/2016 2:37:11 PM
US public debt will continue to grow and is projected at 77 percent of the country’s GDP by year-end ... Federal spending was approaching $4 trillion with Medicare/Medicaid, social security and the military being the largest budget items.
Military expenditure around the world
slideshare.net - 8/14/2013 11:57:14 PM
TheGlobalEconomy.com Newsletter - August, 2013 Military spending around the world The best available data on ... spending in millions of dollars. In 2012, countries spent about 2 percent of their GDP on the military: Military spending as percent of GDP ...