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.
Graphic comparing navy fleets of China, Japan and other asian countries
Pakistan Defence - 10/5/2015 10:24:21 AM
LOL, we are currently spending around 1.2% of GDP on ... as a percentage of the Government budget is nearly the lowest in the world. I can't wait till we ramp up our defence spending to a level that is more in line with other major countries.
World Bank raises growth forecast for Vietnam to 6.2 pct, warns of rising debt
Thanh Nien News - 10/6/2015 4:13:55 PM
Source: World Bank. The World Bank warned that the country's outlook, though positive ... Compared to Thailand, where public debt remained moderate at 30.1 percent of GDP last year, Vietnam's public debt-to-GDP ratio soared up to 59 percent in the same ...
India may sail through global uncertainty; GDP likely to grow 7.5% in FY16: World Bank
Firstpost - 10/5/2015 2:20:34 PM
Washington: Lifted by the prospects of faster implementation of reforms and a favourable terms-of-trade shock, India is expected to weather global volatility with real GDP growth projected ... projected the country to grow 8 percent by 2017-18.
World Bank tips Malawi on economic growth: Caution on subsidies splurge
Nyasa Times - 10/6/2015 2:33:42 PM
World Bank has tipped Malawi and other sub-Saharan Africa countries who are continuing to grow ... The 2015 forecast remains below the robust 6.5 percent growth in GDP which the region sustained in 2003-2008, and drags below the 4.5 percent growth ...
World Bank cuts 2015 PH GDP growth forecast to 5.8%
Inquirer - 10/5/2015 5:48:10 PM
The Philippine economy will grow at a slower-than-expected pace in 2015 after being dragged down by lackluster government spending and weak demand for the country ... the World Bank said in a statement. The Philippine economy grew by 5.3 percent in ...
How Global Conflict Can Boost Your Portfolio
USNews - 10/6/2015 3:02:20 PM
When the world goes to war ... past couple of years despite U.S. military spending cutbacks. In the last 24 months, each of those stocks, except Boeing, substantially outperformed the broad market, gaining between 46 percent and 79 percent, excluding ...
The 10 Best Economies In The World
The Huffington Post - 10/2/2015 8:36:22 PM
The global economy ... of that GDP level. High GDP per capita might be due to conditions that cannot be necessarily maintained in the long-term such as availability of natural resources and high public spending.” Still, a country’s competitiveness ...
U.S. should charge the world for defending it
Japan Times - 10/5/2015 11:21:37 AM
Washington should stop using the Pentagon as a global welfare agency ... For devoting so little to the military the EU, minus the four countries spending more than two percent of GDP on the military, would have to kick in another percent, for roughly ...
World Bank projects SSA’s growth to slow to 3.7%
Businessday - 10/5/2015 11:53:14 PM
The 2015 forecast remains below the robust 6.5 percent growth in GDP which the region sustained in 2003-2008, and drags below the 4.5 percent growth following the global ... In some countries, the deficit was driven by large infrastructure expenditures.
Top 15 Intelligence Agencies With Biggest Budgets In The World
INSIDER MONKEY - 10/4/2015 1:24:30 PM
What are the top intelligence agencies with the biggest budgets in the world ... their countries. In order to rank intelligence agencies with highest spending (and biggest budgets), we looked into their spending patterns, the percentage of GDP spent ...
America’s Global Military Bases Actually Undermine National Security. Here’s How.
ISN ETH Zurlch - 10/6/2015 2:55:11 PM
In total, these countries probably have about 30 installations abroad, meaning that the United States has approximately 95 percent of the world’s foreign bases ... more jobs compared to equivalent military spending. Think about what $85 billion per ...
Armed and dangerous: India fifth in world's strongest armed forces
Rediff India Abroad - 10/6/2015 3:20:50 AM
While the world talks ... US far outweighs the military might of any of its close rivals and so does its defense spending worth USD 610 bn in 2014, which is far more than the combined military expenditures of the next nine countries in our index.'
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 ...
IMF cuts Philippine growth forecasts anew
Philstar - 10/6/2015 5:25:30 PM
IMF resident representative Shanaka Jayanath Peiris said the multilateral lender in its October 2015 World ... related spending and PPPs as the fiscal deficit reaches the two percent of GDP target,” he said. Last July, the IMF lowered the country ...