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.
Is America’s military the No. 1 fighting force in the world — or not?
Market Watch - 5/27/2016 11:50:43 AM
For the first time in decades, Americans are evenly divided when asked if the U.S. has the No. 1 military in the world ... military spending is 3.5% of GDP, which puts it in 22nd place — mostly behind a crop of Middle Eastern and African countries.
Global GDP growth: Economic snapshot of China, Japan and U.S.
commdiginews.com - 5/27/2016 4:15:35 PM
The World Bank’s 2016 ... in that category with total 2015 military expenditures up 11 percent in 2015 as compared to the previous year. Overall military growth predictions for China should keep in mind that the country’s military spending numbers ...
Military Spending – From Cold War To War On Terror, Watch How America Outspends Everyone
Value Walk - 5/27/2016 11:29:15 AM
Recent spending ... percentage of global military budget until 2012, when it fell below 1990 levels. NATO’s share has continued to fall precipitously, from 58% to 52% in 2015. With most member failing to live up to their commitment to spend 2% of their ...
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 ...
MYTHS ABOUT DEFENCE SPENDING IN PAKISTAN
Pakistan Defence - 5/29/2016 4:34:41 PM
In 2013-14, twelve years later, our defence spending has gone down to 2.7 percent of GDP. Myth 4: We end up spending a very high percentage of our GDP on defence. Not true. There are at least four dozen countries ... armies in the world, Pak Army has ...
G7 leaders agree world economy "an urgent priority"
Laurel Leader-Call - 5/29/2016 12:59:56 PM
Leaders of the Group of Seven (G7) industrialized countries have kicked off the 42nd summit ... Partnership), noting that the European Union accounts for 24 percent of world GDP and around 10 percent of Japan's total trade volumes. A stark warning on ...
India Could Lose 49 Billion Dollars In GDP By Food Price Shock: UN
NDTV - 5/26/2016 9:43:04 AM
The report models the impact of a global food price shock on 110 countries to assess which countries face the greatest economic risk from this growing imbalance. In terms of the highest percentage loss to GDP ... average household spending on food commodities.
Preparations for a World Peace Congress in Berlin
PRESSENZA - 5/29/2016 2:44:19 AM
“The World ... expenditure to 2% of GDP. For Germany this means 56 Billion Euros. On the list of the states with the biggest military expenditure, Saudi Arabia now figures in third place, with great help from German weapon-producing companies. Others ...
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 ...
G7 prioritise global economic growth
NYSE Post - 5/29/2016 11:55:31 AM
Though Prime Minister Shinzo Abe's advocacy for bold and large public spending to shore up global economy has support from France and Italy, countries like Germany ... European Union accounts for 24 percent of world GDP and around 10 percent of Japan's ...
But world leaders fail to deliver the goods
La-Kabylie - 5/28/2016 10:48:06 PM
Speaking at the first ever World Humanitarian Summit in Istanbul, Erdogan said that only certain countries were sharing the ... a 12-fold increase since 2000 but still just 1 percent of global military spending, he said. Egeland explained that relief ...
India's Q4, 2015-16 GDP data due on Tuesday
Webindia 123 - 5/29/2016 3:44:35 PM
US rating agency Fitch in its latest Global Economic outlook has said that India's GDP ... to 7.9 percent in the financial year ending March 2018. India Ratings of the Fitch Group said last month it was lowering its growth forecast for the country to ...
Global growth is our urgent priority - G7
youngherald.com - 5/29/2016 12:52:47 PM
"The wording of the leaders' declaration glosses over differences on the issue of fiscal stimulus by saying each will take into account country-specific circumstances ... Union accounts for 24 percent of world GDP and around 10 percent of Japan's ...