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.
‘Brexit’ is strengthening the forces that already haunt the global economy
Economic Times - 6/28/2016 11:41:24 AM
Britain accounts for less than 4 percent of world GDP. Most people on Earth don't have a rooting ... in the last few years economists have viewed too-low inflation — which can discourage spending and investment and make debts more onerous — as the ...
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 ...
World must tackle intolerance and exclusion, says Social Progress Index
The Guardian - 6/29/2016 1:03:08 AM
Rich countries tend to do better than poorer countries but wealth alone does not explain the rankings. For example, Finland and Canada have lower GDP per capita than ... it stopped spending on the military at pretty much the same time, so Costa Rica ...
Will Brexit Forge A New Military Powerhouse?
The Daily Caller - 6/27/2016 7:27:53 PM
The United Kingdom’s decision to leave the European Union could trigger more spending on defense from both parties. Most EU countries that are part of NATO fall below the 2 percent of GDP minimum military spending requirement. While the U.K. is better ...
Merkel to Hike Military Spending
global.handelsblatt.com - 6/23/2016 10:07:07 AM
Angela Merkel on Wednesday signalled a major change in German defense policy, announcing an expansion that could boost military spending ... Defense spending as a share of GDP declined from 3.4 percent in the mid-1980s to about 1.2 percent today.
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 ...
U.S. military ties with Britain are sheltered from Brexit storm, officials say
Washington Post - 6/28/2016 6:29:26 PM
“There’s been a little bit of hysteria post-Brexit vote, as if somehow NATO’s gone, the transatlantic alliance is dissolving, and every country ... s military clout is defense spending. In 2014, the Cameron government committed to spending 2 percent ...
Global Orthodontic Supplies Industry
prnewswire.com - 6/27/2016 7:42:12 PM
Additionally, the market for Clear Aligners is analysed for the US and Rest of World ... Healthcare Spending as % of GDP by Geographic Region (2016E) (includes corresponding Graph/Chart) II-32 Table 14: Top Countries with the Highest Per Capita Healthcare ...
Third Estimate 1Q2016 GDP Revised Upward. Corporate Profits Up.
econintersect.com - 6/29/2016 4:30:43 AM
In the fourth quarter of 2015, real GDP increased 1.4 percent. The increase in real GDP in the first quarter reflected positive contributions from personal consumption expenditures (PCE ... The rest-of-the-world component of profits decreased $26.9 ...
World Bank Urges Malawi to Invest in Agricultural Resilience to Spur Economic Growth in 2017
The World Bank - 6/29/2016 3:22:08 PM
This is the message of the third Malawi Economic Monitor (MEM) titled Absorbing Shocks, Building Resilience released today by the World Bank. The MEM observes that in 2015 Malawi saw a Gross Domestic Product (GDP) growth rate of just 2.8 percent as a ...
Britain and the Arab world post Brexit
Al JAZEERA - 6/28/2016 7:02:14 AM
As Britain realigns its relationship with the countries and institutions of the European Union, we will now be more open and engaged with the world beyond its ... We will still meet the spending targets of 2 percent of GDP on defence, and 0.7 percent ...
Egypt parliament passes budget aiming for 5.2 percent growth
St. Louis Post-Dispatch - 6/29/2016 1:41:55 PM
The 2016-2017 budget anticipates a deficit of 9.8 percent ... GDP. El-Sissi, who led the military ouster of an elected Islamist president three years ago, has sharply cut fuel subsidies and says more austerity measures are needed. Egypt's military spending ...