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, 2012See also: Military expenditures - percent of GDP map
Countries spending the most on war
USA Today - 4/25/2015 8:29:51 AM
as well as a percentage of government spending. We also looked at GDP and GDP growth figures from the International Monetary Fund (IMF). In addition, we reviewed 2013 military personnel figures from the World Bank. These are the countries spending the most ...
U.S. Military Spending Is Greater Than Next Seven Top-spending Countries Combined, Report Says
HNGN - 4/22/2015 1:31:05 AM
When it comes to military spending as a share of a country's gross domestic product, Saudi Arabia placed first, spending 10.4 percent of its GDP, or $84.5 billion, mostly spent buying U.S. weapons including state-of-the-art F-15 fighters and attack ...
The world’s biggest military spenders
businesstech.co.za - 4/23/2015 6:16:13 AM
Total expenditure was equivalent to 2.3% of global gross domestic product (GDP). This is the third consecutive ... placed China (US$216 billion). The world leader’s military budget is bigger than the next seven countries combined, and accounts for ...
US Defense Secretary: Europe needs to increase its military spending
The Business Insider - 4/22/2015 3:28:36 PM
WASHINGTON (Reuters) - Europe should be spending more on its military given the security challenges ... the 28 NATO partners renewed their commitment to the goal of each country spending 2 percent of GDP on defense. But only four countries - Estonia ...
U.S. Defense Industry Outperforms S&P by 100 Percent
Yahoo Finance - 4/20/2015 9:43:12 PM
The article pointed out, as others have, that the primary beneficiaries of the increased demand for planes, missile, tanks, and other military ... with several countries in the region dedicating more than 5 percent of their GDP to defense spending, while ...
World crises may be multiplying, but campaign turns Britain further inward
Washington Post - 4/25/2015 9:08:38 PM
LONDON — Less than two weeks before British elections, the race remains wide open, with half a dozen or more plausible permutations of what this country ... spending 2 percent of GDP on defense, and there is every indication that whoever wins, military ...
China, Russia military spending surges
Military Times - 4/14/2015 8:31:34 PM
Altogether, military spending by the top 15 countries in 2014 came to about $1.4 trillion, representing about 80 percent of worldwide military spending. China tops the world for its increase in military spending from 2007 to 2014, by percentage ...
The 10 healthiest countries in the world
Market Watch - 4/23/2015 5:54:45 AM
with patient fees covering only a very small percentage of health costs. The country’s annual health expenditures totaled $5,319 per capita, the 10th highest spending world-wide. The high health-care spending and strong coverage have resulted in good ...
Scared By Russia, Eastern European Countries Rush To Spend On Defense
International Business Times - 4/14/2015 12:24:49 PM
According to the SIPRI report on trends in world military expenditure in 2014 ... outside the United States that spent at least 2 percent of its GDP on defense last year was another formerly communist country: Estonia, which was part of the Soviet ...
U.S. Military Spending Continues to Soar
Product Design & Development - 4/22/2015 8:54:53 AM
the U.S. still spends 45 percent more on defense than it did before the Sept. 11, 2001 terrorist attacks. The U.S. still devotes more on its military than the next seven countries who are in the top eight in spending. China, who is second in the world in ...
Saudi Arabia boosts military spending to record level
CNN Money - 4/13/2015 12:47:28 PM
... on its military last year -- the fourth highest total in the world. That represents more than 10% of Saudi GDP -- a bigger share than any country other than Oman. Global military spending was mostly flat last year, but the Middle East and much of ...
Warning issued on risk of UK military procurement errors
Financial Times - 4/27/2015 9:39:04 AM
“In a world where there is not enough money, we have to reserve it for areas where we can make a critical difference,” he said. Still, he acknowledged that equipping the military is becoming increasingly difficult. “Spending 2 per cent of GDP would . . .
Fact Check: How Much of the UK Budget is Spent on Defence?
econintersect.com - 4/23/2015 11:19:51 PM
Looking at past expenditure, the claim was on the low ... The relatively high share of GDP spent by the UK on defence reflects the country’s world military role. This has led to the acquisition of a nuclear deterrent (Trident), nuclear-powered submarines ...
Global Military Spending: US Still Biggest Spender
International Business Times - 4/14/2015 4:49:40 PM
Arms spending have been high on the list for China, Russia and Saudi Arabia as the three countries ... report said the military spending of the U.S. is still 45 percent higher than 2001. The US accounted for 34 percent of last year’s world military ...
Saudi military spending rose 17 percent in 2014: study
Yahoo News - 4/12/2015 9:59:51 PM
STOCKHOLM (Reuters) - Saudi Arabia's military spending grew 17 percent in 2014 to $80.8 billion, data from the Stockholm International Peace Research Institute (SIPRI) showed on Monday, the biggest annual hike by any of the world's top 15 military spenders.