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 the military
USA Today - 7/12/2014 6:39:15 AM
In the U.S., lower military spending ... data on military expenditure in over 170 countries. We reviewed SIPRI data on military exports, imports and military expenditure as a percentage of gross domestic product. We also reviewed GDP and GDP growth figures ...
Nepal tourism generated 487k direct jobs in 2014
Ekantipur - 4/1/2015 2:17:27 AM
KATHMANDU, APR 01 - Nepal’s travel and tourism sector directly generated 487,500 jobs last year representing 3.5 percent of the total employment in the country, the World Travel ... and tourism GDP last year. Business travel spending accounted for ...
China's Double-Digit Defense Growth
Foreign Affairs - 3/20/2015 2:24:32 AM
Already, China is the second-biggest military spender in the world, having surpassed the ... officials claim, and military spending still accounts for less than 1.5 percent of the country’s GDP. They also assert that in terms of per capita military ...
10 countries spending the most on their military
Market Watch - 9/3/2014 4:53:27 AM
Although arms expenditure has actually increased in much of the world, military spending in the U.S. — which ... 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 ...
5 Countries With the Highest Military Expenditure
The Huffington Post - 11/29/2011 3:07:16 AM
After all, we would certainly expect that a large country with one of the world's largest economies like ... 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.
10 Countries Spending the Most on the Military
24/7 Wall ST - 7/10/2014 6:20:09 AM
The Stockholm International Peace Research Institute (SIPRI) measures annual military spending for most of the world’s armed countries ... military expenditure as a percentage of gross domestic product. We also reviewed GDP and GDP growth figures ...
MAULDIN: The world is on a debt binge, but there's no such thing as a free lunch
The Business Insider - 3/30/2015 7:52:06 PM
Global debt in these years has grown by $57 trillion, raising the ratio of debt to GDP by 17 percentage points (see chart ... easing ever undertaken by any developed country in the history of the world. So how’s that quantitative easing thingy working ...
Things to know about Nigeria as new president is elected in Africa's most populous country
FOX News - 3/31/2015 7:36:36 PM
ECONOMY: Crude oil drives Africa's biggest economy, funding an estimated 80 percent of all government spending ... Nigeria's prosperity and development. The country has been marked by decades of coups and military rule.
JOE WILSON: Funding our military must be a priority
North Augusta Star - 3/31/2015 11:54:17 PM
Our defense funding and military power is determined by various factors, including our economic policies, our allies’ contributions to global defense spending and the threats throughout the world ... spending was 3.5 percent of GDP, while mandatory ...
Here’s how the world is funding its armies
Global Post - 4/14/2014 7:30:31 PM
For example, since 2008, Austria, Belgium, Greece, Ireland, Italy, the Netherlands, Spain, the UK, and every country in Central Europe (except for Poland) have all cut their military ... 9.3 percent of its GDP. That’s 3.8 percent of the world’s spending.
Tourism sector expected to record faster growth of 3.7 pc
Big News Network - 3/31/2015 1:50:01 AM
World ... tourism spending. Growth of oil exporting economies like Saudi Arabia and UAE has been downgraded, even with OPEC's decision to maintain production levels. Russia is predicted to have a deep recession with GDP contracting by 6 percent on account ...
Despite cuts, NATO still accounts for most of world’s military spending
Stars and Stripes - 2/19/2014 11:55:00 PM
Despite impending cuts in the armed forces of many of its member nations, NATO remains by far the largest military force in the world ... for more than 70 percent of the total defense expenditures of NATO’s 28 member countries. The release of the ...
World Cuts Back Military Spending, But Not Asia
Inter Press Service - 4/14/2014 9:50:42 AM
WASHINGTON, Apr 14 2014 (IPS) - For the second year in a row, the world is spending a little less on ... Even Japan, which has traditionally kept its military spending to under one percent of GDP, is getting into the act. Tokyo has promised of a 2.8 ...
Tourist spending to rise 6pc this year
The Daily Star - 3/28/2015 6:07:06 PM
Spending by domestic tourists is expected to grow about 6 percent year-on-year in 2015 to Tk 51,770 crore, World Travel & Tourism ... of travel and tourism to GDP reflects the 'internal' spending within a particular country by residents and non-residents ...
Federal budget the work of liars
ABQJournal - 3/29/2015 11:56:40 PM
... spending would exceed 20 percent of GDP. Two great questions would define a genuine budget debate. How much should spending on the elderly dictate national priorities? And, how large a military does today’s perilous world require? Of course, this wo ...