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.
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 7:34:21 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 ...
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 ...
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 ...
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. government will have no money to spend on military, infrastructure by 2027
Personal Liberty Digest - 10/6/2015 7:48:40 PM
“There won’t be a dollar left to run government, military ... product (GDP) — a higher percentage than at any point in U.S. history except a seven-year period around World War II. It’s time for some serious government spending controls to be ...
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.'
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.
World Bank cuts Asia growht forecast, Thailand slashed to 2.5%
Thailand Business News - 10/5/2015 12:33:12 PM
says the World Bank in its latest regional report Thailand has the lowest GDP growth forecast (2.5%) among Asean countries ... and private spending. Looking ahead, growth in developing EAP is expected to ease, from 6.8 percent in 2014 to 6.5 percent ...
The 10 Most Competitive Countries in the World
GoldSeek - 10/6/2015 6:37:05 PM
Since 1979, the World Economic Forum (WEF ... estimates by the IMF (International Monetary Fund), which led to a 40 percent increase in Russia’s GDP when valued at PPP.” The country that plummeted the most was one of India and Russia’s fellow ...
Pakistan’s GDP to grow by 4.5% in current fiscal year, WB forecasts
Pakistan Today - 10/6/2015 6:58:34 PM
GDP growth of Pakistan is much lesser than its neighbouring countries like India 7.3 percent, Bangladesh 6.5 percent and Sri Lanka 5.6 percent, the report added. In its South Asian Growth report, the World Bank ... public spending and greater competitiveness.