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.
The Donald’s Dangerous Dismissal of NATO Allies
The National Review Online - 7/25/2016 3:59:53 AM
This vision of a U.S.-led global ... of devoting 2 percent of GDP to defense spending. David Sanger of the Times asked, “Can the members of NATO, including the new members in the Baltics, count on the United States to come to their military aid if ...
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 ...
Asia’s Oldest Railway Plans More Debt Than GDP of Some Nations
Bloomberg - 7/24/2016 11:42:11 PM
The world’s fourth-largest railroad aims to pour 8.6 trillion ... Prime Minister Narendra Modi’s administration is relying on government spending and debt for the bulk of the five-year upgrade. Roughly 1 trillion rupees is expected to come from the ...
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 ...
China health-care reform to save 3% of GDP, WB says
BusinessMirror. - 7/23/2016 3:22:18 PM
Without such measures, the World Bank projects that health expenditure in China will increase in real terms from 3.5 trillion yuan ($529 billion) last year to 15.8 trillion yuan in 2035, and from 5.6 percent of GDP to ... high-income countries, the 200 ...
CBO: Debt to Double as Percentage of GDP Over Next 30 Years
The Washington Free Beacon - 7/13/2016 9:07:37 AM
which would be the highest ratio of debt to GDP ever recorded. The current high ratio of 106 percent was recorded just after World War II. The debt is projected to increase because the government is spending outside of its means, especially on entitlement ...
Overspending Spain and Portugal await EU fate
worldbulletin.net - 7/27/2016 5:59:12 AM
Under bloc rules, the EU executive can impose fines of up to 0.2 percent of national gross domestic product (GDP) -- but to date it has not dared ... bloc and would be an embarrassing blow to the two countries, both big users of the EU money.
Column: Trump ignores the reason America defends the world
The Oakland Press - 7/26/2016 9:49:28 AM
His fervid plans to “take out” terrorists’ family members and to ban Muslim U.S. citizens from re-entering the country ... which already spends 2.1 percent of GDP — and Germany are both ramping up their military budgets. Second, Trump’s ...
New Report Recommends People-Centered Integrated Care as Focus of China’s Health Reform
The World Bank - 7/22/2016 7:59:40 AM
would increase health spending by 8.4 percent a year from 2015 to 2020, faster than the projected GDP growth of 6.5 percent a year. “Decades ago, China’s innovations in health such as barefoot doctors and cooperative health care showed the world it was ...
Countries Spending the Most on Military
The Wall Street Journal - 6/27/2013 7:10:34 PM
It's no secret that the U.S. spends a lot of money on its military. But how much? And how does it stack up against military spending by other countries? MarketWatch's Jim Jelter takes a look. (Photo: Getty Images)
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.
Data: Global Military Expenditures
PBS - 7/7/2000 11:56:42 PM
(Source: www.sipri.org) Global military expenditures for select countries in 2006, as percentage of gross domestic product (GDP) While the U.S. spends 4% of its GDP on its military, Japan’s spending has only recently surpassed 1% of its GDP. Here is the ...