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.
This remarkable chart shows how U.S. defense spending dwarfs the rest of the world
Washington Post - 2/9/2016 4:26:09 AM
On a grand scale, the report showed – yet again – that U.S. military spending easily dwarfed the rest ... in the report and among the largest budgets as a percentage of GDP in the entire world. There have been some disputes over whether Saudi ...
5 Countries With the Highest Military Expenditure
The Huffington Post - 11/29/2011 2:10:00 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 ...
Which country has the world's best healthcare system?
The Guardian - 2/9/2016 6:56:28 AM
We compare the systems in some of the world’s leading countries for healthcare. Data: France scores highly on GP numbers and on spending as a percentage of GDP, but it comes off badly in the Commonwealth Fund’s international comparison reports ...
Would Hillary Clinton, Ted Cruz, Donald Trump, or Bernie Sanders Stop America From Being World Police?
Reason - 2/9/2016 1:51:39 PM
Despite the end of active engagements in Iraq and Afghanistan, the IISS Military Balance, a report that looks at global defense-related trends ... partners of NATO now meet the agreed spending aim of 2 percent of GDP, leaving a gap of almost $100 billion ...
Obama budget proposes increases in military, security spending
World Socialist Web Site - 2/10/2016 7:31:04 AM
Overall military spending will continue to escalate, with the total proposed Pentagon budget set at $582.7 billion. Each of the three main military departments will have larger budgets than any other country ... deficit as a percentage of GDP will jump ...
Ghana: Corruption Will Cost Nigeria 30 Percent of GDP By 2030 - Report
AllAfrica - 2/9/2016 3:46:11 PM
especially through smaller tax base and inefficient government expenditure. PwC studies estimate Nigeria's tax revenues at 8% of GDP, which is the lowest for comparison countries; weak investment, especially Foreign Direct Investment explaining that it's ...
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 ...
Turkish defense, security spending soars
Today's Zaman - 2/8/2016 4:08:51 PM
revealed that Turkey's defense expenditure, as a percentage of gross domestic product (GDP), already stands at around 2.3 percent of GDP, ranking it ninth in the world. Turkey's conscription-based military model was also cited as a driver for the increase ...
2016 global economy in perspective, by Obstfeld
The Guardian - Nigeria - 2/8/2016 2:11:19 AM
But with some exceptions (such as India), emerging and developing countries continued to slow in the face ... During the 1980s, emerging and developing economies accounted for around 36 percent of global GDP (measured in purchasing power parity, or PPP ...
Remarks by World Bank Group President Jim Yong Kim at the World Government Summit
The World Bank - 2/9/2016 8:58:10 AM
World Bank Group President Jim Yong ... Since 2003, Bolsa Familia has been responsible for up to 21 percent of the country’s decline in inequality. And the total cost of the program is only 0.6 percent of GDP. Here in Dubai, input from communities ...
West’s military superiority on global stage withering away – report
RT - 2/10/2016 7:38:14 AM
The study, which is titled “Military Balance 2016,” examines the military and defense spending capabilities of 171 countries across the globe ... Kremlin’s defense budget for 2015 sparked a 20 percent increase in military spending worldwide, while ...
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.