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
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.
Chinese military sets course to expand global reach as ‘national interests’ grow
Washington Post - 5/26/2015 4:42:48 PM
BEIJING — China said Tuesday that it plans to extend its global military reach to safeguard its economic ... Chinese officials say that the country’s declared annual defense spending is significantly below the global average when compared with the ...
Indefensible: Popular liberal publication calls American military a ‘national security threat’
BizPac Review - 5/25/2015 11:53:29 PM
Labeling America’s military as “a national security threat.” Salon insisted that the nation’s spending on national defense has imperiled our standing in the world ... that military spending as a percentage of GDP is at historic lows.
African economies grew by 3.9% GDP in 2014 amid global and regional shocks
en.starafrica.com - 5/27/2015 9:24:58 AM
Despite the negative impacts of low commodity prices, the Ebola epidemic in West Africa as well as the fundamentalist and military insurrections ... posted a 1.5 percent GDP growth from 2.2 percent in 2013. Growth in other countries in the region was ...
Harper on defence spending: 'Canada a major contributor'
Toronto Sun - 5/27/2015 7:08:57 AM
OTTAWA - There’s a trade show for military and defence contractors this week in Ottawa that is the largest of its kind in the country. More than 350 ... a pitiful 22nd in NATO on defence spending as a percentage of GDP. Our peers are Latvia, Belgium ...
World Bank: Gaza economy on ‘verge of collapse’
Jewish Telegraphic Agency - 5/22/2015 2:45:51 PM
(JTA) — Gaza’s economy, stifled by the highest unemployment rate in the world ... s GDP. “Gaza’s exports virtually disappeared, and the manufacturing sector has shrunk by as much as 60 percent,” said Steen Lau Jorgensen, World Bank country ...
World Bank Updated Forecast Predicts 2016-17 Kazakh Economic Growth Recovery
astanatimes.com - 5/22/2015 3:35:58 PM
ASTANA –The spring 2015 edition of the biannual Kazakhstan Economic Update of the World Bank ... for the country in coming years, despite external shocks and lowered demand domestically. Kazakhstan’s GDP growth slowed from 6 percent per year in 2013 ...
These few steps by Modi govt will allow India to become one of the world's top 5 economies
Firstpost - 5/26/2015 7:17:18 AM
Inflation expectations have come down not because of falling oil prices—that has only been a small contributor—but because the government compressed spending ... at nearly 1 percent of GDP. Agriculture: Nearly two-thirds of the country’s workforce ...
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 ...
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.
Global Debt is "Sinking" Economy as Populations Age in Rich Countries
Reason - 5/26/2015 10:01:56 AM
The image above charts the ratio of national debt to GDP in countries around the globe. As the U.K. Telegraph reports: The world is sinking under too ... For all the talk about draconian cuts in spending in the name of bringing government balance sheets ...
IMDEX Asia: Southeast Asian Naval Expansion And Defence Spending – Analysis
Eurasia Review - 5/23/2015 11:20:04 PM
As a result, countries surrounding ... meant that the burden of defence spending has remained manageable even as military expenditures have increased. In fact, according to SIPRI, defence spending as a percentage of GDP was more or less constant for ...
Faltering Chinese economy could cause world recession
Sun-Journal - 5/27/2015 4:17:09 AM
On any list of calamities threatening the world economy ... Consumption spending was only 37 percent of the economy (gross domestic product) in 2014, the lowest of any major country (the U.S. figure: 68 percent of GDP). If the Chinese become a bit more ...
Asia defense spending: New arms race in South China Sea
investorintel.com - 5/21/2015 8:44:57 PM
May 21, 2015 (Source: CNBC) — The Philippines, Vietnam, Indonesia, Malaysia, Thailand and Taiwan are beefing up their military in ... the region boosting expenditures—Indonesian procurement spending is expected to spike by 61 percent by 2021, for ...
Russia to rein in public spending if economic troubles continue: FM Anton Siluanov
Economic Times - 5/21/2015 4:45:45 AM
Siluanov said that he now expects a deficit of no more than 2.4 percent of GDP in 2016 - double a ... projected Russian might around the world. "(Russia) cannot possibly manage such a high rate of military spending now," Sergei Guriev, a former rector ...