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.
Anti-tank Missile System Market to Witness Growth as a Result of Global Increase in Military Expenditure, Reports Technavio
Business Wire - 8/23/2016 2:42:33 AM
LONDON--(BUSINESS WIRE)--The global anti-tank missile system market ... This can be attributed to the significant growth in the GDP of many European countries and the consequent rise in military spending. APAC: strong economic progress to fuel the growth ...
What Percent of GDP Do Countries Spend on Their Military?
wisegeek.com - 7/17/2016 11:57:39 PM
GDP is usually calculated by adding up all of the spending within a ... strength or overall power of that military. The following table shows the countries around the world that have traditionally spend the highest percentage of their published GDP on ...
NATO military presence in EU backed by US arms dealers
worldbulletin.net - 8/24/2016 6:59:04 AM
Now, Cody argued, Russia “is resurgent” around the world, putting pressure on U.S. allies. “Nations that belong to NATO are supposed to spend 2 percent of their GDP on defense ... increase in defense spending by NATO countries in response ...
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 ...
Global Tourism GDP Resilient This Year, but Woes for France, Turkey
newsweekme.com - 8/23/2016 10:42:09 AM
Overall, however, the global travel and tourism sector is expected to grow by 3.1 percent in 2016, faster than predicted global GDP growth of 2.3 percent, driven by increasing numbers of travellers from Asian countries ... reduction in spending on travel ...
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 ...
What Percent of Gdp Do Countries Spend on Their Military?
brainz.org - 8/20/2016 1:41:41 AM
Based on the information printed on the CIA World Factbook, the government spending ... very large 33.9 percent of its gross domestic product on its military. A list of the top spenders in the military based on the GDP is listed below: Country Percentage ...
Sri Lankan reforms aims to simplify tax, increase base, compliance -minister
Yahoo Finance - 8/24/2016 5:50:28 PM
The island nation's tax revenue has steadily declined to 10.2 percent of gross domestic product (GDP) in 2014 from around ... in revenue administration and tighten expenditure management. It has also urged the country to eliminate tax exemptions, and ...
Military Spending: U.S. vs. the Rest of the World
realclearpolicy.com - 10/6/2015 11:59:13 PM
The U.S. may want to learn from the answers provided by other countries ... percent of GDP. U.S. military spending totaled $610 billion in 2014. Had the U.S. spent 2.14 percent of GDP on the military, in line with the average from the rest of the world ...
Military expenditure around the world
slideshare.net - 8/14/2013 11:57:14 PM
TheGlobalEconomy.com Newsletter - August, 2013 Military spending around the world The best available data on ... spending in millions of dollars. In 2012, countries spent about 2 percent of their GDP on the military: Military spending as percent of GDP ...
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 ...
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.
US world's biggest military spender by far: study
alarabiya.net - 6/8/2008 11:54:33 PM
or GDP, and 202 dollars for each of the world's 6.6 billion people. The United States spends by far the most towards military aims, dishing out 547 billion dollars last year, or 45 percent of global expenditure, and more than all the other countries in the ...