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.
Global economy fears hit markets again - business live
The Guardian - 9/2/2015 5:55:41 AM
Beijing’s preparation ahead of Thursday’s military parade go beyond just ... Investors are still anxious about the global economy, though, as Mike van Dulken of Accendo Markets reports: After US GDP was revised up last week and China data disappointed ...
China defense spending to double by 2020: Report
CNBC - 9/2/2015 2:16:46 PM
Countries such as Mongolia and ... accounting for around 11 percent of global defense spending and up from $176 billion in 2014. China's latest pick-me-up: A massive military parade U.S. defense spending in 2014 was far higher, at $587 billion, according ...
Renewed volatility roils global stock markets
Yahoo News - 9/2/2015 2:45:24 PM
The Australian dollar -- heavily linked to demand for the country's abundant natural ... China -- which accounts for more than 13 percent of global GDP -- is slowing. Commentators say China's high government-spending model of the past three decades is ...
The Best Countries In The World For Female Entrepreneurs
Live Trading News - 9/2/2015 1:45:09 AM
The Global Entrepreneurship and Development Institute ... The area where the UAE needs to improve the most is increasing R&D expenditure as a percentage of GDP. There is also a shortage of Tier 1 financing which refers to financial literacy, access ...
June quarter GDP at 7%: India is still fastest growing but numbers reveal growth pangs
Firstpost - 9/1/2015 11:40:28 AM
One shouldn’t get over pessimistic about the slower-than-expected growth, since even at 7 percent growth India is still the world’s fastest growing major economy. Also, the country ... started spending beginning this fiscal year but the GDP numbers ...
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.
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 ...
World's Biggest Economies Devise Plan That Spells Doom for Planet Earth
Alter Net - 9/2/2015 8:11:41 AM
Survival of the unfittest in the age of megaprojects Today we are experiencing the biggest-ever infrastructure boom, with total global megaproject spending at $6-$9 trillion annually, which amounts to 8 percent of total global GDP. To be sure, a good ...
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 ...
GLOBAL ECONOMY-China manufacturing contracts, euro zone and U.S. slows
Reuters - 9/1/2015 8:01:33 PM
The global PMI indicator combines survey data from countries including the United States ... manufacturing activities in China remain weak. We now expect GDP to grow by an annual 6.4 percent in the third quarter," ANZ bank economists said.
China, Eurozone Growth Weakens Despite World Awash With Cash
News Max - 9/1/2015 8:27:12 AM
We now expect GDP to grow by an annual 6.4 percent in the third quarter," ANZ economists said. China's data may have been affected by the closure of factories to clear Beijing's polluted skies for a military ... the global trade cycle. "The country ...
The Biggest Military Budgets As A Percentage Of GDP
econintersect.com - 7/4/2015 10:08:47 PM
U.S. military expenditure "only" amounted to 3.5 percent of GDP in 2014, despite the amount spent topping $570 billion. This chart shows estimated military expenditure as a % of GDP in selected countries in 2014.
Philippine economy picks up speed in second quarter, says IMF
Philstar - 8/24/2015 11:07:00 AM
IMF resident representative Shanaka Jayanath Peiris said the country ... first half as global demand recovers and government spending accelerates further,” Peiris said. Economic managers see GDP expanding between seven and eight percent this year.
South Africa: Infrastructure Focus Can Boost GDP By R260 Billion - Report
AllAfrica - 9/1/2015 2:46:35 PM
The country's investment in infrastructure as a percentage of GDP is 4.9%, rating among the highest in the world. The report identified several ... to ensure that the country's infrastructure spending is as productive as possible. Firstly, SA should ...