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.
Is America’s military the No. 1 fighting force in the world — or not?
Market Watch - 5/27/2016 11:50:43 AM
For the first time in decades, Americans are evenly divided when asked if the U.S. has the No. 1 military in the world ... military spending is 3.5% of GDP, which puts it in 22nd place — mostly behind a crop of Middle Eastern and African countries.
Military Spending – From Cold War To War On Terror, Watch How America Outspends Everyone
Value Walk - 5/27/2016 11:29:15 AM
Recent spending ... percentage of global military budget until 2012, when it fell below 1990 levels. NATO’s share has continued to fall precipitously, from 58% to 52% in 2015. With most member failing to live up to their commitment to spend 2% of their ...
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 ...
India can be a powerful driver of world economy: Arun Jaitley
Firstpost - 5/31/2016 1:19:02 PM
"the ability of China to shoulder that percentage of growth may not be there and therefore the world also is now looking for other shoulders to rest its growth on. "And since we have a lot of infrastructure deficit and expenditure still to undertake ...
India pulls ahead as world’s fastest growing large economy
Euronews - 5/31/2016 2:30:37 PM
India has extended its lead as the world’s fastest growing large economy. Interest rates at a five-year low and cooling inflation have pushed up consumer spending which helped the country ... Chinese GDP was up by 6.7 percent in the same period.
NATO urges members to stand up to 'Russian military assertiveness'
dw.com - 5/30/2016 6:06:33 PM
NATO has urged member nations to stand up to what it calls "Russia's military assertiveness ... to increase defense spending to at least 2 percent of GDP. Germany is ready to take on a bigger military role to maintain global security, according to ...
Floods, political change hamper Myanmar growth: World Bank
Channel News Asia - 5/31/2016 6:45:20 AM
It was a transformative moment for a nation and its economy, which withered under the former military government ... Myanmar's GDP growth during the 2015/16 financial year at seven percent - still in the top tier of the world's fastest growing economies ...
MYTHS ABOUT DEFENCE SPENDING IN PAKISTAN
Pakistan Defence - 5/29/2016 4:34:41 PM
In 2013-14, twelve years later, our defence spending has gone down to 2.7 percent of GDP. Myth 4: We end up spending a very high percentage of our GDP on defence. Not true. There are at least four dozen countries ... armies in the world, Pak Army has ...
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 ...
Countries Spending the Most on Military
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.
10 Countries Spending the Most on the Military
24/7 Wall ST - 7/10/2014 6:20:09 AM
The $619 billion military expenditure in the U.S. nearly outpaced the combined spending of every other country on this list in 2013 ... In recent years, however, U.S. military outlays fell from 4.8% of GDP in 2009 to 3.8% in 2013. Reduction in military ...
Global military spending increased for the first time since 2011. Would you spend the money differently?
WVTF Public Radio - 5/13/2016 11:05:53 PM
World military ... increased their defense expenditure by 5.7 percent and 7.5 percent respectively, to 13.7 percent and 5.4 percent of their GDP respectively. According to SIPRI, the surge in military spending in many countries was caused by heightening ...