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
Graphic comparing navy fleets of China, Japan and other asian countries
Pakistan Defence - 10/5/2015 10:24:21 AM
LOL, we are currently spending around 1.2% of GDP on ... as a percentage of the Government budget is nearly the lowest in the world. I can't wait till we ramp up our defence spending to a level that is more in line with other major countries.
India may sail through global uncertainty; GDP likely to grow 7.5% in FY16: World Bank
Firstpost - 10/5/2015 2:20:34 PM
Washington: Lifted by the prospects of faster implementation of reforms and a favourable terms-of-trade shock, India is expected to weather global volatility with real GDP growth projected ... projected the country to grow 8 percent by 2017-18.
World Bank cuts 2015 PH GDP growth forecast to 5.8%
Inquirer - 10/5/2015 5:48:10 PM
The Philippine economy will grow at a slower-than-expected pace in 2015 after being dragged down by lackluster government spending and weak demand for the country ... the World Bank said in a statement. The Philippine economy grew by 5.3 percent in ...
World Bank projects SSA’s growth to slow to 3.7%
Businessday - 10/5/2015 11:53:14 PM
The 2015 forecast remains below the robust 6.5 percent growth in GDP which the region sustained in 2003-2008, and drags below the 4.5 percent growth following the global ... In some countries, the deficit was driven by large infrastructure expenditures.
Armed and dangerous: India fifth in world's strongest armed forces
Rediff India Abroad - 10/6/2015 3:20:50 AM
While the world talks ... US far outweighs the military might of any of its close rivals and so does its defense spending worth USD 610 bn in 2014, which is far more than the combined military expenditures of the next nine countries in our index.'
The 10 Best Economies In The World
The Huffington Post - 10/2/2015 8:36:22 PM
The global economy ... of that GDP level. High GDP per capita might be due to conditions that cannot be necessarily maintained in the long-term such as availability of natural resources and high public spending.” Still, a country’s competitiveness ...
U.S. should charge the world for defending it
Japan Times - 10/5/2015 11:21:37 AM
Washington should stop using the Pentagon as a global welfare agency ... For devoting so little to the military the EU, minus the four countries spending more than two percent of GDP on the military, would have to kick in another percent, for roughly ...
Top 15 Intelligence Agencies With Biggest Budgets In The World
INSIDER MONKEY - 10/4/2015 1:24:30 PM
What are the top intelligence agencies with the biggest budgets in the world ... their countries. In order to rank intelligence agencies with highest spending (and biggest budgets), we looked into their spending patterns, the percentage of GDP spent ...
Pakistan’s GDP to grow by 4.5% in current fiscal year, WB forecasts
Pakistan Today - 10/5/2015 8:11:20 PM
GDP growth of Pakistan is much lesser than its neighbouring countries like India 7.3 percent, Bangladesh 6.5 percent and Sri Lanka 5.6 percent, the report added. In its South Asian Growth report, the World Bank ... public spending and greater competitiveness.
World Bank tips Malawi on economic growth: Caution on subsidies splurge
Nyasa Times - 10/6/2015 8:00:00 AM
World Bank has tipped Malawi and other sub-Saharan Africa countries who are continuing to grow ... The 2015 forecast remains below the robust 6.5 percent growth in GDP which the region sustained in 2003-2008, and drags below the 4.5 percent growth ...
World Bank cuts Asia growht forecast, Thailand slashed to 2.5%
Thailand Business News - 10/5/2015 12:33:12 PM
says the World Bank in its latest regional report Thailand has the lowest GDP growth forecast (2.5%) among Asean countries ... and private spending. Looking ahead, growth in developing EAP is expected to ease, from 6.8 percent in 2014 to 6.5 percent ...
World Bank raises growth forecast for Vietnam to 6.2 pct, warns of rising debt
Thanh Nien News - 10/6/2015 10:01:41 AM
Source: World Bank. The World Bank warned that the country's outlook, though positive ... Compared to Thailand, where public debt remained moderate at 30.1 percent of GDP last year, Vietnam's public debt-to-GDP ratio soared up to 59 percent in the same ...
Economic tug of war looms in 2016
ABQJournal - 10/6/2015 4:46:44 AM
After the 2008-09 financial crisis, the consensus was that the New World ... countries are only about 4 percent of the economy (gross domestic product). Any loss of exports can be overwhelmed by higher consumer spending, which is nearly 70 percent of GDP.
Sub-Saharan Africa’s growth to slow 3.7% in 2015 - World Bank
World Stage - 10/5/2015 2:49:12 PM
WorldStage Newsonline-- The World ... countries hampered economic growth in 2015." The report titled - the Challenge of Sustaining Growth amid Weak Global Conditions, revealed that the 2015 forecast remained below the robust 6.5 percent growth in GDP ...
Israeli exports hit hard by Palestinian boycott, World Bank says
Electronic Intifada - 10/1/2015 11:57:59 PM
But the trade deficit stands at 38 percent of GDP, which is “extraordinarily high.” The trade deficit describes when a country’s imports ... economy,” the World Bank states. In other words, an end to the Israeli military occupation would allow ...