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.
Saudi Arabia's Advanced, Powerful Military Faces ISIS Threat In Wake Of King Abdullah's Death
International Business Times - 1/23/2015 11:37:42 AM
According to the SIPRI report, Saudi Arabia devoted around $67 billion to its military in 2013, around 9.3 percent of its GDP, up from $58 billion the previous year. That makes the Sunni kingdom the biggest spender on defense in the world as a percentage ...
PH GDP likely rebounded in Q4 - Moody's Analytics
ABS-CBN News - 1/23/2015 3:52:25 AM
MANILA – The Philippine economy likely rebounded in the fourth quarter of 2014 driven by the boost in consumer spending and steady ... Moody’s Analytics said the country’s gross domestic product (GDP) could have grown 6.1 percent in the last quarter ...
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 ...
Israel's military is being badly outspent in the Middle East
American Thinker - 1/20/2015 7:16:24 AM
Left-of-center media reports often focus on the percentage of GDP that Israel spends on its military ... figures show... State spending is more than six times what industrialized nations and Arab countries drop, on average... Almost a fifth of Israel's ...
Shorting China Based On GDP Growth Rate Projections Is Highly Risky
Seeking Alpha - 1/23/2015 10:40:26 AM
In fact, the country recorded ... around the world. Certain sectors such as commodities are especially sensitive to whatever goes on in China. (click to enlarge) For the fourth quarter of 2014, GDP growth rate came in at 7.3 percent. GDP growth rate ...
The fast lane: Economic cost of terror
Financial Express - 1/24/2015 7:21:48 PM
This year, the World ... military sectors in the wake of a terror attack. Both these aspects have a prominent impact on the economy of the country which enforces them. Increasing the budget of the military sector is inevitable, but also takes a toll on the ...
World Military Strength, The 15 countries with the highest military expenditure
Indian Defence - 3/26/2014 11:56:26 PM
from the International Monetary Fund’s (IMF) World Economic Outlook database, Oct. 2012. b, The figures for military expenditure at PPP exchange rates are estimates based on the projected implied PPP conversion rates for each country from the IMF World ...
Canada's foreign aid spending shrinking: Official
CP24 - 1/24/2015 7:18:49 AM
The report says that in the first six months of the last fiscal year, spending on poverty reduction shrank 23 per cent. It also says Canada's overall foreign aid as a percentage of GDP has dropped ... Canada and other rich countries meet when he shared ...
US and UK Push for NATO Countries to Increase Military Spending
telesur - 9/3/2014 11:58:46 PM
Germany and Canada reject proposal for spending to be set at 2% of GDP ... The UK and US proposed a plan calling for NATO countries to boost military expenditure to the two percent of GDP but the proposal did not reach the negotiating table, as countries ...
Afghanistan, Iraq Direct War Spending To Date: $1.7 Trillion (and Counting)
Reason - 1/23/2015 9:57:29 AM
“In Iraq and Syria, American leadership — including our military power — is stopping ISIL ... a one-time cost for an Iraq war of about $50 billion—about 0.5 percent of GDP—and [Michael] O'Hanlon of the Brookings Institution has estimated ...
Despite cuts, NATO still accounts for most of world’s military spending
Stars and Stripes - 2/19/2014 11:55:00 PM
Despite impending cuts in the armed forces of many of its member nations, NATO remains by far the largest military force in the world ... for more than 70 percent of the total defense expenditures of NATO’s 28 member countries. The release of the ...
Data: Global Military Expenditures
PBS - 7/7/2000 11:56:42 PM
... for select countries in 2006, as percentage of gross domestic product (GDP) While the U.S. spends 4% of its GDP on its military, Japan’s spending has only recently surpassed 1% of its GDP. Here is the rest of the world, ranked by military ...
Likely victors in Greek election may pull nation out of eurozone
Reuters - 1/24/2015 10:24:56 AM
They also vow to renegotiate the country’s debt – and threaten to leave the euro zone if they cannot do this. There is precedent for this. If a portion of Germany’s World War ... less than 2 percent of the European Union’s overall GDP.
Winners in Greek poll may pull out of eurozone
Deccan Herald - 1/24/2015 8:11:55 PM
They also vow to renegotiate the country’s debt – and threaten to leave the eurozone if they cannot do this. There is precedent for this. If a portion of Germany’s World War ... less than 2 percent of the European Union’s overall GDP.