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
60 percent population living below poverty line: World Bank report
Business Recorder - 5/19/2013 12:22:52 AM
Sixty percent of Pakistan's population is living below poverty line, a World Bank report entitled ... year is forecast at 3.9 percent. The country's military expenditures are reported at 3 percent of the GDP during 2011 and stock market ...
The US National Spending and Debt
Yahoo! Finance - 5/22/2013 10:34:55 AM
Historically, the U.S. economy has grown comfortably in the 4-5% range since the 1950s, yet we have only seen ... The historical data tells us that for over 60 years, government has struggled to spend less than it takes in, making balanced ...
The World's 5 Most Debt-Ridden Countries
The Motley Fool - 5/18/2013 3:47:28 PM
No economic conversation has captured the public's eye quite like the explosion of national debt. From the U.S. to Europe to Asia, leading economies have staved off the worst of the recession by incurring runaway debts that have blossomed to the ...
econintersect.com - 5/23/2013 3:45:42 AM
Japan’s gross domestic product (GDP) only grew 1 percent in the fourth quarter, another dismal showing in a decades-long period of stagnation. However, earlier this week the government reported that the country’s economy grew by an ...
Uganda: High Military Expenditure Does Not Guarantee Security
AllAfrica - 5/22/2013 4:51:19 AM
An overview of the Budget Framework Paper (BFP) for financial year 2013/2014 brings out glaring contradictions in government priorities. One of the government objectives outlined in the BFP is human development, but the commitment in terms of resource ...
IMF Says Bahrain’s Growing Debt May Be Unsustainable by 2018
Businessweek - 5/16/2013 4:04:09 PM
Bahrain must urgently cut spending or risk unsustainable ... “strong” at an estimated 18.2 percent of GDP, the IMF report said. The nation’s economy may expand 4.2 percent in 2013, the IMF said in its World Economic Outlook in April ...
Economists predict increase in consumer spending
US News and World Report - 5/20/2013 7:12:41 PM
The economists predict that the U.S. economy will grow 2.4 percent this year and 3 ... Lower government spending, especially by the military, "has already had a sharp effect on GDP growth," she said. GDP, or gross domestic product, is the ...
Dominican Republic's 2012 Fiscal Deficit up 8.5% of GDP
MENAFN - 5/17/2013 11:55:25 PM
the IMF said following its Executive Board's consultation with the Dominican Republic officials. The country's economic growth declined from 7.8% in 2010 to 4.5% in 2011 and to a projected 4% in 2012. A large increase in government spending in 2012 was ...
Future of the Brazilian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018
International Business Times - 5/16/2013 11:17:49 AM
... Expenditure of the World's Largest Military Spenders (US$ Billion), 2012 and 2017 Figure 14: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2012 Figure 23: Brazilian Defense Imports by Country (%), 2008-2012 Figure 24 ...
Japan to outperform Korea in GDP growth
The Korea Herald - 5/19/2013 11:57:13 AM
Improved consumer spending and exports boosted Japan’s first-quarter GDP growth. The so-called “Abenomics” aimed at restoring growth through aggressive monetary easing and inflation led the country to revise its growth forecast upward to 2.9 percent ...
Chile GDP grows less as mining investments slows
Mineweb - 5/21/2013 7:01:21 AM
Chile’s economy grew less than analysts expected in the first quarter as an investment boom in the world ... unchanged at 5 percent on May 16 for a 16th consecutive month as policy makers juggle the opposing pressures of a consumer spending boom ...
The cost of war: Syria’s economy pays a painful price
english.alarabiya.net - 5/17/2013 11:55:25 PM
Syria’s tourism sector - about 5 percent of GDP in 2011, says the World Travel and Tourism ... When these resources run out, military warlords will emerge, says Taqi. “What the regime has done is divide the country into wide military areas, where ...
Study: U.S. has world’s most costly legal system
Legal News Line - 5/17/2013 3:27:10 PM
The study, released by the U.S. Chamber’s Institute for Legal Reform Tuesday, compared liability costs as a percentage of Gross Domestic Product, or GDP, using general ... including the mix of businesses in a country, spending on government social ...
Japan records better-than-forecast 3.5 percent GDP growth in first quarter
Gant Daily - 5/16/2013 12:22:15 PM
The country’s gross domestic product (GDP ... market fueled by the possibility of rising inflation. The rise in GDP is the fastest pace since reconstruction spending led to a 5.3 percent revised figure in the first quarter of 2012.
HOW WE GOT TO THE ABYSS: A BRIEF ECONOMIC HISTORY OF THE LAST DECADE
American Reporter - 5/22/2013 3:03:57 AM
Bush became President in 2001, he was inheriting from President Bill Clinton one of the strongest federal balance sheets since the end of World War II ... is this fact: 52 percent of every tax dollar goes to military spending, while Social Security ...