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
Official says China to boost military budget by 10 percent
San Francisco Gate - 3/4/2015 10:57:26 AM
The increase to about $145 billion in spending would mark the fifth year in a row of double-digit increases despite the country's slowing economic growth, which fell to 7.4 percent last ... the world's largest standing military. "China has a tougher ...
China’s Military Budget Increasing 10% for 2015, Official Says
New York Times - 3/4/2015 9:17:13 AM
A 10 percent increase would put the 2015 military budget around $145 billion, making China the world’s second-largest ... higher than rises in Western countries,” he said. “Up until, I would estimate, average spending for each member of the military ...
China hiked military spending by 10% as Japan moves towards militarization
Times of India - 3/4/2015 5:52:36 PM
"Compared with major countries in the world, the road to China's defense ... and 10.7 percent in 2013. China's military expenditure in 2014 accounted for less than 1.5 percent of GDP, well below the world's average of 2.6 percent, the official media ...
Countries spending the most on the military
USA Today - 7/12/2014 6:39:15 AM
In the U.S., lower military spending ... data on military expenditure in over 170 countries. We reviewed SIPRI data on military exports, imports and military expenditure as a percentage of gross domestic product. We also reviewed GDP and GDP growth figures ...
Think Tank: Some NATO Countries Cutting Defense Spending
ABC News - 2/26/2015 5:06:38 AM
Of the countries surveyed, the think tank said, only Estonia in 2015 will meet the spending goal of 2 percent of GDP. This year, the report said, Britain is on course to spend the lowest percentage of its national wealth on defense in 25 years. In Germany ...
China’s Defense Budget to Increase 10 Percent in 2015
The Diplomat - 3/4/2015 2:53:39 PM
Among the recommendations for 2015 … [with regards to the] defense budget and the increase in defense spending ... GDP growth rate of seven percent for 2015. However, in comparison to other countries such as India (which revealed its annual military ...
China to boost military budget by 10 percent
Idaho Statesman - 3/4/2015 7:22:41 AM
Despite such assurances, China’s spending draws comparisons to trends among other countries ... military’s shopping list. Even more dramatically, India, the world’s biggest arms importer in recent years, increased its spending this year by 11 percent ...
China increases military budget, follows regional trend
Dawn - 3/4/2015 11:11:45 AM
BEIJING: China's military budget will ... People's Liberation Army (PLA), the world's largest standing military. However, the Pentagon and global arms bodies estimate actual spending may be anywhere from 40 to 50 percent more because the budget doesn ...
China says 2015 defence budget to rise about 10 percent
Zee News - 3/4/2015 7:29:50 AM
China`s leaders have routinely sought to justify the country`s military modernisation by linking defence spending to rapid GDP growth. But growth of 7.4 percent last year was the slowest in 24 years, and a further slowdown to around 7 percent is expected ...
Chinese defense spending slows but still tops GDP growth rate
Japan Times - 3/4/2015 7:37:00 AM
... year military spending rose 12.2 percent to 808.2 billion yuan ($128.9 billion). China’s leaders have routinely sought to justify the country’s military modernization by linking defense spending to rapid GDP growth. But growth of 7.4 percent last ...
China military budget defies the slowing economy
iknowtoday.com - 3/4/2015 10:21:38 AM
Although it is the world’s second-highest military ... In the last decades, China justified the country’s military spending on the rapid GDP growth. But 2014 was the slowest in 24 years with just 7.4 percent and in 2015 is expected a further slowdown ...
10 countries spending the most on their military
Market Watch - 9/3/2014 4:53:27 AM
Although arms expenditure has actually increased in much of the world, military spending in the U.S. — which ... 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 ...
China's military budget is booming
The Business Insider - 3/4/2015 12:37:38 PM
Generally, China's defense budget increases outpace GDP ... world's top military spender, the US. In 2014, the US spent $581 billion on defense, about $15 billion more than the next eight top spenders combined. China's increase in spending comes as the ...
5 Countries With the Highest Military Expenditure
The Huffington Post - 11/29/2011 3:07:16 AM
After all, we would certainly expect that a large country with one of the world's largest economies like ... 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.
India can become world’s fifth-largest economy by decade’s end: Jim O’Neill
Reuters - 3/4/2015 11:11:45 AM
Jim O’Neill, who coined the term BRICs to highlight emerging economic powerhouses Brazil, Russia, India and China, said India’s budget lacked a “wow” factor but was good enough to push the country on a path of 8 percent growth or more “for a long ...