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.
5 Countries With the Highest Military Expenditure
The Huffington Post - 11/29/2011 2:10:00 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 ...
World Bank: Wars, cheap oil are hurting Middle East growth
The Christian Science Monitor - 2/5/2016 2:50:40 AM
In a new report, the bank said five years of war in Syria and spillovers to neighboring countries have cost ... and budget deficits growing. The World Bank said Saudi Arabia's public debt would reach 20 percent of GDP in 2017, 10 times its level of 2.2 ...
NATO chief: Allied defense spending going in right direction
San Jose Mercury News - 1/28/2016 7:10:42 AM
BRUSSELS (AP) — NATO declared Thursday that alliance defense spending is finally moving in the "right direction," although one country, the United States, still accounts for almost three-quarters of the alliance's total military expenditures. In NATO's ...
Why can’t African countries stay out of debt?
World - 2/5/2016 7:58:29 AM
Some Sub-Saharan African countries are once again wallowing ... Mozambique’s debt is already back at 61 percent of GDP, and Ghana’s is at 73 percent. Part of the problem can be attributed to a shift in the global economy. In a region substantially ...
World Bank: Syrian war costs region $35 billion in productivity
Al Bawaba - 2/5/2016 12:59:08 PM
According to a report issued by the World Bank, five years of war in Syria and conflict and instability spilling over to neighborhing countries have cost the ... Arabia's public debt will reach 20 percent of GDP next year, 10 times its level of debt ...
Eastern Europe cautiously welcomes growing presence of U.S. military
The Bulletin - 2/3/2016 9:05:17 AM
only a few countries in Europe actually do so. According to the NATO 2015 Annual Report, the European part of the alliance devoted to military spending 1.51 percent of GDP in 2013, 1.47 percent in 2014 and 1.43 percent last year. Obama administration ...
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 ...
Indian Tech Sector To Contribute 25% To GDP By 2023
CXO Today - 2/5/2016 10:35:58 AM
Indian technology sector is expected to be around $ 1 trillion opportunity in next 5-7 years and has potential to contribute 25 percent to the GDP, thanks to Digital ... In comparable countries the same is 62 per cent,” Kumar said. In last 10 months ...
10 most generous nations in the world
The Express Tribune - 2/4/2016 8:21:08 AM
USA, New Zealand and Canada have the highest rate of charitable donations as a percentage gross domestic product (GDP), the report found. The annual index revealed the most generous countries in the world based ... and government spending and the amount ...
The Role of Emerging Markets in a New Global Partnership for Growth
International Monetary Fund - 2/4/2016 3:59:16 PM
As a group, emerging and developing economies now account for almost 60 percent of global GDP, up from just ... pressures. These countries could make their fiscal adjustment less painful—by upgrading the efficiency of spending, strengthening fiscal ...
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.
The Biggest Military Budgets As A Percentage Of GDP
econintersect.com - 7/4/2015 10:08:47 PM
U.S. military expenditure "only" amounted to 3.5 percent of GDP in 2014, despite the amount spent topping $570 billion. This chart shows estimated military expenditure as a % of GDP in selected countries in 2014.