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
The Great Depression Was Ended by the End of World War II, Not the Start of It
blog.heartland.org - 12/4/2013 2:49:14 PM
A common fallacy is that the Great Depression was ended by the explosive spending of World War II. But World War II actually institutionalized ... although people perceived it was now for a good cause. But increased government spending does nothing ...
5 Countries With the Highest Military Expenditure
The Huffington Post - 11/29/2011 7:06:29 PM
After all, we would certainly expect that a large country with one of the world's largest economies ... is the only country in the top 15 for military expenditure that has a higher percent of its GDP dedicated to the military.
World's military spending slows
Deseret News - 4/11/2011 3:46:11 AM
STOCKHOLM — The ... its military expenditures by 3.8 percent in 2010 to $119 billion. That compared to a growth of 15 percent between 2008 and 2009, and SIPRI said the Chinese government had linked its smaller increase in 2010 to the country's weaker ...
US Military Spending Far Outpaces Rest of the World
Antiwar.com - 5/28/2010 11:53:41 PM
The United States continues to lead the world in defense spending, according to a new report released ... The U.S. State Department estimates that North Korea — a country in which up to 20 percent of men ages 17-54 are currently serving in the armed ...
Global Military Spending Soars 45 Percent in 10 Years
Common Dreams - 6/8/2008 11:54:33 PM
In 2007, 1,339 billion dollars (851 billion euros) was spent on arms and other military expenditures, corresponding to 2.5 percent of global gross domestic product, or GDP, and 202 dollars for each of the world's 6.6 billion people. The United States ...
Guess What Percentage of Americans Know Military Spending is Increasing
AlterNet - 7/28/2012 11:59:18 PM
And keep guessing some more, because pollsters are unlikely to ask that question. A year and a half ago, a poll found that Americans drastically underestimate how high U.S. military spending is. This fits with consistent polling showing slim majority ...
China military spending to top $100 billion in 2012, alarming neighbors
articles.washingtonpost.com - 3/5/2012 4:32:40 AM
BEIJING — China’s Communist Party rulers plan to boost military spending by 11 percent this year, passing the $100 billion mark for the first time and renewing questions about the country’s long ... exceeded 2 percent of GDP. However, some outside ...
Trends in U.S. Military Spending
Council on Foreign Relations - 8/23/2012 9:48:15 PM
Military budgets are only one gauge of military power. A given financial commitment may be adequate or inadequate depending on the number and capability of a nation's adversaries, how well a country invests its funds, and what it seeks to accomplish, among ...
Data: Global Military Expenditures
pbs.org - 7/7/2000 11:56:42 PM
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 expenditure in millions of USD in 2006.
Age of Austerity Nearing End May Boost Global Economy
Bloomberg - 12/5/2013 12:29:03 AM
The age of austerity may be nearing an end as governments ease the fiscal cuts that restrained economic recoveries. After three years of slashing budgets bloated by recession and the stimulus deployed to fight it, U.S. and euro-area officials ...
China Increasing Defense Spending by 10.7 Percent
defense-update.com - 3/16/2013 11:57:22 PM
The 10.7 percent increase will boost defense funding to $115.7 billion, a far cry from the United States’ military budget of $656.2 billion. Of equal interest is the Chinese claim that defense spending totals only 1.3 percent of GDP while the United ...
Yes, Of Course We Should Cut Military Spending!
The Business Insider - 2/9/2013 11:55:55 PM
Cuts in government spending from the "sequester" may start to kick in on March 1st. These cuts will force the U.S. to sharply reduce military and entitlement spending. Cutting such spending sharply is a terrible idea, for several reasons.
Continuing Buildup, China Boosts Military Spending More Than 11 Percent
New York Times - 3/5/2012 4:49:58 PM
BEIJING — China announced a double-digit increase in military spending on Sunday, a rise that comes amid an intensifying strategic rivalry between the United States and China in Asia and concerns in Washington about the secrecy surrounding the ...
Top 10 military spending nations; oil countries post biggest jumps this decade
The Christian Science Monitor - 6/2/2010 11:54:55 PM
The US remains by far the biggest military spender ... extraction and the lack of benefit to oil-producing regions has generated grievances.” Chad, as well, has increased military spending in an attempt to quell domestic conflict.
Countries With The Highest Government Spending To GDP Ratio
Investopedia - 9/11/2011 11:53:27 PM
... five major countries with the highest government spending levels as a percentage of GDP are spread across the globe, and include some of the wealthiest nations in Europe, along with one of the world's poorest countries. According to the Heritage ...