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.
U.S. economy grew at 2.6 percent pace in fourth quarter of 2014
Washington Post - 1/30/2015 10:53:37 AM
This was just the second time in the last six quarters that GDP ... country’s economic output — rose 4.3 percent, the best pace since 2006. That increased spending indicates the potentially profound effect that falling oil prices are having on the ...
US economic growth slows to 2.6 percent in fourth quarter
Yahoo News - 1/30/2015 3:39:57 PM
WASHINGTON (AP) — U.S. economic growth slowed in the final three months of 2014 as a big burst of consumer spending ... GDP growth in the first half of this year," Ashworth said. For 2014 overall, the economy grew at a moderate rate of 2.4 percent.
Russia says nuclear arms to keep military edge over NATO, United States
Economic Times - 1/30/2015 12:26:40 PM
and military expenditures will remain unchanged even in the face of a growing economic crisis that has cut the budgets of other ministries. The modernisation project aims to revamp Russia's weapons systems to assure that 70-100 percent of the armed forces ...
US economy slowed in last quarter of 2014, but signs are pointing up
The Times-Picayune - 1/30/2015 10:53:37 AM
Though business investment, government spending ... 1.3 percent. Though the overall GDP figure for last quarter was mildly underwhelming, many of the components of the report were consistent with an economy that's outpacing others around the world and ...
10 Countries Spending the Most on the Military
24/7 Wall ST - 7/10/2014 6:20:09 AM
Global military ... of GDP devoted to spending in big-oil producers,” Perlo-Freeman said. Brazil, Saudi Arabia and Russia are all large oil-producing nations, as well as some of the world’s top military spenders. To determine the top 10 countries ...
Russian government details how it will cut spending 10 pct in face of economic crisis
FOX News - 1/28/2015 9:01:27 AM
MOSCOW – The Russian government, facing its worst economic crisis in a decade, on Wednesday detailed how it intends to cut spending over the next three years in all parts of the economy except military ... Russia's GDP is expected to decline by 4-5 ...
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 ...
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 ...
World Cuts Back Military Spending, But Not Asia
Inter Press Service - 4/14/2014 9:50:42 AM
WASHINGTON, Apr 14 2014 (IPS) - For the second year in a row, the world is spending a little less on ... Even Japan, which has traditionally kept its military spending to under one percent of GDP, is getting into the act. Tokyo has promised of a 2.8 ...
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 ...
The fall of Europe: Why the European Union is teetering on the brink
Salon - 1/30/2015 9:27:43 AM
It currently boasts the world ... military muscle to play global policeman. And yet, for all this success, the European project is currently teetering on the edge of failure. Growth is anemic at best and socio-economic inequality is on the rise. 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 ...
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.
Countries With The Highest Government Spending To GDP Ratio
Investopedia - 8/27/2011 11:56:55 PM
The top 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 ...