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
Hawks Demand More Military Spending Than During Cold War: Stop Squandering 'Defense' Dollars on Other Nations
The Huffington Post - 10/29/2014 9:44:57 AM
America accounts for nearly 40 percent of the globe's military ... the GDP in 1940; spending even an equal percentage would yield 13 times the real resources. America's GDP this year is more than seven times that in 1944, at the height of World War II ...
Cuts in military budget creates enough funds to fight social problems
Today's Zaman - 10/28/2014 3:15:25 PM
Comparing the military expenditure share in the gross domestic product (GDP), Turkey stands in ninth place in the world with 2.33 percent, despite the steadily ... earns nearly 101,000 euros per year in this country. The report criticized the budget ...
Nordic, Baltic states face 'new normal' of Russian military threat
Reuters - 10/28/2014 2:10:59 PM
Most countries on Russia's northwestern flank are planning higher military spending ... or Baltic nation to meet the NATO goal, plans to raise spending fractionally to 2.05 percent of GDP in 2015. Finland is considering raising defence spending, projected ...
NATO Defence Spending Cutbacks May Hurt Afghanistan As Air Support Dwindles
International Business Times - 10/29/2014 3:35:42 PM
Afghan forces assume control of Helmand province this week, taking one step further towards complete control of the country ... at least 2 percent of GDP. However, this is a tough proposition in European countries where high military spending is unpopular.
Poland to Deploy Thousands of Troops Near Border with Ukraine
Novinite - 10/28/2014 1:20:53 PM
By 2017, at least three military ... percent. Siemoniak added that until now most of Poland's 120 000 soldiers had been stationed in the west of the country, a "vestige" of the Cold War. Warsaw is also committed to boosting defense spending to 2 percent of ...
Cuts in U.S., European Defense Spending Stir Fears
aviationpros.com - 10/27/2014 1:50:42 PM
Germany spends just 1.4 percent of its GDP on defense, according to the Stockholm ... Under any budgetary scenario, the United States will remain the world's greatest military power, with annual military spending exceeding $600 billion through 2021.
5 biggest risks that can derail the US economy
CNBC - 10/16/2014 8:55:57 AM
She thinks America's GDP will see about 3 percent growth ... can harm investment spending. Finally, if the market falls, the public could start to panic. "It will affect the collective psyche," Zandi said. "And no economy in the world is more sensitive ...
Finance minister warns Russia can't afford military spending plan
Reuters - 10/7/2014 11:01:09 AM
MOSCOW (Reuters) - Russia's finance minister said on Tuesday the country ... U.S. military spending fell last year, Russia's increased in real terms, exceeding that of the United States for the first time since 2003 and reaching 4.1 percent of GDP.
Has Italy Passed the Point of No Return for Statism and Big Government?
Townhall Finance - 10/28/2014 4:02:32 AM
The World Economic Forum in its 2014-15 assessment of labor-market efficiency ranked Italy 141 out of 144 countries ... spending grew by 1.1 percent per year. But since the private sector was growing, the burden of government spending fell as a share of GDP.
China's Stealth Attack in "Currency War" Devaluation of Yuan
Examiner - 10/27/2014 3:23:46 PM
China's slowdown quickly dragging down "GDP" growth below 5 percent ... many other countries to avoid doing any FOREX triangle trades that require the US Dollar to be use for payments. Now that is a massive issue as this is creating a world where China's ...
Mexico, among the 5 Countries that Provide The Best Health Care In The World
The Yucatan Times - 10/28/2014 9:56:17 PM
and public-health expenditure as a percentage of a country’s GDP. France comes in first in this category as the best country in the world for health care. According to the World Health Organization,France has the number one health care system in the world.
Why the Chinese military is only a paper dragon
The Week Magazine - 9/23/2014 11:56:32 PM
Matching U.S. military spending as a percentage of GDP would require China to spend 5.8 percent ... China with an abundance of labor will soon also transform the country into the world's biggest retirement home. Beijing's "one-child" policy has sharpened ...
China economic growth falls to five-year low of 7.3%, govt says
Capital FM - 10/21/2014 4:25:09 AM
BEIJING, Oct 21 - China’s gross domestic product expanded in the third quarter at its slowest pace since the depths of the global financial crisis, official data showed Tuesday, despite efforts to kickstart the world ... spending, expanded 11.6 percent ...
Jittery Over Russia, Lithuania Ups Military Spending By Third
Defense News - 10/2/2014 5:26:28 PM
Military spending will account for 1.11 percent of the gross domestic product (GDP) in 2015, defenSe ministry spokeswoman ... NATO will set up regional "command and control" centers in "four or five countries, namely Lithuania, Latvia, Estonia, Poland ...
German Potholes Risk Growth Prospects in Land of Autobahn
Bloomberg - 10/28/2014 11:57:58 PM
if you start spending a lot of money very quickly, you get bad results, you get inefficiency.” German capital investment as a percentage of GDP has been on a downward trend since the 1960s and undershot the euro-area average since 2001. The country has ...