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.
Trends in World Military Expenditure, 2015
ISN ETH Zurlch - 4/25/2016 7:42:21 AM
SIPRI’s analysts are justly celebrated for their statistical portraits of global military spending ... The percentage change is from 2006 to 2014. THE TOP 15 MILITARY SPENDERS IN 2015 There was no change in the countries that comprised the top 15 ...
Military Spending is the Capitalist World’s Fuel
Counter Punch - 4/22/2016 8:50:20 AM
So gigantic that it was more than the military spending of every other country on Earth combined ... the fourth-highest ratio in the world, while China spent 2.1 percent of its GDP on its military. But if we use the actual total of U.S. military spending ...
10 Countries With The Fastest Growing Militaries
The Huffington Post - 4/15/2016 4:36:45 PM
For Luxembourg, this appears to be an unrealistic goal as military spending as a percentage of GDP, at just 0.5%, ranks among the very lowest in the world. Investment as a percent of GDP remained small even after the country’s military expenditure ...
The Biggest Military Budgets As A Percentage Of GDP [Infographic]
Forbes - 6/25/2015 1:01:07 PM
No country ... States in military expenditure. In 2014, US military spending reached $571 billion, a huge distance ahead of second placed China’s $129.4 billion. However, when military budgets are viewed as a percentage of a nation’s GDP, things ...
Middle East tourism generates $194bn in 2015, 8% of GDP
Arabian Business - 4/29/2016 1:32:32 AM
According to WTTC research, government spending ... out of the 13 countries in the region experienced growth in the sector's contribution to GDP, with Qatar showing the strongest growth at 23.7 percent, stimulated by investment for the World Cup, followed ...
Growth in Turkey is projected to slow to 3.5 percent in 2016, says the World Bank
The World Bank - 4/29/2016 8:06:14 AM
The government’s revised Medium Term Program assumes a notable rise in expenditures due to election promises, but with a limited increase in the deficit (to 0.7 percent of GDP ... The World Bank’s work in Turkey is based on a joint Country Partnership ...
Confidence In U.S. Economy Plunges As GDP Only Grows 0.5 Percent In First Quarter Of 2016
The Inquisitr - 4/29/2016 1:32:32 AM
This shockingly low figure is well below the average 2 percent kept up in recent years. Growth of U.S. GDP ... spending has been revised down significantly since then. While CNN mentioned a variety of factors, such as “tepid consumer spending, global ...
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 ...
The Economics Of Resolving The Global Debt Crisis
Seeking Alpha - 4/29/2016 4:55:57 PM
Global debt continues ... annualized real GDP growth rates of 3.6% and 4.9%, respectively over the early years of the recovery. These countries still look like the best of the bunch. In contrast, countries with high deficit spending, like Greece, Portugal ...
Countries Spending the Most on Military
Wall Street Journal - 6/27/2013 7:10:34 PM
It's no secret that the U.S. spends a lot of money on its military. But how much? And how does it stack up against military spending by other countries? MarketWatch's Jim Jelter takes a look. (Photo: Getty Images)
Saudi Arabia Plans World's Largest IPO
The Spectrum - 4/29/2016 5:10:16 PM
"We have a strong demand inside the kingdom for the development of a localized military industry ... widened to 14.8 percent of GDP previous year up from 2.3 percent in 2014. Still, the reserves remain among the largest in the world, tempering any ...
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.
Canada should boost military spending, former NATO commander says
CBC - 4/30/2016 8:55:09 AM
Canada's spending comes in at one per cent of GDP, or roughly $20 billion a year, a figure that some have argued is too low to sustain a modern military force. Only five other countries of the ... It's a different world than it was when we originally ...