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.
Economy in U.S. Shrank 0.7% in First Quarter as Trade Gap Jumped
Bloomberg - 5/29/2015 12:28:42 PM
The world’s largest economy hit a bigger ... Bookings for non-military capital goods excluding aircraft -- a proxy for future corporate spending -- advanced 1 percent in April after rising 1.5 percent the prior month. General Motors Co. is among ...
African Economies Grew By 3.9 Percent GDP in 2014 Amid Global and Regional Shocks
AllAfrica - 5/28/2015 9:09:28 AM
Despite the negative impacts of low commodity prices, the Ebola epidemic in West Africa as well as the fundamentalist and military ... world, which registered 4.4 percent growth. East Africa emerged as the best performer with a 7.1-percent average GDP ...
World View: As Russia’s Economy Worsens, Withdrawal from Ukraine May be Necessary
Breitbart News - 5/29/2015 11:02:48 AM
... European countries are not spending more than 2% of GDP on defense; the US spends 3.5%, and only nine countries in the entire world are now spending more than 4%. Russia’s high rate of military spending is forcing it to dip into its reserve fund.
China Surpasses America As World’s Largest Economy
Value Walk - 5/27/2015 5:21:35 AM
For the first time in history, the People’s Republic of China’s Gross Domestic Product exceeded the GDP ... country’s currency as opposed to in US dollars. The PPP measure is a better comparison for many purposes. For example, take military spending ...
Indefensible: Popular liberal publication calls American military a ‘national security threat’
BizPac Review - 5/25/2015 11:53:29 PM
Labeling America’s military as “a national security threat.” Salon insisted that the nation’s spending on national defense has imperiled our standing in the world ... that military spending as a percentage of GDP is at historic lows.
Harper on defence spending: 'Canada a major contributor'
Toronto Sun - 5/27/2015 7:08:57 AM
OTTAWA - There’s a trade show for military and defence contractors this week in Ottawa that is the largest of its kind in the country. More than 350 ... a pitiful 22nd in NATO on defence spending as a percentage of GDP. Our peers are Latvia, Belgium ...
10 Countries Spending the Most on the Military
24/7 Wall ST - 7/10/2014 6:20:09 AM
The Stockholm International Peace Research Institute (SIPRI) measures annual military spending for most of the world’s armed countries ... military expenditure as a percentage of gross domestic product. We also reviewed GDP and GDP growth figures ...
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.
These few steps by Modi govt will allow India to become one of the world's top 5 economies
Firstpost - 5/26/2015 12:17:57 PM
Inflation expectations have come down not because of falling oil prices—that has only been a small contributor—but because the government compressed spending ... at nearly 1 percent of GDP. Agriculture: Nearly two-thirds of the country’s workforce ...
World Bank Updated Forecast Predicts 2016-17 Kazakh Economic Growth Recovery
astanatimes.com - 5/22/2015 3:35:58 PM
ASTANA –The spring 2015 edition of the biannual Kazakhstan Economic Update of the World Bank ... for the country in coming years, despite external shocks and lowered demand domestically. Kazakhstan’s GDP growth slowed from 6 percent per year in 2013 ...
Chinese military sets course to expand global reach as ‘national interests’ grow
Washington Post - 5/27/2015 12:49:34 AM
BEIJING — China said Tuesday that it plans to extend its global military reach to safeguard its economic ... Chinese officials say that the country’s declared annual defense spending is significantly below the global average when compared with the ...
These Are the 5 Reasons Why the U.S. Remains the World’s Only Superpower
Time - 5/24/2015 11:54:40 PM
A ‘superpower’ is a country that wields ... America’s military superiority remains unrivaled—full stop. The US accounts for 37% of global military spending, and spends more than four times what China, the world’s No. 2 spender, does on its ...
African economies grew by 3.9% GDP in 2014 amid global and regional shocks
en.starafrica.com - 5/27/2015 9:24:58 AM
Despite the negative impacts of low commodity prices, the Ebola epidemic in West Africa as well as the fundamentalist and military insurrections ... posted a 1.5 percent GDP growth from 2.2 percent in 2013. Growth in other countries in the region was ...
Mizuno Sets Out to Transform the World
Apparel - 5/28/2015 6:27:48 PM
Can you name one thing that alone could potentially boost U.S. GDP by $25 billion, eliminate the smoking of more than 48 million cigarettes daily, decrease homelessness by 46 percent ... running really transform the world?" and then set out to find ...