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
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 Biggest Military Budgets As A Percentage Of GDP [Infographic]
Forbes - 6/26/2015 2:08:31 AM
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 ...
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.
Is Sweden's military too small even for its peacenik ways?
The Christian Science Monitor - 7/2/2015 5:17:40 PM
Swedes have been increasingly anxious over the state of the country’s defenses ... when Sweden was spending 3 percent of its GDP on a large, well-equipped military, including an Army of 350,000. A corresponding problem, Colonel Wiktorin and others ...
Indonesian military plane may have suffered engine problem
FOX News - 7/2/2015 7:16:22 AM
Indonesia's military spending is equal to 0.8 percent of GDP, according to the World Bank, about half that of its neighbors Malaysia and Thailand. The cash crunch for Indonesia's armed forces is compounded by the vast area of an archipelago nation made up ...
Saudi Arabia Tops Defence Spending in Relation to GDP Israel Second
Jewish Business News - 6/27/2015 5:59:23 PM
By contrast, Washington’s enormous military expenditure “only” amounts to 3.5 percent of GDP. This chart shows estimated military expenditure as a % of GDP in selected countries in 2014.
World Awaits Outcome of Sunday Referrendum in Greece
Fox Business - 7/2/2015 3:44:36 PM
Prime Minister Alexis Tsipras' rejection of what he terms the "blackmail" of EU and IMF creditors demanding spending cuts ... by another 20 percent within four years if the country made a distressed exit from the euro. Greek GDP has already shrunk by ...
5 Countries With the Highest Military Expenditure
The Huffington Post - 11/29/2011 3:07:16 AM
America spends 4.8% of its GDP on the military or about double the global average. In fact, 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. It is clear by any measure ...
Chart: U.S. debt-to-GDP to reach Greek levels by 2035
Economic Collapse News - 7/2/2015 3:08:49 PM
The whole world is watching the ... of unfunded entitlements and expenditures. In fact, its debt as a percentage of the gross domestic product is expected to reach Greek levels within 20 years. Today, Greece’s debt-to-GDP is 175 percent, while America ...
Over 100 feared dead after Indonesia military plane crashes
Reuters - 7/1/2015 6:56:05 AM
PRESSURE TO MODERNIZE According to the Aviation Safety Network, 10 fatal crashes involving Indonesian military or police ... nearly one-fifth of defense spending by Southeast Asian countries last year, as a percentage of GDP the amount was the lowest ...
Indonesia to Call Off Search for Victims in Deadly Military Plane Crash
NDTV - 7/2/2015 10:58:17 AM
The crash could spur Southeast Asia's largest country to boost military spending, currently the lowest in the region at just 0.8 percent of GDP. "The incident in Medan shows that the military's transport equipment needs to be renewed soon," parliamentarian ...
We Are At War And Military Spending Must Take Priority
Strategy Page - 6/26/2015 2:01:22 AM
World War II cost Russia more than half its wartime GDP, and they continued spending over 20 percent of GDP during most of the Cold War. The U.S. was able to spend much less of the national wealth on military ... has left the country because the owners ...
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.
Indonesian military plane crashes in northern city, killing at least 30
egyptindependent.com - 6/30/2015 10:46:20 AM
At least 30 people were killed when a military ... country that stretches more than 5,000 km from its western to eastern tips. Although Indonesia accounted for nearly one-fifth of defence spending by Southeast Asian countries last year, as a percentage of ...
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 ...