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
5 Countries With the Highest Military Expenditure
The Huffington Post - 11/29/2011 7:06:29 PM
After all, we would certainly expect that a large country with one of the world's largest economies ... is the only country in the top 15 for military expenditure that has a higher percent of its GDP dedicated to the military.
World's military spending slows
Deseret News - 4/11/2011 3:46:11 AM
STOCKHOLM — The ... its military expenditures by 3.8 percent in 2010 to $119 billion. That compared to a growth of 15 percent between 2008 and 2009, and SIPRI said the Chinese government had linked its smaller increase in 2010 to the country's weaker ...
US Military Spending Far Outpaces Rest of the World
Antiwar.com - 5/28/2010 11:53:41 PM
The United States continues to lead the world in defense spending, according to a new report released ... The U.S. State Department estimates that North Korea — a country in which up to 20 percent of men ages 17-54 are currently serving in the armed ...
Global Military Spending Soars 45 Percent in 10 Years
Common Dreams - 6/8/2008 11:54:33 PM
In 2007, 1,339 billion dollars (851 billion euros) was spent on arms and other military expenditures, corresponding to 2.5 percent of global gross domestic product, or GDP, and 202 dollars for each of the world's 6.6 billion people. The United States ...
China military spending to top $100 billion in 2012, alarming neighbors
articles.washingtonpost.com - 3/5/2012 4:32:40 AM
The new defense spending plans, outlined at the start of the annual session of China’s largely rubber-stamp legislature, would bring the official military budget to 670 billion yuan. That would be the equivalent of $106 billion and would amount to an ...
More Government Equals Less Growth, The Facts Are In
Forbes - 12/10/2013 12:11:47 PM
So if more government spending is good, the correlations should be positive. If they are negative, government spending leads to slower (or negative) economic growth. The results showed that all three correlation coefficients were negative.
Guess What Percentage of Americans Know Military Spending is Increasing
AlterNet - 7/28/2012 11:59:18 PM
Setting aside, however, the absolute size of the U.S. military budget, its size in comparison to the rest of the world's militaries ... again this week to claim that military spending is low as a percentage of GDP. But the idea that we should spend ...
Data: Global Military Expenditures
pbs.org - 7/7/2000 11:56:42 PM
“Military expenditure” covers all expenditure on: the armed forces, including peacekeeping forces; defense ministries and other government agencies involved in defense projects; paramilitary forces that are trained, equipped and available for military ...
Trends in U.S. Military Spending
Council on Foreign Relations - 8/23/2012 9:48:15 PM
Retired military pay, which does not directly ... in FY 2001 to $49.4 billion in FY 2014. As noted above, rising spending on defense personnel has not resulted in increasing troop strength. The following charts illustrate two additional reasons why ...
Continuing Buildup, China Boosts Military Spending More Than 11 Percent
New York Times - 3/5/2012 4:49:58 PM
BEIJING — China announced a double-digit increase in military spending on Sunday, a rise that comes amid an intensifying strategic rivalry between the United States and China in Asia and concerns in Washington about the secrecy surrounding the ...
World Bank Sees Ethiopia GDP Grow at 7 Percent for Medium Term
Voice of America - 8/26/2013 2:10:21 PM
ADDIS ABABA — Ethiopia's economy is likely to grow seven percent a year over the next three to five years, below its average of the last decade, and to push that rate higher, the government needs to change policy to encourage private investment, the ...
“Maldives is spending beyond its means”: World Bank
Minivan News - 12/11/2013 12:39:14 PM
Foreign reserves are critically low – despite the Maldives Inland Revenue Authority (MIRA) reporting ... form of selling treasury bills (T-bills) to the banking, private sector, and high net worth individuals at steep interest rates.
Yes, Of Course We Should Cut Military Spending!
The Business Insider - 2/9/2013 11:55:55 PM
Cuts in government spending from the "sequester" may start to kick in on March 1st. These cuts will force the U.S. to sharply reduce military and entitlement spending. Cutting such spending sharply is a terrible idea, for several reasons.
Countries Spending the Most on the Military
24/7 Wall St. - 6/27/2013 11:03:48 AM
For the first time since 1998, global military spending is down. This coincides with a major decline in U.S. spending, which fell by more than $40 billion between 2011 and 2012. Even with this decline, however, the United States still had a military budget ...
China Increasing Defense Spending by 10.7 Percent
defense-update.com - 3/16/2013 11:57:22 PM
The 10.7 percent increase will boost defense funding to $115.7 billion, a far cry from the United States’ military budget of $656.2 billion. Of equal interest is the Chinese claim that defense spending totals only 1.3 percent of GDP while the United ...