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.
5 Countries With the Highest Military Expenditure
The Huffington Post - 11/29/2011 3:07:16 AM
This accounts for about 43% of the entire global military spending ... 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 ...
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 ...
Global Photonic Sensors And Detectors Industry
The Street - 11/25/2015 11:14:14 PM
The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World ... Sensors in Military Sector: Breakdown of Military Spending (In US$ Billion) in Select Countries for the Year 2013 ...
India spends 18.6% of its annual budget on military while 3.4% on health care
Pakistan Defence - 11/25/2015 10:49:46 AM
In India, military spending is 18.6 percent of its total budget ... by rounding the military spending by the GDP, but GDP doesn't pay for the military, its the annual budget which does. By Annual budget, a poor country like India is spending lavishly ...
Bolivia says state spending to keep 2016 GDP growth flat at 5pc
Business Recorder - 11/24/2015 1:54:05 AM
LA PAZ: Bolivia's economy will grow by an estimated 5 percent next year, powered by $8.2 billion in public investment, according to the government's budget proposal submitted to Congress on Monday. Bolivia expects gross domestic product (GDP) to expand by ...
Global Economic Forecast 2016-2017
Seeking Alpha - 11/26/2015 2:56:08 AM
The country's prospects are good. Asia is the wild card for the global economic outlook. China in particular is opaque: we don't really know what's happening inside that giant economy. The official growth rate of GDP is 6.9 percent, down from 7.0 in ...
China increases R&D investment, still lags behind developed countries
ECNS - 11/24/2015 12:49:39 AM
R&D expenditure ... percent of the country's gross domestic product (GDP), marking its second straight year above the 2-percent mark. With R&D spending at 1 trillion yuan, enterprises were the biggest contributor, the report shows. Despite being the world ...
10 Countries Spending the Most on the Military
24/7 Wall ST - 7/10/2014 6:20:09 AM
Global ... In other countries — especially those where military spending was on the rise — military budgets were dependent on a number of factors. A country’s economy, for example, often mirrors military spending. “You need to have GDP growth ...
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.
Europe's Police Face A More Paramilitary Future As Governments Boost Spending On Anti-Terror Arms [VIDEO]
International Business Times - 11/24/2015 7:52:00 AM
The gun, which has a list price of $1,313, was on display last week at Milipol, a global security conference ... the European Union restricts member states' spending to only up to 3 percent of a country's GDP, in lieu of this summer's agreement ...
Nigeria: Country Records Lowest GDP Growth in Four Years - NBS
AllAfrica - 11/23/2015 6:05:48 AM
The GDP, which is termed as the most important indicator of economic wellbeing of a nation, is the total value of all goods and services available for use and export in a country for a given period. The bureau said Nigeria's total expenditure on GDP ...
The Biggest Military Budgets As A Percentage Of GDP
econintersect.com - 7/4/2015 10:08:47 PM
U.S. military expenditure "only" amounted to 3.5 percent of GDP in 2014, despite the amount spent topping $570 billion. This chart shows estimated military expenditure as a % of GDP in selected countries in 2014.
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)