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). For countries with no military forces, this figure can include expenditures on public security and police.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2020See also: Military expenditures - percent of GDP map
DOD Releases Report on Defense Spending by State in Fiscal Year 2019
US Department of Defense - 1/13/2021 6:32:00 PM
The Department of Defense's Office of Local Defense Community Cooperation released its Fiscal Year 2019 Defense Spending by State report.
EDF commander: 6 percent of GDP defense spend would fend off Russia attack
ERR News - 1/23/2021 4:57:00 PM
Defense spending would need to be raised to 6.5 percent of Gross Domestic Product, Estonian Defense Forces (EDF) commander Major General Martin Herem says, if the country were to be able to withstand any attack from its eastern neighbor for any length of time.
As spending climbs and revenue falls, the coronavirus forces a global reckoning
Washington Post - 1/10/2021 9:50:00 AM
Costa Rica built Latin America’s model society, enacting universal health care and spending its way to one of the Western Hemisphere’s highest literacy rates. Now, it’s reeling from the financially crushing side effects of the coronavirus,
Ukrainian president seeks country’s defense spending in 2015 at 3% of GDP
TASS - 1/3/2021 12:00:00 AM
which in particular envisages a three percent share of the country’s annuula GDP in spending for military purposes, the presidential press service said on Wednesday. Read also Ukraine got all ...
Oxfam Report Makes Strong Case For Economic Recovery To Be Led By Reduction of Inequalities
Countercurrents - 1/25/2021 8:46:00 AM
Written by Bharat Dogra and Kumar Gautam An important report prepared by Oxfam titled ‘The Inequality Vitus’ ( as also its India supplement), released on January 25, has made a strong case for the economic recovery path to be led by reduction of inequalities.
Pakistan Boosts Military Spending by 12% amid COVID-19 Economic Slump
Latin American Herald Tribune - 6/13/2020 1:01:00 AM
ISLAMABAD – Pakistan released on Friday its 2020-21 national budget worth $44 billion, increasing military spending by 12 percent a day after the country posted its first negative GDP growth (-0 ...
Trump hits Germany and other 'delinquent' NATO countries for lack of defense spending
Fox Business - 8/11/2020 8:01:00 AM
noting that Poland is one of only eight countries other than the United States who is spending at least 2 percent of their GDP on defense. Continue Reading Below “They're delinquent, too ...
China's 2020 GDP Growth Slowest In Over Four Decades: AFP Poll
International Business Times - 1/15/2021 3:06:00 AM
China's economy grew last year at its slowest pace since transformative market reforms of the 1970s, according to an AFP poll of economists, but finished the year strongly on an accelerating coronavirus recovery.