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
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.
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.
9% GDP plunge seen for 2020
The Manila Times on MSN.com - 1/24/2021 4:19:46 PM
The contraction of the Philippine economy likely improved in the fourth quarter of 2020 but the full-year gross domestic product (GDP) decline is expected to hit more than 9 percent due to the combined effects of the pandemic and damages caused by typhoons,
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 ...
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 ...
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.
Wealthy Countries Should Share Vaccine Doses Before It Is Too Late
Foreign Affairs - 1/19/2021 1:59:00 PM
Wealthy countries should reallocate doses to low- and middle-income countries to ensure that the most vulnerable populations and, ultimately, entire populations are immunized.
Saudi Arabia cuts defence spending
Jane's Information Group - 12/18/2020 5:49:00 PM
Saudi Arabia will cut its defence budget for 2021 by 3.8% to SAR175 billion (USD46.62 billion), marking a continued decline in the country’s defence spending, according...