|Rank||Country||Military expenditures - percent of GDP|
|3||United Arab Emirates||5.7|
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, 2019See also: Military expenditures - percent of GDP map
The Latest: UN: world economy may shrink by almost 1 percent
St. Louis Post-Dispatch - 4/1/2020 9:26:00 PM
Vice President Mike Pence says the White House’s models for the coronavirus outbreak show the country on a trajectory akin to hard-hit Italy.
Economic Shock of Coronavirus Casts Pall on NATO Spending Goals
U.S. News & World Report - 4/2/2020 12:58:00 PM
The economic shock of the coronavirus pandemic is likely to undermine NATO defence targets cherished by U.S. President Donald Trump, diplomats and experts say, as governments move closer to spending goals only by virtue of shrinking economies.
Countries spending the most on their military
MSN - 4/5/2019 11:51:00 AM
Based on the data from the CIA's World Factbook ... the U.S. falls on this list of countries spending the most on their military. 30. Angola Percent of GDP spent on military: 2.95% Photo: Rick ...
Forecasting Defense Spending in an Age of Uncertainty
War on the Rocks - 3/20/2020 7:46:00 AM
At over $750 billion, the U.S. defense budget is the largest in the world ... military position while limiting defense expenditures. Since 1990, American spending on defense has generally been fairly predictable; ranging between 3 percent and 5 percent of ...
Military expenditure in South America, lowest in the world
Uruguay News - 3/18/2020 3:10:00 AM
Military expenditure in the twelve countries of South America, according to 2008 budgets, has reached a record 50 billion US dollars which is 2.5% higher than in 2007. A private report released ...
Bolsonaro Increases Military Spending in First Year of Government
Folha OnLine - 3/2/2020 5:02:00 PM
In this century, however, military spending has been constant as a percentage of GDP (Gross Domestic Product ... far from that registered by developed countries in the military field, such ...
Covid-19 pandemic affecting socioeconomic condition of "almost all" African countries
Cape Times on MSN.com - 4/6/2020 3:05:00 PM
The AU projected exports and imports of African countries to drop by at least 35 percent from the level reached in 2019, in which the loss in value is estimated at around 270 billion U.S. dollars.
Bernie Sanders’s — and the Left’s — Fake Fiscal History of 1950s America
National Review - 3/3/2020 11:34:00 AM
Looked at relative to the economy, we spent 10 percent of GDP on the military from 1950-1960; in 2020, we will spend 3.3 percent of GDP, a reduction in military spending of about two-thirds in GDP ...
A wake-up call for Russia
The Hill - 3/6/2020 10:34:00 PM
Russia’s Federal Anti-Monopoly Service says that prior to the 1998 financial crisis the state's share of the economy was about 25 percent of GDP ... countries it ranks eighth in military ...