Which Country Spends the Most on its Defense?

Which country spends the most money on its defense programs? The answer depends on which figure you use. Do you base it on total spending or as a percentage of GDP?

Walsh Sees a Tough 2016 For Rio Tinto, Worse Than 2015
14:03 - Rio Tinto Group, the world’s second-biggest mining company, scrapped its progressive dividend policy and set out new spending cuts as plunging commodity prices slashed full-year profit 51 percent. The producer joins rivals including Vale SA and Glencore Plc in trimming or abandoning dividend payments as a safeguard against the deepening commodities collapse. Chief Executive Officer Sam Walsh told Bloomberg’s "On the Move" host Guy Johnson he’s predicting a tough year ahead.
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