Word: gdp
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...military spending 8.8% Percentage of Saudi Arabia's GDP devoted to military expenditure in 2005. Saudi Arabia has expensive taste in military hardware, such as Patriot missiles, from the U.S. 4% Percentage of America's GDP devoted to military expenditure in 2005, a lower proportion but higher dollar amount: the U.S. spent $495.3 billion, compared with Saudi Arabia's $25.4 billion
Sarkozy, by contrast, proposes sweeping reforms, such as making every working hour after 35 tax-exempt, reducing income taxes by as much as 10 percent, and, through drastic spending reductions, reducing the national debt from 66 to 60 percent of GDP. In a reversal of roles that an American would find baffling, the so-called “right-wing” Sarkozy proposes to introduce desperately needed affirmative action programs to France (hitherto unknown in this welfare state) while the “socialist” Royal vigorously opposes them. Sarkozy’s opponents claim that his platform...
...that $30 you spend on tickets and popcorn at Spider-Man 3 this weekend seems expensive, consider the checks the producers were writing. Studios are notoriously coy about the budgets for their films - maybe because it seems gauche to spend the GDP of Micronesia on a fake pirate ship - but it's clear the price tags for a couple of this summer's most anticipated movies, Spider-Man 3 and Pirates of the Caribbean: At World's End, will hover in the $260-$300 million range, not including the marketing costs. To put it in perspective, the most expensive film...
...Japan's low birthrate means that the large families that once took care of aged parents as a matter of course are now rare, and overburdened Japanese households are increasingly turning to the state for help. But with a public debt that is already 1.5 times the nation's GDP after years of deficit spending, the Japanese government is under pressure to find a more efficient way of caring for the elderly...
...still upset Ahern's apple tart: not least, cheap labor and the ingenuity of entrepreneurs in rising economic superpowers like China and India. Ahern claims Ireland's economy has attained "critical mass": around 1,000 multinational companies have substantial operations located there, and for now life is sweet, with gdp growth of 5% expected this year. But financial confidence is dipping amid worries about overstretched borrowers and an overheated housing market; the country's infrastructure is inadequate, its health system rickety. If Ireland's economic miracle falters, its affable Taoiseach might not find such a welcome in the aisles...