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The share of total expenditure, the average defence spending was 2.5 % in 2021 in the EU and 2.4% in the euro area. As a share of GDP the average was 1.3% in the EU and in the euro area. [1] Total defence expenditure of the European Defence Agency (EDA) Member States was €279 billion in 2023, which was 1.6% of the 27 EDA Member States’ GDP. [2]
Trump called for NATO members to raise defense spending to 5% of GDP. Many European NATO members have struggled to meet the current 2% defense spending goal. ... invasion of Ukraine in 2022, also ...
The European Defence Agency (EDA) is an agency of the European Union (EU) that promotes and facilitates integration between member states within the EU's Common Security and Defence Policy (CSDP). The EDA is headed by the EU High Representative for Foreign Affairs and Security Policy , European Commission’s Vice President (HR/VP), and reports ...
The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies.
With the European Commission estimating EU defence spending needs at 500 billion euros ($523.00 billion) over the next 10 years, the solution is likely to include a combination of options, rather ...
The European Union on Tuesday outlined ambitious plans to boost its defense industry as it responds to the threat posed by Russia’s war on Ukraine and seeks to wean member nations off an over ...
The defense leaders also addressed questions of military spending after Trump recently called for NATO allies to increase their spending to 5% of gross domestic product, a level that no NATO member has reached — not even Poland, which is the closest, spending over 4% and expected to approach 5% this year.
Josep Borrell, the foreign policy chief at the time, said that it was a "turning point for the European Union as a security provider and an important step for the European security and defence policy." [7] He also said that given the 2022 Russian invasion of Ukraine, a "sea change in EU security and defence" was necessary. [8]