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In 2023, 11 Nato countries spent the equivalent of at least 2% of GDP on defence.
The defence spending of the United States is more than double the defence spending of all other NATO members combined. [19] Criticism of the fact that many member states were not contributing their fair share in accordance with the international agreement by then US president Donald Trump caused various reactions from American and European ...
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.
Nato secretary-general Mark Rutte has urged member countries to adopt a new "wartime mindset", and ramp up military spending. His comments echo previous demands made by incoming US President ...
This is a list of countries by military expenditure per capita, the amount spent by a nation on its military per capita in a given year. This list is sourced from the Stockholm International Peace Research Institute (SIPRI) for the year 2020.
All members of Nato are signed up to an agreement to spend the equivalent of 2% of their gross domestic product (GDP) on defence per year. In 2023, 11 Nato countries met this pledge, including the ...
But senior NATO officials concede that countries might have to spend up to 3% of GDP to execute the security blueprint successfully. A new spending target is likely to be announced next year. Rutte also said NATO might set specific targets for member countries to fill military equipment gaps.
Military budgets often reflect how strongly a country perceives the likelihood of threats against it, or the amount of aggression it wishes to conjure. It also gives an idea of how much financing should be provided for the upcoming fiscal year. The size of a budget also reflects the country's ability to fund military activities. [1]