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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 .
That would mean that UK defence spending reaches around £87.1 billion in the ... PM announces ‘turning point’ in European security as UK set to increase defence spending to 2.5% by 2030 ...
The UK’s defence budget could face billions ... which is why we have backed the Ministry of Defence with an extra £2.9billion and have a cast iron commitment to increase defence spending to 2.5 ...
Figures for the tables below are provided by the Stockholm International Peace Research Institute (SIPRI) database. They are presented in millions of United States dollars in current prices, converted at the exchange rate for the given year. [1]
[85] The Strategic Defence and Security Review 2015 committed to spending 2% of GDP on defence and announced a £178 billion investment over ten years in new equipment and capabilities. [86] [87] On 8 March 2023 Prime Minister Rishi Sunak announced a further £5bn in defence spending with a long-term goal of an increased spending to 2.5% of GDP ...
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 ...
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]
This re-commits to a target set by Boris Johnson in 2022 and firms up the Prime Minister’s own stance on the defence budget. Sunak commits to spend 2.5% of GDP on defence by 2030 Skip to main ...