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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.
Gov.uk – PM announces ‘turning point’ in European security as UK set to increase defence spending to 2.5% by 2030 Gov.uk – Our committment (sic) to 2.5% of GDP in 2030 ( archived ) Gov.uk ...
England's NHS budget will increase by £3.3bn a year during 2023–24 and 2024–25, and spending on schools by £2.3bn over the same period [18] Defence spending to be maintained at 2% of national income [18] Overseas aid spending to remain at 0.5% until 2028, below the official 0.7% target [18]
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]
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 ...
Brings UK military spending to 2.25% of GDP by 2025, says chancellor. For premium support please call: 800-290-4726 more ways to reach us
Spending decisions were expected to be made during the next spending review in 2024, at which point more funding might be allocated or other decisions taken. [8] In April 2024, Conservative Prime Minister Rishi Sunak pledged to increase defence spending to 2.5 percent of GDP (or £81 billion) by 2030. The Labour Party pledged to raise defence ...
Underinvestment in the UK military is something Government should take “seriously”, warns former head of the Army, General Lord Richard Dannatt UK must increase its defence spending after ...