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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]
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 ...
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]
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 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 said European countries in the military alliance have agreed to step up their defense spending in the wake of President Donald Trump’s request that they ...
NATO's European states would invest a combined total of $380 billion in defence this year, taking their spending as a whole to an estimated 2% of GDP in 2024 compared to 1.85% in 2023, NATO ...
The plan is that from 2021, a fully-fledged European Defence Fund will foster an innovative and competitive defense industrial base and contribute to the EU's strategic autonomy. Strategic autonomy is the ability of the European Union to defend Europe and act militarily in its neighborhood without so much reliance on the United States. [4]