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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 .
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]
The 2024 Irish budget was the Irish Government Budget for the 2024 fiscal year, which was presented to Dáil Éireann on 10 October 2023 by Minister for Finance Michael McGrath, and the Minister for Public Expenditure, National Development Plan Delivery and Reform Paschal Donohoe. [1]
Donald Trump's suggestion for increased NATO defense spending has divided European countries. ... Italy was on track to spend 1.49% of GDP on defense in 2024, while Germany — which is gearing up ...
By 2022, however, NATO leaders have once again began re-evaluating their defense budgets following Russia’s invasion of Ukraine, and by 2024, a historic number of NATO allies had met their ...
In 2020, the Irish defence budget was €1.04bn. This included €780m on defence and €259m on army pensions. [23] Department of Defence spending was 0.27% of GDP in 2020 and 0.29% in 2019. [24] In 2022, the defence sector budget was €1.1bn and in July of that year the Irish government announced plans to increase this to €1.5bn by 2028.
More than 20 NATO members will meet the military alliance's target of spending at least 2% of GDP on defense this year, Secretary General Jens Stoltenberg said on Monday. Speaking to the Wilson ...
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.