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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.
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 ...
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.
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 €214 billion in 2021, which was 1.5% of the 26 EDA Member States’ GDP, the same percentage as in 2020. [2]
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 United States and NATO are expected to announce Monday that the number of allied countries spending at least 2% of their country’s economic output on defense has doubled during President Joe ...
On 17 June 2024, prior to the 2024 Washington summit, Stoltenberg updated that figure and announced that a record 23 of 32 NATO member states were meeting their defense spending targets of 2% of their country's GDP. [163] [164] NATO added that defense spending for European member states and Canada was up 18% in the past year alone. [163] [164]
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.