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The second list is based on the 2024 edition of The Military Balance, published by the International Institute for Strategic Studies (IISS) using average market exchange rates. [2] The third list is a user-generated list of the highest military budgets of the current year, compiled from various sources.
This article lists military spending in European countries by ... The share of total expenditure, the average defence spending was 2.5 % in 2021 in the EU and 2.4% in ...
The UAE, for which recent data is not available, has also spent historically large amounts of money on the military on a per capita basis. The UAE had a per capita spending of $2470 per person back in 2014, making it the second highest spender in that year just after Saudi Arabia, [ 1 ] but by 2020 that number had fallen to $2204.
As it joins Nato, Finland records its highest year-on-year increase in military spending since 1962 Finland’s military spending soars 36% as global defence budgets hit Cold War levels Skip to ...
Finland's economy has been in recession since last year, hit by high interest rates and the fallout ... The government said Finland's defence spending will increase by 488 million euros to 6.5 ...
Sweden's government said on Thursday it planned to boost annual spending on defence to 2% of gross domestic product in response to a deteriorating security situation in Europe following Russia's ...
Rank Country Global Militarization Index (GMI) Military Expenditure Index Score People Index Score Heavy Weapons Index Score 1 Ukraine 335: 5.11: 1.29: 1.75
A similar agreement for the northern Nordic region already existed between Finland, Norway and Sweden, which was further updated in 2022. [10] Following Finland's and Sweden's request to join NATO in 2022, Denmark, Iceland and Norway released a statement saying that in the case of an attack on Finland or Sweden before they had become part of ...