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Prime Minister Keir Starmer said on Tuesday he would increase annual defence spending to 2.5% of GDP by 2027 and target a 3% level last seen just after the Cold War, a signal to U.S. President ...
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 commitment would take defence spending for 2028/29 from approximately 73.8 billion pounds to 78.2 billion pounds, partly funded by a previously announced plan to cut the size of the civil service.
But the rush to hike Britain’s defence budget to 2.5 per cent of its GDP comes amid talks to end the war in Ukraine and UK plans to act as a peacekeeper in the country to deter future Russian ...
The U.K. currently spends 2.3% of gross domestic product on defense, and the government had previously set a 2.5% target, without setting a date. Starmer told lawmakers that the increase amounts to an additional 13.4 billion pounds ($17 billion) a year. He said the goal is for defense spending to rise to 3% of GDP by 2035.
The United Kingdom announces an increase in military spending to 2.5% of its GDP by 2027, and 3% by 2034 at the latest. The move comes just before UK Prime Minister Keir Starmer is to meet with U.S. President Donald Trump on Thursday in Washington, D.C. (The New York Times) Casamance conflict
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 ...
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]