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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.
BERLIN (Reuters) -Germany has met a NATO alliance target to spend 2% of its gross domestic product on defence for the first time since the early 1990s, a defence ministry spokesperson said on ...
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]
Chancellor Olaf Scholz set in motion a big increase in military spending shortly after Russia's full-scale invasion of Ukraine in early 2022, which he described as a “turning point.”
Germany has met the 2% NATO alliance target for the first time since the end of the Cold War, the country's defence ministry said earlier this week, as spending ramped up after Russia's invasion ...
The outlook for defense spending picks up in the wake of Germany's decision to spend more on its military. (Jefferies) Lockheed Martin popped 5%, while Raytheon gained 3%.
This is a list of countries by past military expenditure, starting 1987. Methodology Figures ... West Germany * 32,650: 33,569: 32,142
Chancellor Olaf Scholz said on Sunday Germany would sharply increase its spending on defence to more than 2% of its economic output in one of a series of policy shifts prompted by Russia's ...