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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.
In 2015, as a result of the Annexation of Crimea by the Russian Federation, Germany announced what was termed "a major increase" in defense spending. In May 2015, the German government approved an increase in defense spending, at the time 1.3% of GDP, by 6.2% over the following five years, allowing the Ministry of Defense to fully modernize 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]
The spending would kick off with a roughly $113 billion investment to boost the languishing German military. The news sent shares of well-known defense stocks surging on Monday.
The German government is using "accounting tricks" to meet NATO's 2% military spending target in 2024, Spiegel news magazine said on Friday, citing evidence from an internal finance ministry document.
The government's plan calls for spending of 445.7 billion euros ($486 billion), down 6.4% from the 476.3 billion euros it expects to spend this year. Defense spending is set to rise by 1.7 billion ...
They are presented in millions of United States dollars in current prices, converted at the exchange rate for the given year. [1] If there is no data for a particular year, a cell is left blank. Although the database includes statistics for over 150 countries, per SIPRI's Terms and Condition permission is needed to directly reproduce more than ...
Even if a new government boosts defence spending, it will remain hamstrung for years, particularly by a lack of air defence, artillery and soldiers, they said. ... The German army's battle ...