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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 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%.
BERLIN (Reuters) -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 ...
Trump wants NATO members to more than double their spending targets to 5% of GDP from 2%, and NATO is considering raising its military spending target to around 3%. Germany's current Defence ...
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.
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]
German Chancellor Olaf Scholz on Friday said his government would adapt its defence budget to ensure the country achieves the NATO spending target of 2% of GDP even after a special 100 billion ...