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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 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.
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 ...
Jefferies reveals five winners from a budding race to increase spending on the military in the wake ... to Germany's defense spending do not fall under our coverage, but we flag Hensoldt with 52% ...
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]
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 ...
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 ...
Defence spending by NATO's European members and Canada was 20% higher in 2024 than the previous year, NATO Secretary General Mark Rutte said on Friday, ahead of a meeting in which they are likely ...