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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 2023, 11 Nato countries spent the equivalent of at least 2% of GDP on defence. ... Defence spending: How Nato countries compare. Ian Jones, PA. April 10, 2024 at 4:16 AM.
NATO said "recent years" referred to the period since 2014, when members of the transatlantic military alliance agreed on a goal of spending 2% of gross domestic product (GDP) on 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.
This began a drawdown of military spending and equipment in Europe. The CFE treaty allowed signatories to remove 52,000 pieces of conventional armaments in the following sixteen years, [31] and allowed military spending by NATO's European members to decline by 28 percent from 1990 to 2015. [32]
In 2023, 11 Nato countries spent the equivalent of at least 2% of GDP on defence.
NATO's European states would invest a combined total of $380 billion in defence this year, taking their spending as a whole to an estimated 2% of GDP in 2024 compared to 1.85% in 2023, NATO ...
Nato does not have an army of its own, but member countries can take collective military action in response to crises. For instance, it supported the UN by intervening in the war in the former ...