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Nato asks every member country to spend at least 2% of national income - also known as GDP - on defence. It is thought that 23 countries met that target in 2024 , compared to only three in 2014. [BBC]
At a 2014 summit in Wales, NATO members reaffirmed a commitment to spend a minimum of 2% of their country’s GDP on defense, a pledge with renewed urgency after Russia’s annexation of Crimea.
The U.S. contributes 3.4% of its GDP and about 16% of NATO's annual budget. Poland is in top place, contributing 4.1% of it's GDP, followed by Estonia and the U.S, both at 3.4%, according to the ...
All members have militaries, except for Iceland, which does not have a typical army (but it does have a coast guard and a small unit of civilian specialists for NATO operations). Three of NATO's members are nuclear weapons states: France, the United Kingdom, and the United States. NATO has 12 original founding member states.
The contributions of the 29 member countries are calculated according to a cost-sharing formula based on their gross national income. France also bears the direct costs linked to NATO operations in which it chooses to participate. Since 2006, NATO has set a long-term objective for each member country to devote 2% of its GDP to defense.
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 .
Canada was barely spending 1% at the time. Last year, as it became clear that Russia’s war with Ukraine would grind on, they decided that 2% should be a spending minimum. According to NATO figures, Canada was estimated to be spending 1.33% of GDP on its military budget in 2023. “Our country finds itself at a pivotal moment.
OTTAWA (Reuters) -Canada expects to increase its defense spending to the NATO target of 2% of gross domestic product by 2032, Prime Minister Justin Trudeau said on Thursday, in Ottawa's first ...