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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.
More than 20 NATO members will meet the military alliance's target of spending at least 2% of GDP on defense this year, Secretary General Jens Stoltenberg said on Monday. Speaking to the Wilson ...
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 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]
Member states pay for NATO's three common funds (the civil and military budgets and the security investment programme) based on a cost-sharing formula that includes per capita gross national income and other factors. [158] [159] In 2023–2024, the United States and Germany were the biggest contributors with 16.2% each. [159] [160]
The U.S. contributes 3.4% of its GDP and about 16% of NATO's annual budget. ... NATO members recommitted to the 2% guideline in the wake of ... Twenty-three out of the 32 total member countries ...
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 ...