World News

Many NATO Nations Experience Significant Increase in Military Spending


News Analysis

U.S. President-elect Donald Trump has often criticized other NATO countries for not meeting their financial obligations to the military alliance. However, upon his return to the White House in January, he may encounter less opposition.

European nations’ interest in increasing defense spending has grown due to the conflict in Ukraine and Russian President Vladimir Putin’s ongoing aggressive behavior.

EU Commission President Ursula von der Leyen stated on Nov. 28 that the NATO bloc requires a “significant” boost in defense spending—a sentiment echoed by many other prominent European leaders.

But what has been each country’s contribution? How do these contributions compare historically? How much are members spending on the conflict in Ukraine, and how much more are they willing to invest?

What Are NATO’s Current Targets?

In 2014, NATO established a goal that all members should allocate 2 percent of their GDP to defense by 2024.

In July 2023, during a summit in the Lithuanian capital Vilnius, NATO members confirmed the 2 percent minimum and committed to investing at least 20% of their defense budgets in major equipment and related research and development.
Official NATO data for 2023, released in March, revealed that only 10 of the United States’ 31 NATO allies had met the 2 percent GDP spending target. However, based on provisional estimates for 2024 published in June, that number has now increased to 23 out of 31.

Which countries have met the target, and who are the ones lagging behind?

For instance, Poland, the NATO member closest to Ukraine, allocated 4.1 percent of its GDP toward defense, up from 1.8 percent in 2014.

This surpasses the United States, which is currently spending an estimated 2.7 percent of its GDP on defense.

NATO states that US defense spending constitutes around two-thirds of the alliance’s overall expenditure.



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