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    FACTSHEET NATO Defence Spending

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    streiff at redstate
    Defense spending by NATO European countries has been gradually increasing both in absolute terms and as a percentage of GDP. In 2024, defense expenditure in Europe is estimated to reach $380 billion, up from $347 billion in 2023. This increase represents 2% of GDP for NATO European countries, up from 1.85% in 2023. While defense spending has risen in recent years, it remains below the NATO guideline of 2% of GDP for many European allies.

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    FACTSHEET NATO Defence Spending

    Uploaded by

    streiff at redstate
    5K views1 page
    Defense spending by NATO European countries has been gradually increasing both in absolute terms and as a percentage of GDP. In 2024, defense expenditure in Europe is estimated to reach $380 billion, up from $347 billion in 2023. This increase represents 2% of GDP for NATO European countries, up from 1.85% in 2023. While defense spending has risen in recent years, it remains below the NATO guideline of 2% of GDP for many European allies.

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    NATO fact sheet on spending by member nations in dollars and in percent of GDP.

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    Defense spending by NATO European countries has been gradually increasing both in absolute terms and as a percentage of GDP. In 2024, defense expenditure in Europe is estimated to reach $380 billion, up from $347 billion in 2023. This increase represents 2% of GDP for NATO European countries, up from 1.85% in 2023. While defense spending has risen in recent years, it remains below the NATO guideline of 2% of GDP for many European allies.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    5K views1 page

    FACTSHEET NATO Defence Spending

    Uploaded by

    streiff at redstate
    Defense spending by NATO European countries has been gradually increasing both in absolute terms and as a percentage of GDP. In 2024, defense expenditure in Europe is estimated to reach $380 billion, up from $347 billion in 2023. This increase represents 2% of GDP for NATO European countries, up from 1.85% in 2023. While defense spending has risen in recent years, it remains below the NATO guideline of 2% of GDP for many European allies.

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    February 2024

    Defence expenditure as percentage of GDP


    NATO total and NATO Europe

    Defence expenditure in 2015 prices and as a % of GDP NATO Europe

    Billion USD %

    500 3.0

    450 Defence expenditure 2.8


    NATO Europe 380
    400 2.6
    347
    350 300
    313 2.4
    291
    278
    300 254
    268
    2.00
    2.2
    235 236 244
    250 1.85 2.0
    1.75 1.70
    200 1.70 1.8
    1.53 1.56
    150 1.47 1.44 1.46 1.48 1.6
    Defence expenditure as % GDP
    100 1.4
    NATO Europe
    50 1.2

    0 1.0
    2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024e

    Def. Exp. Europe % NATO Europe

    GDP and defence expenditures in 2015 prices (billion USD)

    2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024e
    GDP NATO Total 35,304 36,167 36,839 37,856 38,782 39,585 37,917 40,233 41,341 42,276 42,827
    GDP NATO Europe 15,987 16,315 16,639 17,151 17,465 17,752 16,616 17,709 18,356 18,769 18,970
    Def. Exp. NATO Total 910 896 913 904 929 999 1,018 1,057 1,037 1,075 1,159
    Def. Exp. Europe 235 236 244 254 268 278 291 300 313 347 380
    % NATO Total 2.58 2.48 2.48 2.39 2.40 2.52 2.69 2.63 2.51 2.54 2.71
    % NATO Europe 1.47 1.44 1.46 1.48 1.53 1.56 1.75 1.70 1.70 1.85 2.00

    Sources: Defence spending – Allies Annual National Reports as at December 2023. GDP – OECD Economic Outlook, dated
    29 November 2023 and from the European Economic Forecast from DG ECFIN, dated 15 November 2023.

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