Record budget for NATO countries announced

The combined defense budget of all NATO member countries at current prices will reach a record high of nearly $1.5 trillion in 2024. The Alliance released the relevant information on Tuesday, June 18.

In absolute terms (at current prices), over the past 10 years, total defense spending by NATO allies has increased from 943 billion 218 million dollars in 2014 to 1 trillion 474 billion 399 million US dollars in 2024 ( according to the forecast) .

The bulk of spending this year came from the United States – $967 billion 707 million, while the combined defense spending of European allies and Canada equaled $506 billion 693 million.

The United States has the largest army in NATO – 1 million 300 thousand troops, while the European allies and Canada together account for 2 million 118 thousand troops.

Among the countries whose army number exceeds 100 thousand military personnel are France (204.7 thousand), Germany (185.6 thousand), Greece (110.8 thousand), Italy (171.4 thousand), Poland (216 ,1 thousand ). thousand) Spain (117.4 thousand), Turkey (481.0 thousand), Great Britain (138.1 thousand).

In total, all NATO countries have a human capacity of 3 million 418.6 thousand military personnel.

It was previously known that this year more than 20 NATO members will achieve the Alliance’s goal of devoting at least 2% of GDP to defense. This is a record figure. Five NATO allies already spend more than 3% of GDP on defense – Poland (4.12% of GDP), Estonia (3.43%), USA (3.38%), Latvia (3.15%) and Greece (3.08% ).

Among the countries with defense spending below 2% of GDP are Croatia, Portugal, Italy, Canada, Belgium, Luxembourg, Slovenia and Spain.