Jul 6, 2024
Non-U.S. NATO Members are Ramping Up Defense Spending 🪖
What We’re Showing
This graphic visualizes the annual % change in defense expenditure among NATO members (excluding the U.S.).
Key Takeaway
NATO members have significantly increased their defense spending over the past two years, likely due to the ongoing conflicts in Ukraine, Israel, etc.
Fact
23 of NATO’s 32 members are now meeting the minimum level of annual defense spending (2% of GDP). This is up significantly from 10 members in 2023.
Dataset
| Year | Change (%) |
|---|---|
| 2012 | -2.7 |
| 2013 | -1.3 |
| 2014 | -0.9 |
| 2015 | 1.6 |
| 2016 | 3.0 |
| 2017 | 5.9 |
| 2018 | 4.2 |
| 2019 | 3.6 |
| 2020 | 4.7 |
| 2021 | 2.5 |
| 2022 | 3.7 |
| 2023e | 9.3 |
| 2024e | 17.9 |
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