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world5h ago
Europe’s defence landscape: Which countries spend the most?
- EU defence spending in 2024 hit €343.2 billion, with Germany leading at €90.6 billion and France at €59.6 billion.
- The top five EU spenders together accounted for about 69% of the bloc’s total defence outlay in 2024.
- Defence spending rose significantly since 2020, with a nominal surge of about 100% over the decade and a 63% real increase when adjusted for inflation.
- Per-person defence spending varies widely, with Denmark and several others exceeding €1,000 per resident in 2024.
- NATO and EU goals push higher spending, with a target of 5% of GDP by 2035 among members.
- UK and Turkey, while not EU members, are major European NATO contributors with substantial budgets in 2024.
- Fourteen EU countries spent less than €5 billion each in 2024, showing significant spread within the bloc.
- Europe’s defence outlays reflect ongoing security concerns and potential shifts in alliance commitments.
- Eurostat and EDA figures show varying nominal vs. real spending changes, with inflation-adjusted gains still substantial.
- The analysis notes potential risks if security guarantees are omitted in future peace plans with Russia.
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