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Image header Agence Europe
Europe Daily Bulletin No. 13304
Contents Publication in full By article 20 / 40
SECURITY - DEFENCE / Defence

Inflated by acquisition of new equipment, spending reached record levels in 2022, according to EDA

On Thursday, 30 November, the European Defence Agency (EDA) announced in its annual report on defence data that European defence spending increased 6% in 2022, hitting a record €240 billion. This is the eighth consecutive year of growth, but spending should have reached €316 billion if all Member States had adhered to NATO’s guideline of 2% of GDP.

Of the 27 EU Member States, 20 increased their defence spending—6 of which did so by more than 10%. Sweden (+30.1%),...

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