NATO’s European Allies and Canada have invested a total of $486 billion in defence, an amount that is 19.4% higher in real terms than in 2023, the Alliance announced in a report published on Friday 25 April.
This is the tenth consecutive year of increases. Over the last decade, the European and Canadian Allies have added more than $700 billion to their defence budgets.
Total military spending by the Allies in 2024 is estimated at around $1,300 billion.
In 2024, 22 Allies met the target of devoting 2% of their GDP to defence. Poland was the biggest spender at 4.07%. All the Allies increased their percentage of defence spending, with the exception of the United States, which fell from 3.36% of GDP to 3.19%. 28 Allies have met the commitment to devote more than 20% of their defence spending to equipment (with a rate of 49.7% for Poland).
In 2024, the United States accounted for 53% of the Allies’ combined GDP and 64% of combined defence spending.
In terms of support for Ukraine, NATO countries committed over $55 billion in military aid last year, 60% of which came from Europe and Canada.
See the report: https://aeur.eu/f/gkq (Original version in French by Camille-Cerise Gessant)