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Image header Agence Europe
Europe Daily Bulletin No. 13700
Contents Publication in full By article 17 / 32
SECURITY - DEFENCE - SPACE / Defence

Record defence spending by Member States in 2024, at €343 billion

On Tuesday 2 September, the European Defence Agency (EDA) announced that defence spending by the 27 EU Member States in 2024 had reached the “unprecedented figure” of €343 billion, an increase of 19% compared to 2023, taking spending to 1.9% of GDP.

For the first time, defence investment has reached €106 billion, representing 31% of total expenditure, and research and development (R&D) expenditure €13 billion (up 20% between 2023 and 2024, compared with an increase of 6%...

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