European defence spending sets a new record surpassing €200 billion
EDA countries have been joining efforts to improve their inventory. (Photo: Lithuanian Armed Forces)
European Defence Agency member states invested €214 billion ($226 billion) in defence in 2021 and are set to increase their budgets even more in the coming years.
The European Defence Agency’s (EDA) annual Defence Data report for 2020-2021, released on 8 December, showed that the defence spending in the region set a record last year, reaching €214 billion ($226 billion).
Even so, EDA member states are expected to raise their military budgets even more in the coming years.
The EDA report stated that the defence expenditure resisted the economic impact caused by the COVID-19 pandemic, and ‘member States’ announcements following Russia’s war of aggression against Ukraine signal that the increase in spending is likely to continue in the years ahead.
During the EDA Annual Conference 2022: Investing in
Our news & analysis is now part of Defence Insight®
A Basic-level or higher Defence Insight subscription is now required to view this content.
More from Defence Notes
-
![Patria OPTIME and ILIAS: Orchestrating operational readiness across every domain]()
Patria OPTIME and ILIAS: Orchestrating operational readiness across every domain
Patria OPTIME is a sustainment concept that integrates MRO and lifecycle services into one solution, powered by the ILIAS digital defence platform
-
![US military seeks common controllers for drones and robotic systems]()
US military seeks common controllers for drones and robotic systems
US Air Force, Army, Marine Corps and Special Operations Command initiatives signal demand for interoperable uncrewed systems control, creating opportunities for suppliers of hardware, software and integration services.
-
![“Engage with the operational problem”: how software innovation can boost UK defence]()
“Engage with the operational problem”: how software innovation can boost UK defence
In Conversation… Shephard’s Andrew White talks to Zafer Şen, CEO and co-founder of OBSS, about the future of command-and-control software in the age of artificial intelligence, and his company’s ambitions in the UK defence market.
-
![“Capital follows confidence” as defence courts private money]()
“Capital follows confidence” as defence courts private money
Outside investment and the direction in which venture money flows may reveal what defence will buy years before formal programmes begin.
