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
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 2 free stories per week
- Daily news round-up email service
- Access to all Decisive Edge email newsletters
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
More from Defence Notes
-
![Just Released: Military Training Technology Report October 2024 now available to read]()
Just Released: Military Training Technology Report October 2024 now available to read
How the latest portable simulation solutions can deliver JTAC training wherever it is needed
-
![Just released: Night Vision & Situational Awareness Technology Report 2024 now available to read]()
Just released: Night Vision & Situational Awareness Technology Report 2024 now available to read
How night vision devices and soldier-worn sensors are underpinning advanced tactical C4ISR capabilities
-
![How temporary funding could affect the US military’s critical acquisition programmes]()
How temporary funding could affect the US military’s critical acquisition programmes
Operating under continuing resolutions would affect Patriot, Virginia-class, Columbia-class and B-21 programmes.
-
![Brazil’s proposed $23.7 billion defence budget targets GDP-linked military funding]()
Brazil’s proposed $23.7 billion defence budget targets GDP-linked military funding
Brazil’s 2025 budget proposals will see a 5.9% increase in defence spending, with funds allocated for key programmes including the procurement of helicopters, armoured vehicles and nuclear-powered submarines, despite looming fiscal challenges.
-
![Russia is evading sanctions and purchasing US components for its arsenal, warns US Senate]()
Russia is evading sanctions and purchasing US components for its arsenal, warns US Senate
Democratic Senator Richard Blumenthal has claimed that Russian bombs, missiles and drones “supported by American technologies” have been fatally used on Ukrainians soldiers and civilians.
