NATO estimates most members will not reach 2% of GDP defence spending target in 2022
Dutch soldier fires a light machine gun during Exercise Griffin 2022. (Photo: NATO)
Although two-thirds of NATO member states will not reach 2% of the GDP in defence spending in 2022, almost 80% of the countries (23 nations) earmarked more than 20% of their defence budgets to equipment and modernisation.
Data recently released by NATO indicates that 20 of its 30 member states will not reach the desired spending benchmark of 2% of GDP on defence in 2022.
Croatia (2.03%), Estonia (2.34%), Greece (3.76%), Latvia (2.10%), Lithuania (2.36%), Poland (2.42%), Slovakia (2%), the UK (2.12%) and the US (3.47%) are the only countries that are expected to achieve the goal this year.
The allocation of 2% of the GDP to defence expenditure was agreed upon by NATO defence ministers in 2006 as a way to ensure the Alliance’s military readiness as well as an indicator of its members' willingness to contribute to common
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
- Personalised news alerts
- Daily and weekly 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
You may also like
More from Defence Notes
-
![US lawmakers warn that “more military spending is absolutely necessary” to ensure Pentagon’s readiness]()
US lawmakers warn that “more military spending is absolutely necessary” to ensure Pentagon’s readiness
The US Congress has raised concerns about how inflation rates and cuts in main acquisition programmes could affect the US military.
-
![US FY2024 funding package passes as China closes military capability gap]()
US FY2024 funding package passes as China closes military capability gap
The Pentagon has been operating under temporary funding since October 2023, which has impacted its main acquisition and development programmes, increasing the capability gap between the US and China.
-
![NATO outlines future challenges as Ukrainian funding from US stalls]()
NATO outlines future challenges as Ukrainian funding from US stalls
In 2023, defence spending increased by an unprecedented 11% across European NATO countries and Canada. Since 2014, the group has spent an additional US$600 billion on defence.
-
![US Pentagon to reduce investments in main acquisition programmes over FY2025]()
US Pentagon to reduce investments in main acquisition programmes over FY2025
The DoD requested nearly US$850 billion to fund operations over the next fiscal year. Despite the amount being 1% higher than the FY2024 budget request, it has not covered the 3% inflation rate, which could impact the DoD’s main programmes in the medium and long term.
-
![Haiti crisis forces Caribbean militaries to prepare for intervention]()
Haiti crisis forces Caribbean militaries to prepare for intervention
As gangs gain control of Port-au-Prince, Haiti’s Caribbean neighbours have been preparing to intervene in the failed state, with the US and other partners waiting in the wings with equipment and financial support.
