13 December 2024

NATO Boss Mark Rutte: "Tp Prevent War, NATO Must Spend More"

NATO was founded in 1949 by 12 member states – Belgium, Canada, Denmark, France, Iceland, Italy, Luxembourg, the Netherlands, Norway, Portugal, the United Kingdom and the United States.
Its aim was to curb Soviet expansion and encourage political integration in Europe - in 2022 only 7 of NATO's 32 allies spend 2% for defense spending: 
Bloomberg News
Only Seven NATO Countries Meet Goal to Spend 2% of GDP on Defense - Bloomberg
Over the past 75 years, its membership has grown to 32 members with Finland and Sweden becoming the latest countries to join in 2023 and 2024, respectively.

The United States remains the world’s largest military spender by far. In dollar terms, the US represents about two-thirds of NATO countries’ annual defense spending, budgeting an estimated $967bn.
This represents about 3.4% $28.7 trillion US economy.

NATO Secretary General Mark Rutte delivers speech at Carnegie Endowment for Peace Europe event

  • 12 Dec. 2024 -
  • |
  • Last updated: 12 Dec. 2024 17:54


“To Prevent War, NATO Must Spend More”: A Conversation With NATO Secretary General Mark Rutte


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ATO members' defence expenditure as share of GDP

In 2006, NATO defence ministers agreed to commit a minimum of 2 percent of their gross domestic product (GDP) to defence spending to ensure military readiness of the Alliance. The table below shows how much each NATO member spends on its military as a share of its GDP in 2024.

Table with 4 columns and 31 rows. Sorted descending by column "Defence expenditure as a share of GDP"
 Poland*
4.12%
$34,975$848.86
 Estonia*
3.43%
$1,437$41.89
 United States
3.37%
$967,707$28,719.94
 Latvia*
3.15%
$1,421$45.15
 Greece
3.08%
$7,684$249.81
 Lithuania*
2.85%
$2,300$80.72
 Finland
2.41%
$7,308$302.72
 Denmark
2.37%
$9,940$418.58
 United Kingdom
2.33%
$82,107$3,520.50
 Romania*
2.25%
$8,644$383.92
 North Macedonia
2.22%
$353,000$15.87
 Norway
2.2%
$10,606$482.58
 Bulgaria
2.18%
$2,325$106.72
 Sweden
2.14%
$13,428$626.54
 Germany
2.12%
$97,686$4,610.04
 Hungary
2.11%
$4,889$231.61
 Czech Republic*
2.1%
$6,834$326.13
 Turkey
2.09%
$22,776$1,090.29
 France
2.06%
$64,271$3,120.35
 Albania
2.03%
$516,000$25.43
 Montenegro
2.02%
$162,000$8.02
 Slovakia
1.99%
$2,841$142.81
 Netherlands
1.85%
$21,460$1,162.88
 Croatia
1.81%
$1,624$89.90
 Portugal
1.55%
$4,627$298.98
 Italy
1.49%
$34,462$2,311.17
 Canada
1.37%
$30,495$2,233.83
 Belgium
1.3%
$8,519$655.74
 Luxembourg
1.29%
$785,000$60.69
 Slovenia
1.29%
$949,000$73.52
 Spain
1.28%
$21,269$1,658.36
* These Allies have national laws or political agreements which call for 2% of GDP or more to be spent on defence annually
Source: NATO | 2024

WORLD BANK 2024 forecast 



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