Global Military Spending - NEWS ONLY

Grey Havoc

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The first to make a 180° turnaround was Germany. Just four days after Russia’s invasion began, Chancellor Olaf Scholz announced his government would ramp up its defense spending in 2022 alone by €100 billion ($112 billion) taking defense spending from 1.53% of GDP to above 2%.


That is the figure recommended by NATO estimated to have been only met in 2021 by the US, Greece (3.82%), Croatia (2.79%), the United Kingdom (2.29%), Estonia (2.28%), Latvia (2.27%), Poland (2.10%), Lithuania, (2.03%), Romania (2.02%) and France (2.01%), according to NATO statistics. (That Germany had not met that threshold was a major political sticking point during the Trump administration, leading to tensions between Washington and Berlin.)
 

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