Which NATO countries are meeting the 2% defense spending commitment?
Published On Jun 20, 2024, 6:00 AM
As of 2024, 23 out of 32 NATO member countries have met the commitment to spend at least 2% of their GDP on defense, the highest number since the guideline was established in 2014. This increase follows security concerns linked to geopolitical tensions, particularly Russia's actions in Ukraine. Countries like the United States, United Kingdom, Poland, Finland, and Sweden are among those meeting or exceeding this spending target.
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The significant increase in defense spending may benefit defense contractors and military technology firms as NATO countries ramp up their military capabilities in response to heightened global security threats.
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