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NATO Allies Increase Defense Spending to 2% of GDP
Commitment to Shared Defense
The United States and NATO are set to announce that an increasing number of allied countries are meeting the target of spending at least 2% of their GDP on defense. This is a significant step towards bolstering the collective defense capabilities of the alliance.
Reaching the Target
More than 20 NATO members are expected to meet the 2% target this year, up from just a handful a few years ago. This is a testament to the growing recognition among Allies of the importance of defense investment.
2006 Decision
In 2006, NATO Defense Ministers agreed to commit a minimum of 2% of their Gross Domestic Product (GDP) to defense. This guideline was established as a way to ensure that Allies were contributing their fair share to the common defense effort.
Data Collection
NATO collects defense expenditure data from Allies and publishes it on a regular basis. Each Ally's Ministry of Defense reports current and estimated future defense spending. This information is used to track progress towards the 2% target.
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