Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • Bangladesh ex-PM Hasina sentenced to six months in contempt case | Sheikh Hasina News
    • Report: Three notable teams want to sign Damian Lillard
    • A ‘win-win situation’ that could come out of refinery shutdowns
    • Sean ‘Diddy’ Combs trial updates: Combs found guilty on 2 of 5 counts
    • Who are the Maniacs Murder Cult and the Russian Imperial Movement set to be proscribed with Palestine Action
    • Trump Lifts Sanctions On Syria
    • Thank a Democrat: New Data Shows Assaults on ICE Officers are Up 700% Compared to the Same Time Last Year Under Open Borders Joe Biden (VIDEO) | The Gateway Pundit
    • UK prosecutors consider further charges against baby killer Lucy Letby
    Prime US News
    • Home
    • World News
    • Latest News
    • US News
    • Sports
    • Politics
    • Opinions
    • More
      • Tech News
      • Trending News
      • World Economy
    Prime US News
    Home»Latest News»Which countries are the top military spenders and where does Europe rank? | Military News
    Latest News

    Which countries are the top military spenders and where does Europe rank? | Military News

    Team_Prime US NewsBy Team_Prime US NewsFebruary 17, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    EXPLAINER

    The US, the biggest navy spender on this planet, allocates $880bn to its defence – greater than the subsequent eight nations mixed.

    European leaders are assembly in Paris for an emergency summit to debate how to reply to United States President Donald Trump’s choice to carry talks with Russia to finish the Ukraine warfare with out European involvement.

    Monday’s assembly within the French capital follows the Munich Safety Convention, which ended on Sunday, the place US Vice President JD Vance reiterated Trump’s stance that Europe should enhance its defence spending.

    In January, Trump known as on NATO’s European members to allocate 5 p.c of their gross nationwide merchandise (GDPs) to defence. NATO Secretary-Common Mark Rutte has additionally inspired member states to extend their defence spending.

    How a lot is world navy spending?

    International navy spending hit $2.44 trillion in 2023, or $306 per individual, marking a 6.8 p.c enhance from the earlier 12 months, in line with the Stockholm Worldwide Peace Analysis Institute (SIPRI). This was the biggest year-on-year rise since 2009.

    By comparability, in 2000, world navy expenditures have been $798bn, or $130 per capita – lower than a 3rd of the quantity spent at this time.

    International navy spending is the full cash spent by nations on their navy forces and associated actions. This contains prices for troopers, operations, weapons, tools, analysis and navy infrastructure.

    Which nations spend essentially the most on their militaries?

    The US is the biggest navy spender on this planet. In 2023, it paid out $880bn –  greater than the subsequent eight nations mixed, in line with SIPRI.

    China is the second highest spender with $309bn, adopted by Russia at $126bn, India at $83bn and Saudi Arabia at $74bn.

    The desk beneath exhibits the full navy spending for every nation worldwide in addition to their per capita spending and spending as a share of their GDPs and authorities budgets. Click on on the columns to kind the desk from highest to lowest.

    Which nations spend essentially the most on their militaries as a share of GDP?

    Because of its ongoing warfare with Russia, Ukraine allotted $62bn to its navy in 2023, the very best share of GDP at 36.7 p.c.

    Lebanon ranked second, spending 8.9 p.c of its GDP, adopted by Algeria at 8.2 p.c, Saudi Arabia at 7.1 p.c and South Sudan at 6.3 p.c.

    How a lot does every NATO member spend?

    NATO, established in 1949 by 12 founding member states, is the world’s strongest navy alliance. Its authentic function was to restrict Soviet growth and promote political unity in Europe.

    Over the previous 75 years, its membership has grown to 32 members with Finland and Sweden turning into the most recent nations to affix in 2023 and 2024, respectively.

    (Al Jazeera)

    In 2006, the alliance’s defence ministers agreed to commit a minimal of two p.c of their GDPs to defence spending to make sure the navy readiness of the alliance.

    Presently, two-thirds of its members (23 of 32) have fulfilled this dedication, elevating the cash spent on defence by all NATO members to $1.47 trillion in 2024. That is up from simply 10 nations assembly the two p.c guideline in 2023 and three nations assembly the dedication in 2014.

    The desk beneath exhibits NATO members’ defence expenditures as a share of GDP, primarily based on NATO’s 2024 report.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleFormer AL MVP moving positions in hopes of staying healthy
    Next Article Israel PM says ‘committed’ to Trump’s Gaza plan
    Team_Prime US News
    • Website

    Related Posts

    Latest News

    Bangladesh ex-PM Hasina sentenced to six months in contempt case | Sheikh Hasina News

    July 2, 2025
    Latest News

    At least three dead after AU helicopter crashes at airport in Somalia | Aviation News

    July 2, 2025
    Latest News

    FIFA Club World Cup quarterfinals: Qualified teams and full schedule | Football News

    July 2, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Most Popular

    Trump to ‘activate’ Marines to respond to LA protests in major escalation | Donald Trump News

    June 9, 2025

    Xi has a plan for retaliating against Trump’s gamesmanship

    January 5, 2025

    On the Ukrainian front, soldiers react to Trump: Reporter’s notebook

    March 15, 2025
    Our Picks

    Bangladesh ex-PM Hasina sentenced to six months in contempt case | Sheikh Hasina News

    July 2, 2025

    Report: Three notable teams want to sign Damian Lillard

    July 2, 2025

    A ‘win-win situation’ that could come out of refinery shutdowns

    July 2, 2025
    Categories
    • Latest News
    • Opinions
    • Politics
    • Sports
    • Tech News
    • Trending News
    • US News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Primeusnews.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.