"One of the main criticisms of the North Atlantic Treaty Organization (NATO) is that the United States assumes a disproportionate share of the burden. To address the imbalance a political commitment was reached at a 2014 summit in Wales. NATO members committed to spending at least 2% of their GDP on defense. When the agreement was made, only four countries (US, UK, Greece, Estonia) were at or near the required spending level. Today, 23 NATO members now meet that criteria."
"The United States is still the largest overall spender and has the biggest military. However, by percentage of GDP, the United States is now third in defense spending in NATO, behind Poland and Greece. Poland spends far more of its GDP on defense than any other member of NATO at 4.12%. It's the fastest-growing military in NATO and will only grow stronger if its defense reforms come to fruition."
NATO members agreed at the 2014 Wales summit to spend at least 2% of GDP on defense. Initially only four countries (US, UK, Greece, Estonia) met or neared the target; today 23 members meet it. The United States remains the largest overall defense spender and has the largest military, but ranks third by defense spending as a share of GDP. Poland allocates 4.12% of GDP to defense, fields the fastest-growing military in NATO, pursues major reforms, and is building forces to become a stronger regional power in response to the war in Ukraine and historical security concerns.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]