Overview

• The European Defence Agency reports EU members spent €343 billion on defence in 2024, a 19 percent rise from 2023.
• The agency projects total defence spending will increase to €381 billion in 2025.
• Nearly €130 billion of planned outlays are earmarked for investments in new weapons and capabilities, according to the EDA.
• The European Commission says 19 of 27 member states have applied to the EU’s €150 billion rearmament fund for cheaper defence loans.
• EU countries spent €88 billion on armaments in 2024, and the EDA says that figure should exceed €100 billion in 2025.