Record Number of NATO Members to Meet 2% Defense Spending Goal

23 out of 32 NATO nations are set to reach the alliance's defense spending target in response to growing security concerns.

NATO's 2% of GDP defense spending guideline was established in 2014 after Russia's annexation of Crimea.
The increase in defense budgets follows Russia's 2022 invasion of Ukraine, prompting higher military investments.
Germany and France are among the countries significantly boosting their defense expenditures.
The United States remains the largest defense spender, with its budget expected to reach $968 billion in 2024.
Only Canada, Belgium, and Iceland are not expected to meet the 20% equipment spending guideline.