NATO allies in Europe, Canada invested $485B in defense in 2024

In 2024, NATO allies in Europe and Canada invested $485 billion in defense, a nearly 20% increase compared with 2023, said NATO Secretary General Mark Rutte ahead of the meeting of NATO Defence Ministers in Brussels, Report informs.

With a full two-thirds of allies spending at least 2% of their GDP on defense, Rutte expects even more allies to meet and, in many cases, exceed the target in 2025.

"So we are seeing substantial progress. But we need to do a lot more so we have what we need to deter and defend. And so that there is more equitable burden-sharing in place," he stated.