Defense spending: Germany reports record amount to NATO

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Defense spending
Germany reports record sum to NATO

In the past, according to documents from the NATO archives, Germany last spent two percent of its gross domestic product (GDP) in 1992. photo

© Kay Nietfeld/dpa

NATO member states should spend at least two percent of their gross domestic product on defense annually. For Germany, this goal seemed a long way off for years – until now.

For the first time in three decades, Germany has reported to NATO planned defense spending amounting to two percent of gross domestic product. According to research by the dpa, the federal government submitted an amount for the current year that, when converted into comparative figures from the defense alliance, corresponds to a sum of 73.41 billion dollars. In absolute terms, this is a record for Germany and, according to the current NATO forecast, would mean a GDP ratio of 2.01 percent.

In the past, according to documents from the NATO archives, Germany last spent two percent of its gross domestic product (GDP) in 1992. During the Cold War years the rate was usually over three percent.

The development of defense spending by the NATO states will be discussed this Thursday at a meeting of defense ministers at the alliance headquarters in Brussels. It is expected that around 20 of the 31 NATO countries will reach the two percent target this year.

dpa

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