Defense spending continues yearslong climb among NATO members
Defense spending increased for the seventh consecutive year within the NATO alliance, with the United States picking up much of the tab, according to figures in NATO’s annual report released Thursday.
In 2021, the U.S. accounted for 69% of defense expenditures within the NATO alliance while only accounting for 51% of allied gross domestic product. By contrast, Germany — the second largest economy within NATO — represented 5% of allied defense spending while accounting for 10% of NATO GDP.