In this final part of the Global Annual Defense Spending Snapshot series, Forecast International analysts examine defense spending trends in regions shaping 56% of the global landscape — Europe and the USA. EuropeEuropean defense spending has been on the rise since 2014, but many countries struggled to meet NATO’s goal of spending 2% of GDP on defense. In response to these efforts, Europe’s share of global defense spending reached 15 percent last year. It currently accounts for a whopping 41 percent of global defense spending. To further explore these insights and additional spending forecasts from Forecast International analysts, please download our Global Defense Spending Annual Snapshot series at www.forecastinternational.comShare this:TweetPrintEmail

Source: The North Africa Journal May 14, 2024 11:44 UTC