In 2017, only six countries met the criteria of the 2 percent guideline (the United States, Greece, UK, Estonia, Poland and Romania). Not much has changed for the United States, which continues to bare 72 percent of the burden of NATO’s defense budget. Currently, the United States contributes $693 billion in NATO’s total of $946 billion. ?In Europe, the three biggest defense spenders (in nominal terms) are: the UK with $55 billion, France with $44 billion and Germany with $43 billion. Together, these three European countries contribute only 15 percent of the total.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.