At the moment, Poland is the NATO member state spending the most per GDP on defense investments, according to the latest data ...

Newsweek has created a map to show how much money countries around the world spent on defense, as global military expenditure surged to an all-time high of reaching $2.718 trillion.. This marks a ...

On top of the fact that global military spending has surged in the past ten years, these developments indicate that the world’s largest nations now prioritise military over economic diplomacy. One of ...

Get the latest news on President Donald Trump’s second term in the White House and the Republican-led Congress.

NATO Secretary-General Mark Rutte is upbeat that the military organization will agree a massive spending hike at a ...

They upped the ante for what NATO calls “core defense spending” to 3.5%, while changing how it’s counted to include providing military support to Ukraine.

And though spending in South Korea went up only 1.4% in 2024, Seoul has the “highest military burden in East Asia,” at 2.6% of GDP, the institute said.

President Joe Biden has signed the National Defense Authorization Act into law, authorizing $768.2 billion in military spending, including a 2.7% pay raise for service members, for 2022.

Japan’s military budget rose 21% in 2024 – Tokyo’s largest increase since 1952. That brought military spending to 1.4% of gross domestic product, the biggest chunk of Japan’s economy ...