The combined defense expenditure for members of NATO was approximately 1.47 trillion U.S. dollars in 2024, the highest NATO members have collectively spent on defense during the provided time period. During this time period, NATO's collective defense spending was lowest in 2015, at 895.68 billion dollars, but has increased every year since then, reaching over one trillion U.S. dollars for the first time in 2019.
Combined defense expenditure of NATO countries from 2014 to 2024
(in billion U.S. dollars)
Characteristic
Defense expenditures in million U.S. dollars (current prices)
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NATO. (June 18, 2024). Combined defense expenditure of NATO countries from 2014 to 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1293301/combined-defense-expenditures-nato/
NATO. "Combined defense expenditure of NATO countries from 2014 to 2024 (in billion U.S. dollars)." Chart. June 18, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1293301/combined-defense-expenditures-nato/
NATO. (2024). Combined defense expenditure of NATO countries from 2014 to 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1293301/combined-defense-expenditures-nato/
NATO. "Combined Defense Expenditure of Nato Countries from 2014 to 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 18 Jun 2024, https://www.statista.com/statistics/1293301/combined-defense-expenditures-nato/
NATO, Combined defense expenditure of NATO countries from 2014 to 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1293301/combined-defense-expenditures-nato/ (last visited November 21, 2024)
Combined defense expenditure of NATO countries from 2014 to 2024 (in billion U.S. dollars) [Graph], NATO, June 18, 2024. [Online]. Available: https://www.statista.com/statistics/1293301/combined-defense-expenditures-nato/
