NATO countries to spend over $1T for defense in 2019
29 member countries' defense expenditures in 2018 totaled around $970B, says alliance
NATO is estimating that this year its member countries' total defense expenditures will reach $1.04 trillion.
Over the last seven years -- 2012 to 2018 -- the alliance’s 29 member countries spent a total of around $6.6 trillion, according to a NATO report released Tuesday.
Last year the member countries' defense expenses totaled $970.3 billion, the report highlighted.
In 2019, the U.S. made the largest single-country expenditures -- $730 billion -- followed by Britain ($60.4 billion), Germany ($54.1 billion), France ($50.7 billion), and Canada ($21.9 billion), the report said.
Turkey's defense expenditures, which were $14.1 billion last year, will reach $13.9 billion in the current year, the report forecasted.
NATO estimated that its member countries would spend 2.51% of their GDP in 2019 for defense.
The organization's member countries have a total of 3.26 million military personnel, including 41% of them in the U.S., 13% in Turkey, and 6.4% in France.
Defense expenditures included personnel, equipment, research and development, and infrastructure expenses, according to NATO.Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.