Sentences with phrase «gdp on defense»
The U.S. continues to urge each member of the North Atlantic Treaty Organization (NATO) to meet its 2014 pledge to spend 2 % of GDP on defense by 2024.
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The USA spends ~ 3.3 % of its GDP on defense.
They have all committed to spend a minimum of two percent of their GDP on defense, higher than that of many current allies.
Why do most NATO members fail to spend the agreed target of 2 % of GDP on defense?
China spends around 2 % of GDP on defense, compared to 3.5 % of GDP for the US.
Though the German government is notionally committed to the alliance's 2 - percent defense - spending target, it only spent 1.2 percent of its GDP on defense last year — an amount her coalition partners, the Social Democrats, and more than half the German public oppose increasing.
Not exact matches
«We had already adjusted defense spending as a share of GDP upwards to historic levels,» says lead author Sarah Carlson, a Moody's SVP, who adds that Moody's hasn't yet run the numbers on the non-defense cuts.
That will be more than we spend each year on defense or Medicaid, and as a share of GDP, it could be the highest in history.