10 Jul '18, 11am

5 surprising facts about global #military spending

5 surprising facts about global #military spending

Since its founding in 1949, the North Atlantic Treaty Organization (NATO) has convened members at important moments to reinforce partnership and address critical issues. The next gathering of heads of state and government takes place in Brussels from 11-12 July. The summit comes amid tensions over whether member countries are meeting domestic military spending targets. At the 2014 summit in Wales, NATO members made a “Defence Investment Pledge” to move towards spending 2% of GDP on defence within a decade (for those member states not already doing so). Here are five facts about defence spending by NATO member countries, in a global context: 1. Global military spending is at its highest level since the Cold War. Combined global military expenditure is estimated to have reached $1.74 trillion in 2017 - the highest it has been since the end of the Cold War. 2. NATO military s...

Full article: https://www.weforum.org/agenda/2018/07/5-facts-global-mil...

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