NATO has for years been pushing for more spending by its member states.
The alliance increased overall defense spending for the first time in two decades in 2015, but most NATO countries still don't pay their recommended share.
New spending data released on Monday show the U.S. shells out far more money on defense than any other nation on the planet.
The U.S. also spends the highest proportion of its GDP on defense: 3.61%. The second biggest NATO spender in proportional terms is Greece, at 2.38%, according to NATO. U.S. presidential candidate Hillary Clinton called on other NATO members to spend more on defense.
NATO's official guidelines say member states should spend at least 2% of their GDP on defense.
All member countries that fall below the threshold committed in 2014 to gradually ramp up military spending to reach the target within the next decade.
"We are spending more and we are spending better, but we have a very long way to go," Stoltenberg said ahead of the summit.
https://money.cnn.com/2016/07/08/news/nato-summit-spending-countries/index.html
The alliance increased overall defense spending for the first time in two decades in 2015, but most NATO countries still don't pay their recommended share.
New spending data released on Monday show the U.S. shells out far more money on defense than any other nation on the planet.
The U.S. also spends the highest proportion of its GDP on defense: 3.61%. The second biggest NATO spender in proportional terms is Greece, at 2.38%, according to NATO. U.S. presidential candidate Hillary Clinton called on other NATO members to spend more on defense.
NATO's official guidelines say member states should spend at least 2% of their GDP on defense.
All member countries that fall below the threshold committed in 2014 to gradually ramp up military spending to reach the target within the next decade.
"We are spending more and we are spending better, but we have a very long way to go," Stoltenberg said ahead of the summit.
https://money.cnn.com/2016/07/08/news/nato-summit-spending-countries/index.html
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