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In 2020, NATO assigned USD 1.1 trillion for military needs

Source : 112 Ukraine

The most significant increase of expenses is observed in the U.S.; the White House urges NATO partner countries to allocate at least 2 percent of their GDP
14:07, 17 March 2021

Open source

In spite of the strong cut of tax revenues due to the coronavirus pandemic, last year, the NATO countries still allocated almost 1.1 trillion dollars to cover the military needs. That's 2.7 percent more than in 2019. DW reported that with the reference to a speech made by Jens Stoltenberg, the Alliance's Secretary General. 

The most significant increase of expenses is observed in the U.S.; that's 3.9 percent-growth. The government has been aiming for more balanced distribution of expenses in this area among the NATO member states. In 2020, the U.S. allocated 785 billion dollars for the military needs. That's almost 2.4 times more than the rest of 29 partner countries combined, and the highest GDP share among them (3.7 percent).

The White House urges NATO partner countries to allocate at least two percent of their GDP on defense expenses. 

Related: International NATO exercises begin in the Black Sea

Earlierm, we reported that the United States is currently the world's largest firearms exporter. Xinhua news agency wrote that, with the reference to a report made by the SIPRI.

According to the document, in 2016-2020, 37 percent of the world's firearms export belonged to the USA; that's 17 percent more than the share of Russia, which is the second largest exporter. 

Over these five years, the U.S. exported weapons to 96 countries and regions, which makes much more than other arms exporters. Almost half of the American exports ended up in the Middle East, with Saudi Arabia being the major importer (24 percent).

Related: German Defense Ministry warns of Russia's plans to destabilize NATO

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