Total military spending of NATO countries to grow over 4%

The total defense spending of all 30 NATO countries will grow by 4.1 percent in 2021 and will again exceed $1 trillion, reads a statistical report of NATO, published in anticipation of the summit of the heads of state of the alliance on June 14 in Brussels, Report informs referring to TASS.

According to the document, in 2020, despite the pandemic, the alliance’s military spending increased by 3.5 percent and amounted to $1.027 trillion.

The document says that 10 out of 30 NATO states will spend more than 2 percent of their gross domestic product (GDP) on military needs.

Greece will spend the biggest part of its GDP - 3.82 percent on defense in 2021, followed by the US - 3.52 percent. The total military spending of all countries of the alliance this year is estimated at $1.05 trillion.