Germany's Defense Spending Surges, Impacting Global Military Expenditure
Germany's defense spending has increased significantly, marking a 24% rise to $114 billion in 2025, the highest since 1990. This increase is part of a broader trend in Europe, where military expenditure surged by 14% to $864 billion, the fastest annual increase since 1953 among NATO's European members. Germany's spending now surpasses NATO's guideline of 2% GDP, with plans to reach 3.5% by 2029. This growth is part of a larger European rearmament effort, with countries like Spain and Poland also increasing their military budgets significantly.