Global military spending at levels not seen since Cold War, think-tank says | CBC News
Europe, especially Germany, for failing to meet the alliance’s spending
target of 2 per cent of gross domestic product.
SIPRI data showed
military spending equalled 1.2 per cent of GDP in Germany — Europe’s
largest economy — last year, based on GDP estimates for 2018 from the
International Monetary Fund.
Canada’s military spending was tagged
at $21.6 billion US in 2018, putting it in a group of countries SIPRI
ranks as having moderate increases in military spending between 2009 and
2018, at 12 per cent. Canada’s expenditure equalled 1.3 per cent of
GDP, according to the measurement.
Britain and France, the two
other largest economies in Europe, spent 1.8 per cent and 2.3 per cent
of GDP respectively on defence in 2018.
Military expenditure by all 29 NATO members amounted to just over half of global spending, SIPRI added.