NATO Military Spending by Country: Top 5 Countries

In this article, we look at the top 5 NATO members that spend the most on military expenditure. To see more NATO countries’ defense spending, head to NATO Military Spending by Country: Top 20 Countries.

5. United Kingdom

Military spending as share of GDP: 2.16%

The United Kingdom was the fifth largest defense spender among NATO countries in terms of military expenditure as share of GDP in 2022. This year in 2023, prime minister Rishi Sunak has pledged to raise military spending by $6 billion over the next two years to prepare his country for threats posed by China and Russia. Major armament manufacturers like Lockheed Martin Corporation (NYSE:LMT) and Raytheon Technologies Corporation (NYSE:RTX) have sites in the UK.