NATO Military Spending by Country: Top 5 Countries

4. Poland

Military spending as share of GDP: 2.42%

Poland was the fourth highest military spender among NATO members in terms of expenditure as share of GDP. It is estimated to have spent 2.42% of its GDP on defense. The government plans to touch 4% in 2023 and this decision has been driven by Russia’s invasion of Ukraine. In January this year, the Polish government entered a $1.4 billion contract with General Dynamics Corporation (NYSE:GD) to purchase 116 M1A1 Abrams tanks. The U.S is financing $200 million out of the total cost.