NATO Spending by Country Per Capita: Top 5 Countries

3. Finland

Military Spending Per Capita: $1,153

Finland’s military spending per capita has increased from $647 in 2021 to $1,153 in 2023. It became the 31st member of NATO in April 2023, amid Russia’s invasion of Ukraine a year prior. The move prompted a warning from Moscow which threatened to bolster its defense in response. Finland shares a 1,340 kilometer border with Russia. Its defense budget for 2024 is 5% higher than in 2023, which is likely to further increase its percentage of defense spending as a share of GDP, which currently stands at 2.45%.