NATO's 2024 Annual Report: Record Defence Spending and Deterrence Focus (nato.int)

• Allies invested USD 486 billion in defence in 2024, a 19.4% real increase.
• NATO enhances capabilities across land, air, maritime, cyberspace, and space domains.
• Resilience initiatives and active partnerships with 35 countries strengthen collective security.

"NATO's 2024 annual report highlights a 19.4% increase in defence spending by European Allies and Canada, reaching USD 486 billion, as the Alliance sharpens its focus on deterrence across all domains including cyber and space. Secretary General Mark Rutte emphasizes 'turbocharging' adaptation to ensure credible defence against all threats, with resilience as the first line of defence."