Market
Will EU defense spending reach €326 billion in 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
European Defence Agency official reports
Story
Germany Boosts Defense Spending to 2.12% of GDP with €100 Billion Fund as EU Projects €326 Billion Defense Spending in 2024
Dec 4, 2024, 02:20 PM
Germany is significantly increasing its defense budget, allocating 2.12% of its GDP for 2024 and establishing a military investment fund of nearly €100 billion. This move aligns with broader trends in the European Union, where total defense spending reached €279 billion in 2023. The European Defence Agency projects that EU countries will raise their combined defense spending to €326 billion in 2024, marking a record 1.9% of GDP. This increase represents a 10th consecutive year of growth in military investment across the region, reflecting ongoing geopolitical tensions and the need for enhanced security measures.
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Similar markets
Increase by less than 10% • 25%
No significant increase • 25%
Increase by over 20% • 25%
Increase by 10-20% • 25%
Other • 25%
Italy • 25%
Germany • 25%
France • 25%
2.1% to 2.5% • 25%
Over 3% • 25%
2% or less • 25%
2.6% to 3% • 25%
Reject proposal • 25%
Approve without modifications • 25%
Approve with modifications • 25%
Indefinite postponement • 25%