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Will Germany's defense spending remain at or above 2.12% of GDP in 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
German government fiscal reports and GDP data
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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Less than €10 billion • 25%
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