This is the strongest increase in defense spending since 2015. Investments in armaments amounted to 1.5 percent of the GDP of the 26 member countries.
The agency also said that the countries with the largest increases in military spending were Italy, Finland, Greece and Slovenia. EDA members have also increased their spending on joint purchases, from 11% to 18%, although this is still far below the joint spending target of 35%.
“Statements by member states after the conflict in Ukraine suggest that the increase in defense spending is likely to continue in the coming years,” the EDA report quoted Reuters as saying.
The main task of EDA, established in 2004, is to support and promote defense cooperation in Europe. All EU countries except Denmark are members.