The North Atlantic Treaty Organization (NATO) recently released its annual defense spending report that details how much money members of the mutual security alliance are spending on their defense and which are meeting their commitments.

In 2014, the heads of state and government for all NATO member countries committed to spending at least 2% of their gross domestic product (GDP) on defense to boost the alliance's military readiness amid Russia's illegal annexation of Crimea from Ukraine and instability in the Middle East. The 2% guideline built on a prior 2006 commitment made by NATO defense members.

At the time of the 2014 pledge, only three NATO members – the U.S., the U.K. and Greece – were at the 2% threshold. That figure rose to nine by 2020, fell to six in 2021 but rebounded

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