The European Defence Agency (EDA) has today published its annual Defence Data report for 2020-2021, detailing defence spending by the 26 EDA Member States.
In 2021, total European defence spending stood at a new high of €214 billion, marking a further 6% increase on 2020 and the seventh year of consecutive growth. EDA's report finds that Member States are investing more than ever on the procurement of defence equipment and research and development with a 16% rise compared to 2020, totalling a record €52 billion. On a comparison basis and in absolute figures, the US was by far the largest defence spender in 2021 (€686 billion), followed by China (€241 billion), the 26 EDA MS (€214 billion) and Russia (€56 billion). You can find the whole annual Defence Data report for 2020-2021, in the following link:https://eda.europa.eu/docs/default-source/brochures/eda---defence-data-2021---web---final.pdf.