Germany met NATO's target to spend 2% of its gross domestic product on defence in 2024, the government said on Monday, though well short of incoming U.S. President Donald Trump's call for as much as 5%.

Germany has met NATO's 2% GDP defense spending target for 2024. This comes despite budget constraints and aligns with Chancellor Scholz's strategy since Russia's invasion of Ukraine. However, long-term military funding remains uncertain,

Germany is grappling with challenges in funding increased defense spending to meet NATOs target of 2% of GDP, with some analysts suggesting an even higher goal of 4%. Commerzbank (ETR:CBKG) highlights the countrys

Germany met the NATO alliance's target to spend 2% of its gross domestic product on defence in 2024, a government spokesperson said on Monday, as the country weighs the need to further boost longer-term military funding commitments.

BERLIN: Germany met NATO’s target to spend 2% of its gross domestic product on defence in 2024, the government

The 23 EU members who also belong to NATO are likely to agree to raise the defence spending target above the current 2% of national output at a June summit of the alliance that will set a new level, European Council President Antonio Costa said.

The proportion of NATO nations meeting the two percent benchmark has skyrocketed since 2022. Today, some members are aiming even higher.