NATO estimates that Portugal’s defense spending this year will be 1.48% of GDP

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NATO estimated today that Portugal invests this year 1.48% of Gross Domestic Product (GDP) in the area of Defense, below the forecast of 1.66% made by the Government, which, still, is the highest investment since 2014.

According to a report on defense spending of the member states of the North Atlantic Treaty Organization (NATO), released today, Portugal is the eighth country, out of 31, with the lowest investment in this area.

The Atlantic Alliance estimated that this year total investment in defense will be 1.48% of GDP, which is below the goal of 1.66% set by the government.

The Portuguese executive had initially indicated that it should reach 1.66% of GDP in defense spending in 2024, but earlier this year the Minister of National Defense, Helena Carreiras, considered it was possible to anticipate it for this year.

Even so, when comparing all the years since 2014, when the member states agreed to this increase in defense spending, Portugal has the highest levels of investment in the last decade.

The 31 countries that make up NATO have established a commitment to achieve a minimum of 2% of GDP in defense spending.

Portugal has set this percentage as a goal until 2030.

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