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Norway to meet 5% NATO goal on defence, security spending, prime minister says
Published by Global Banking & Finance Review®
Posted on June 20, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on June 20, 2025
1 min readLast updated: January 23, 2026
Norway plans to increase its NATO spending to 5% of GDP, including support for Ukraine, aligning with NATO's goals.
OSLO (Reuters) -Norway plans to raise its defence spending to 3.5% of the country's GDP, and also aims to use an additional 1.5% for broader security related purposes, its prime minister said on Friday, in line with a planned common goal among NATO states.
NATO chief Mark Rutte has proposed that member nations should agree at a June 24-25 meeting in The Hague to aim for spending of a total of 5% of their gross domestic product on defence and broader security measures.
"We must do more to secure our country and contribute to our common security with our allies in NATO," Prime Minister Jonas Gahr Stoere told a press conference on Friday.
The 3.5% spending includes Norway's financial support to Ukraine's military defence, he said.
Norway in 2024 spent an estimated 2.2% of GDP on defence, up from a low of 1.4% in 2022, the national statistics agency (SSB) said in April, and the government said in May it aims to spend 3.3% in 2025.
(Reporting by Gwladys Fouche, writing by Terje Solsvik, editing by Stine Jacobsen)
Norway plans to raise its defence spending to 3.5% of the country's GDP.
Norway aims to use an additional 1.5% of GDP for broader security-related purposes.
In 2024, Norway is estimated to spend 2.2% of GDP on defence, up from a low of 1.4% in 2022.
The 3.5% spending includes Norway's financial support to Ukraine's military defence.
NATO chief Mark Rutte proposed that member nations aim for a total spending of 5% of their GDP on defence and broader security.
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