Russia is still far ahead on military spending – but the surge has slowed

Defence expenditure as % of GDP

Russia invades Ukraine

7%

6%

Russia

5%

Poland

4%

US

3%

Rest of Nato

2%

1%

0%

2015

2017

2019

2021

2023

2025

Russia invades Ukraine

7%

6%

Russia

5%

Poland

4%

US

3%

Rest of Nato

2%

1%

0%

2015

2017

2019

2021

2023

2025

Russia invades Ukraine

7%

6%

Russia

5%

Poland

4%

US

3%

Rest of Nato

2%

1%

0%

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Russia invades Ukraine

7%

6%

Russia

5%

Poland

4%

US

3%

Rest of Nato

(Europe and Canada)

2%

1%

0%

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Russia invades Ukraine

7%

6%

Russia

5%

Poland

4%

US

3%

Rest of Nato

2%

1%

0%

2015

2017

2019

2021

2023

2025

Russia invades Ukraine

7%

6%

Russia

5%

Poland

4%

US

3%

Rest of Nato

2%

1%

0%

2015

2017

2019

2021

2023

2025

Russia invades Ukraine

7%

6%

Russia

5%

Poland

4%

US

3%

Rest of Nato

2%

1%

0%

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

Russia invades Ukraine

7%

6%

Russia

5%

Poland

4%

US

3%

Rest of Nato

(Europe & Canada)

2%

1%

0%

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025