NEWS

Greece has second highest rate of defense spending in NATO

TAGS: Defense, Economy

Greece has the second highest spending in NATO on defense, after the US, according to figures issued Monday by the alliance.

The country is one of just five countries whose annual spending on defense exceeds 2 percent of gross domestic product.

The country with the highest spending as a proportion of GDP is the US, with 3.61 percent, followed by Greece with 2.38 percent.

Next comes the UK with 2.21 percent, Estonia with 2.16 percent and Poland with 2 percent.

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