5% defence spend?

CNBC reports:

Before this week’s annual NATO summit had even begun, allies reportedly agreed on Sunday to hike their defense spending to 5% of gross domestic product (GDP) by 2035. Getting to that target, however is another matter.

The 5% figure is made up of 3.5% of GDP that should be spent on “pure” defense, with an extra 1.5% of GDP going to security-related infrastructure, such as cyber warfare capabilities and intelligence.

So really it is a 3.5% target. But that is an ambitious goal, from the previous 2%.

The top 10 countries in NATO for defence spending are:

1. Poland 4.1%
2. Estonia 3.4%
3. US 3.4%
4. Latvia 3.1%
5. Greece 3.1%
6. Lithuania 2.9%
7. Finland 2.4%
8. Denmark 2.4%
9. UK 2.3%
10. Romania 2.3%

It is no coincidence that those closest to Russia are all in the top 10. They know where the threat is.