Mapped: How NATO Defence Spending Has Changed Since the Ukraine-Russia War

What We're Showing

Russia's invasion of Ukraine in 2022 dramatically changed global defence spending, with many countries now investing heavily in both their defence and the technologies governments and militaries alike use in their defence.

In this graphic, the second in the Investing in Defense series, we partnered with Global X ETFs to examine the growth in NATO's defence spending.

What We're Showing

• Between 2020 and 2024, NATO nations increased their annual defence spending by nearly $390 billion.
• While most of NATO's nations increased their defence spend, not all nations spent the same.
• The Global X Defence Tech UCITS ETF exposes investors to companies, including those in the AI and significant data sectors, that are well-positioned to benefit from adopting defence technology.