Nato asks every member country to spend at least 2% of national income - also known as GDP - on defence. It is thought that 23 countries met that target in 2024, compared to only three in 2014. The countries which spend the largest share of GDP on defence are the US and those close to Russia, such as Poland and the Baltic states.

US President-elect Donald Trump said NATO member states should increase their defence spending to 5% of GDP and criticised Europe's contributions. #EuropeNews

European defence sector stocks rose on Wednesday after U.S. President-elect Donald Trump called for higher spending from NATO allies.

U.S. President-elect Donald Trump said on Jan. 7 that NATO should raise its defense spending benchmark from 2% of GDP to 5%, echoing his earlier calls for Europe to spend more on its security.

European defence stocks rallied on Wednesday after President-elect Donald Trump reaffirmed his stance on increasing NATO spending and highlighted Greenland's strategic importance during a press conference at Mar-a-Lago on Tuesday.

US President-elect Donald Trump on Tuesday urged NATO members to increase their defense spending to 5% of GDP. Donald Trump continues to hammer home his claims that these countries pay too little to be protected by the US.

US President-elect Donald Trump said that NATO countries should be spending 5% of gross domestic product (GDP) on defence, up from the current 2% target. "They can all afford it, but they should be at 5% not 2%,

Donald Trump has called on NATO members to boost their defense spending, underlining his long-standing belief that countries are not paying their share.US President-elect Donald Trump said Tuesday NATO members should be spending 5% of GDP on defense,