Germany met NATO's target to spend 2% of its gross domestic product on defence in 2024, the government said on Monday, though well short of incoming U.S. President Donald Trump's call for as much as 5%.

Germany is grappling with challenges in funding increased defense spending to meet NATOs target of 2% of GDP, with some analysts suggesting an even higher goal of 4%. Commerzbank (ETR:CBKG) highlights the countrys

President Donald Trump said NATO countries must sharply increase their defense spending, demanding member states push beyond current benchmarks that many of them already struggle to hit.

Germany met the NATO alliance's target to spend 2% of its gross domestic product on defence in 2024, finance ministry sources said on Monday, and finished the year with a reserve of 10.7 billion euros ($11.

Germany has met NATO's 2% GDP defense spending target for 2024. This comes despite budget constraints and aligns with Chancellor Scholz's strategy since Russia's invasion of Ukraine. However, long-term military funding remains uncertain,

BERLIN: Germany met NATO’s target to spend 2% of its gross domestic product on defence in 2024, the government

Germany met the NATO alliance's target to spend 2% of its gross domestic product on defence in 2024, a government spokesperson said on Monday, as the country weighs the need to further boost longer-term military funding commitments.

While Europe’s military heavyweights have already said that meeting President Donald Trump’s potential challenge to spend up to 5% of their economic output on security won't be easy, it would be an especially tall order for Spain.

As Donald Trump begins his second term in office, he has called for NATO members to raise their defence budgets to five per cent of GDP.