Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgaria nears NATO standard for 2% of GDP spent for defense

Photo: BGNES

Bulgaria has planned to use 1.61 per cent of its gross domestic product for defense. That's 927 million USD for 2019. The rise is 0.3 percent compared to 2014, when Sofia spent 638 million USD or 1.31 percent of GDP. In NATO the US spends the largest share of GDP for defense - over 3.42%. Luxembourg is last with 0.55 per cent, as it has the highest GDP per capita in the EU - 66.000 euros. Montenegro allocates a little more money than Bulgaria as a percentage of its GDP - 1.65 per cent. Defense spending has risen steadily over the past 5 years. More and more countries are close to reaching the target of 2% of GDP for defense, NATO Secretary-General Jens Stoltenberg said.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

World leaders congratulate the Bulgarian people on their National Day

Heads of state and leaders from around the world congratulated the Bulgarian people on their National Day in congratulatory addresses sent to President Rumen Radev on the occasion of the 147th anniversary of the Liberation of Bulgaria. On behalf of..

published on 3/3/25 10:45 AM
 Associate Professor Georgi Bardarov

80% of young Bulgarians want to stay in their homeland

There are positive demographic trends in the country, but no one talks about them, Associate Professor Georgi Bardarov said in an interview with bTV. The head of the Department of Socio-Economic Geography at Sofia University emphasized that 10 years..

published on 3/3/25 10:21 AM
Marco Rubio

US Secretary of State Marco Rubio congratulates Bulgaria on its National Day

The US Department of State congratulated Bulgaria on March 3. On behalf of the United States of America, please accept my warmest congratulations on your Day of Liberation, US Secretary of State Marco Rubio said in a congratulatory message published..

published on 3/3/25 10:03 AM