• For full details of graphics available/in preparation, see Menu -> Planners
News Sport
Defensie-uitgaven Europa infographic
Graphic shows selected military sending between 2000 and 2022.
GN44831NL
EN NL AR DE ES PT

MILITARY

Een stormloop op de Europese defensie

By Duncan Mil

September 11, 2023 - Defence spending in Central and Western Europe rose 13 per cent in 2022 to $345 billion, driven by Russia’s invasion of Ukraine and increased tensions over Taiwan and North Korea, according to the Stockholm International Peace Research Institute.

According to management consultancy McKinsey and Company, Russia’s defence exports suffered a steep 21 per cent decline in 2022 to $2.82 billion, with U.S., French, German and Italian arms sellers claiming Russia’s lost business.

David Chinn, McKinsey’s senior partner, outlined the reasons behind Russia’s steep decline. “Russia made their neighbours feel threatened by that situation, and they’re now rethinking some of their export relationships,” China told reporters.

The United States took the most significant share of Russia’s defence exports at 11 per cent in 2022, with France following at 5 per cent and Germany and Italy at 3 per cent.

Britain doubled its arms exports in 2022 to record £8.5 billion, dominated by sales to Qatar -- £2.4 billion worth of Eurofighter Typhoons -- and Saudi Arabia, the United States and Turkey.

The European Commission predicts that EU member states will grow their defence budgets following Russia’s invasion of Ukraine to €290 billion by 2025. In 2021, these budgets stood at €214 billion

However, Europe remains a highly fragmented market -- for example, the European Defence Agency countries operate 21 different main battle tank models and versions, 20 different fighter jets and 27 different destroyers and frigates.

Sources
PUBLISHED: 18/09/2023; STORY: Graphic News
Advertisement