NATO allies have reportedly agreed to hike their defense spending to 5% of gross domestic product (GDP) by 2035. One chart shows what a big ask that is.

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After lobbying by US President Donald Trump, NATO leaders have promised to boost annual defence spending to 5% of their countries’ gross domestic product (GDP) by 2035. A NATO statement released ...

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NATO Allies Agree To Boost Defense Spending To 5% Of GDP After Trump Pressure By Zachary Folk, Forbes Staff. I cover breaking news.

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Rutte said the 5% breaks down to 3.5% of each country's GDP invested in "core defense requirements" such as tanks, drones, ammunition and troops, among other items.