Türkiye supports NATO's new 5% defence spending target and says it has already surpassed the previous 2% benchmark, according to a Turkish defense ministry source.
NATO allies have pledged to raise defence spending to 5% of GDP by 2035, a major increase aimed at countering long-term threats, particularly from Russia and terrorism.
Uzbekistan’s economic performance has remained strong, with robust growth, narrowing consolidated fiscal and current account deficits, and ample international reserves, stated the International Monetary Fund following to the 2025 Article IV Consultation with the Republic of Uzbekistan.
The Dutch caretaker government has expressed support for NATO’s proposed 5% GDP defence spending target, citing rising security threats as justification.
Azerbaijani PM Ali Asadov highlighted the country’s strong economic growth and investment potential at the 4th Tashkent International Investment Forum.
Switzerland’s economy outperformed expectations in Q1 2025, driven by a surge in exports to the United States and strong growth in the chemical and pharmaceutical sectors.
Kazakhstan’s economy grew by 6% in early 2025, showing strong momentum across major sectors.
U.S. Secretary of State Marco Rubio announced that all NATO member states are expected to agree on a long-term goal of spending 5% of their GDP on defense by the time of the 2025 NATO Summit in June.
Afghanistan’s economy showed growth in 2023-2024, but high poverty, unemployment, and weak demand persist. Inflation rose in December, while the trade deficit surged by 54% to $9 billion. Despite improved food exports, declines in textiles and coal exports signal ongoing economic challenges.
China’s GDP grew 5% in 2024, reaching a record 134.9 trillion yuan ($18.77 trillion). While meeting government targets, growth remains one of the slowest in decades amid economic challenges, trade tensions, and skepticism over official data.
Kazakhstan’s GDP grew 4.4% in 2024, driven by a 5.1% rise in non-oil sectors and a 10.2% surge in processed exports.
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