European defense budgets are increasing following Russia's invasion of Ukraine. 

Since Russia’s initial incursion into Ukraine in 2014, Scandinavian countries bolstered military budgets in response, with spending rising by 27.2% in real terms—going from $18.7 billion to $23.8 billion—over the next seven years.

Aviation Week Network projections show spending for the four states combined rising from $23.8 billion in 2021 to around $37.8 billion by the end of the decade—an increase of 58.8% and more than double 2014's figure.

Discover how Norway, Denmark, Finland and Sweden are upping their military spending. 

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