According to the recently published Balkan Defence Monitor 2024, Serbia was the leading country in the region in terms of defence expenditure, which amounted to 2% of its GDP in 2023, followed by North Macedonia with 1.7% and Albania with 1.6%. The latter two countries, both of which are NATO members, are projected to reach the Alliance’s target of 2% in 2024.
Albania and North Macedonia are also projected to overtake Serbia, which is expected to drop to third place in the region with 1.8% in 2024.
This is the third edition of the Balkans Defence Monitor, which the Belgrade Centre for Security Policy (BCSP) has been publishing since…
