Military expenditure (current USD) in Euro area
Euro area: Military expenditure was 288.53 billion current USD in 2024. ◆ Volatile
Latest (2024)
288.53 billion current USD
Change on year
up 16.6%
Rank
19th
of 44 groups
All-time high
288.53 billion current USD
in 2024
All-time low
8.50 billion current USD
in 1960
Years of data
65
1960–2024
Military expenditure in Euro area, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Euro area stood at 288.53 billion current USD. That is the highest value across all 65 years on record.
That represents a change of up 16.6% on the previous year and up 59.9% over ten years.
Over the whole period, military expenditure in Euro area peaked at 288.53 billion current USD in 2024 and was at its lowest, 8.50 billion current USD, in 1960.
That places Euro area 19th out of 44 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure in Euro area, year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 8.50 billion current USD | — |
| 1961 | 9.30 billion current USD | +9.4% |
| 1962 | 10.98 billion current USD | +18.0% |
| 1963 | 12.04 billion current USD | +9.6% |
| 1964 | 12.62 billion current USD | +4.9% |
| 1965 | 13.10 billion current USD | +3.8% |
| 1966 | 13.89 billion current USD | +6.0% |
| 1967 | 14.84 billion current USD | +6.8% |
| 1968 | 14.91 billion current USD | +0.5% |
| 1969 | 15.68 billion current USD | +5.2% |
| 1970 | 16.84 billion current USD | +7.4% |
| 1971 | 19.08 billion current USD | +13.3% |
| 1972 | 23.45 billion current USD | +22.9% |
| 1973 | 29.44 billion current USD | +25.6% |
| 1974 | 33.55 billion current USD | +13.9% |
| 1975 | 39.50 billion current USD | +17.8% |
| 1976 | 40.24 billion current USD | +1.9% |
| 1977 | 46.04 billion current USD | +14.4% |
| 1978 | 56.55 billion current USD | +22.8% |
| 1979 | 67.72 billion current USD | +19.7% |
| 1980 | 75.23 billion current USD | +11.1% |
| 1981 | 67.31 billion current USD | -10.5% |
| 1982 | 66.06 billion current USD | -1.8% |
| 1983 | 63.99 billion current USD | -3.1% |
| 1984 | 59.93 billion current USD | -6.3% |
| 1985 | 60.51 billion current USD | +1.0% |
| 1986 | 82.74 billion current USD | +36.7% |
| 1987 | 102.72 billion current USD | +24.1% |
| 1988 | 108.32 billion current USD | +5.5% |
| 1989 | 108.30 billion current USD | -0.0% |
| 1990 | 130.55 billion current USD | +20.5% |
| 1991 | 128.36 billion current USD | -1.7% |
| 1992 | 135.45 billion current USD | +5.5% |
| 1993 | 120.88 billion current USD | -10.8% |
| 1994 | 123.18 billion current USD | +1.9% |
| 1995 | 134.93 billion current USD | +9.5% |
| 1996 | 135.20 billion current USD | +0.2% |
| 1997 | 121.19 billion current USD | -10.4% |
| 1998 | 121.04 billion current USD | -0.1% |
| 1999 | 120.01 billion current USD | -0.9% |
| 2000 | 106.80 billion current USD | -11.0% |
| 2001 | 105.39 billion current USD | -1.3% |
| 2002 | 113.63 billion current USD | +7.8% |
| 2003 | 139.97 billion current USD | +23.2% |
| 2004 | 158.94 billion current USD | +13.6% |
| 2005 | 160.85 billion current USD | +1.2% |
| 2006 | 165.48 billion current USD | +2.9% |
| 2007 | 185.28 billion current USD | +12.0% |
| 2008 | 208.70 billion current USD | +12.6% |
| 2009 | 202.03 billion current USD | -3.2% |
| 2010 | 188.61 billion current USD | -6.6% |
| 2011 | 194.92 billion current USD | +3.3% |
| 2012 | 180.37 billion current USD | -7.5% |
| 2013 | 181.48 billion current USD | +0.6% |
| 2014 | 180.43 billion current USD | -0.6% |
| 2015 | 153.34 billion current USD | -15.0% |
| 2016 | 158.56 billion current USD | +3.4% |
| 2017 | 167.56 billion current USD | +5.7% |
| 2018 | 184.26 billion current USD | +10.0% |
| 2019 | 185.50 billion current USD | +0.7% |
| 2020 | 201.75 billion current USD | +8.8% |
| 2021 | 222.51 billion current USD | +10.3% |
| 2022 | 218.00 billion current USD | -2.0% |
| 2023 | 247.46 billion current USD | +13.5% |
| 2024 | 288.53 billion current USD | +16.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 12.59 billion current USD | 8.50 billion current USD | 15.68 billion current USD | 10 |
| 1970s | 37.24 billion current USD | 16.84 billion current USD | 67.72 billion current USD | 10 |
| 1980s | 79.51 billion current USD | 59.93 billion current USD | 108.32 billion current USD | 10 |
| 1990s | 127.08 billion current USD | 120.01 billion current USD | 135.45 billion current USD | 10 |
| 2000s | 154.71 billion current USD | 105.39 billion current USD | 208.70 billion current USD | 10 |
| 2010s | 177.50 billion current USD | 153.34 billion current USD | 194.92 billion current USD | 10 |
| 2020s | 235.65 billion current USD | 201.75 billion current USD | 288.53 billion current USD | 5 |
Countries ranked near Euro area
- 16 Canada 29.35 billion current USD compare
- 17 Turkey 24.98 billion current USD compare
- 18 Spain 24.62 billion current USD compare
- 19 Netherlands 23.18 billion current USD compare
- 20 United Arab Emirates 22.76 billion current USD compare
- 21 Algeria 21.81 billion current USD compare
- 22 Brazil 20.95 billion current USD compare
More public sector data for Euro area
- Arms imports 3.29 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 9.21 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 41.65 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.29 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 806.84 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0174 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 16.6 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 288.53 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 819.39 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is military expenditure in Euro area?
- Military expenditure in Euro area was 288.53 billion current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Euro area?
- The highest recorded value was 288.53 billion current USD in 2024.
- What is the lowest military expenditure recorded in Euro area?
- The lowest recorded value was 8.50 billion current USD in 1960.
- How does Euro area rank for military expenditure?
- Euro area ranks 19th out of 44 groups with data for 2024.
- Is military expenditure rising or falling in Euro area?
- Over the last ten years it is up 59.9%. The long-run trend across the full record is volatile.
- Where does this Euro area data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)