Military expenditure in Europe & Central Asia (IDA & IBRD countries)
Europe & Central Asia (IDA & IBRD countries): Military expenditure was 302.41 billion current USD in 2024. ◆ Volatile
Latest (2024)
302.41 billion current USD
Change on year
up 25.5%
Rank
17th
of 42 groups
All-time high
302.41 billion current USD
in 2024
All-time low
9.21 billion current USD
in 1992
Years of data
33
1992–2024
Military expenditure in Europe & Central Asia (IDA & IBRD countries), 1992–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
Europe & Central Asia (IDA & IBRD countries) recorded 302.41 billion current USD for military expenditure in 2024. That is the highest value across all 33 years on record.
Compared with earlier readings it is up 25.5% on the previous year and up 131.8% over ten years.
Over the whole period, military expenditure in Europe & Central Asia (IDA & IBRD countries) peaked at 302.41 billion current USD in 2024 and was at its lowest, 9.21 billion current USD, in 1992.
That places Europe & Central Asia (IDA & IBRD countries) 17th out of 42 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 Europe & Central Asia (IDA & IBRD countries), year by year
| Year | current USD | Change |
|---|---|---|
| 1992 | 9.21 billion current USD | — |
| 1993 | 18.85 billion current USD | +104.7% |
| 1994 | 25.07 billion current USD | +33.0% |
| 1995 | 27.20 billion current USD | +8.5% |
| 1996 | 31.88 billion current USD | +17.2% |
| 1997 | 35.76 billion current USD | +12.2% |
| 1998 | 26.15 billion current USD | -26.9% |
| 1999 | 24.73 billion current USD | -5.4% |
| 2000 | 26.57 billion current USD | +7.4% |
| 2001 | 27.14 billion current USD | +2.1% |
| 2002 | 32.08 billion current USD | +18.2% |
| 2003 | 37.48 billion current USD | +16.9% |
| 2004 | 43.65 billion current USD | +16.4% |
| 2005 | 54.04 billion current USD | +23.8% |
| 2006 | 65.01 billion current USD | +20.3% |
| 2007 | 81.75 billion current USD | +25.8% |
| 2008 | 100.17 billion current USD | +22.5% |
| 2009 | 89.43 billion current USD | -10.7% |
| 2010 | 99.16 billion current USD | +10.9% |
| 2011 | 113.08 billion current USD | +14.0% |
| 2012 | 124.96 billion current USD | +10.5% |
| 2013 | 134.25 billion current USD | +7.4% |
| 2014 | 130.44 billion current USD | -2.8% |
| 2015 | 107.80 billion current USD | -17.4% |
| 2016 | 109.59 billion current USD | +1.7% |
| 2017 | 109.61 billion current USD | +0.0% |
| 2018 | 112.74 billion current USD | +2.9% |
| 2019 | 119.22 billion current USD | +5.7% |
| 2020 | 113.12 billion current USD | -5.1% |
| 2021 | 120.51 billion current USD | +6.5% |
| 2022 | 191.19 billion current USD | +58.7% |
| 2023 | 241.00 billion current USD | +26.1% |
| 2024 | 302.41 billion current USD | +25.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 24.86 billion current USD | 9.21 billion current USD | 35.76 billion current USD | 8 |
| 2000s | 55.73 billion current USD | 26.57 billion current USD | 100.17 billion current USD | 10 |
| 2010s | 116.08 billion current USD | 99.16 billion current USD | 134.25 billion current USD | 10 |
| 2020s | 193.65 billion current USD | 113.12 billion current USD | 302.41 billion current USD | 5 |
Countries ranked near Europe & Central Asia (IDA & IBRD countries)
- 14 Italy 37.96 billion current USD compare
- 15 Australia 33.82 billion current USD compare
- 16 Canada 29.35 billion current USD compare
- 17 Türkiye 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
More public sector data for Europe & Central Asia (IDA & IBRD countries)
- Arms imports 8.83 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 19.2 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0014 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 13.61 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 8.83 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 657.44 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0492 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 25.48 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 302.41 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 338.22 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is military expenditure in Europe & Central Asia (IDA & IBRD countries)?
- Military expenditure in Europe & Central Asia (IDA & IBRD countries) was 302.41 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 Europe & Central Asia (IDA & IBRD countries)?
- The highest recorded value was 302.41 billion current USD in 2024.
- What is the lowest military expenditure recorded in Europe & Central Asia (IDA & IBRD countries)?
- The lowest recorded value was 9.21 billion current USD in 1992.
- How does Europe & Central Asia (IDA & IBRD countries) rank for military expenditure?
- Europe & Central Asia (IDA & IBRD countries) ranks 17th out of 42 groups with data for 2024.
- Is military expenditure rising or falling in Europe & Central Asia (IDA & IBRD countries)?
- Over the last ten years it is up 131.8%. The long-run trend across the full record is volatile.
- Where does this Europe & Central Asia (IDA & IBRD countries) 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)