Military expenditure in Europe & Central Asia
Europe & Central Asia: Military expenditure was 719.05 billion current USD in 2024. ▲ Rising
Latest (2024)
719.05 billion current USD
Change on year
up 19.5%
Rank
8th
of 42 groups
All-time high
719.05 billion current USD
in 2024
All-time low
157.47 billion current USD
in 1987
Years of data
37
1987–2024
Military expenditure in Europe & Central Asia, 1987–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
Europe & Central Asia recorded 719.05 billion current USD for military expenditure in 2024. That is the highest value across all 37 years on record.
That represents a change of up 19.5% on the previous year and up 79.0% over ten years.
Over the whole period, military expenditure in Europe & Central Asia peaked at 719.05 billion current USD in 2024 and was at its lowest, 157.47 billion current USD, in 1987.
That places Europe & Central Asia 8th out of 42 groups with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 37 years of available data.
Military expenditure in Europe & Central Asia, year by year
| Year | current USD | Change |
|---|---|---|
| 1987 | 157.47 billion current USD | — |
| 1988 | 167.80 billion current USD | +6.6% |
| 1989 | 167.07 billion current USD | -0.4% |
| 1990 | 199.53 billion current USD | +19.4% |
| 1992 | 207.67 billion current USD | +4.1% |
| 1993 | 192.73 billion current USD | -7.2% |
| 1994 | 201.62 billion current USD | +4.6% |
| 1995 | 215.74 billion current USD | +7.0% |
| 1996 | 220.47 billion current USD | +2.2% |
| 1997 | 211.21 billion current USD | -4.2% |
| 1998 | 203.21 billion current USD | -3.8% |
| 1999 | 200.30 billion current USD | -1.4% |
| 2000 | 186.42 billion current USD | -6.9% |
| 2001 | 185.55 billion current USD | -0.5% |
| 2002 | 205.31 billion current USD | +10.6% |
| 2003 | 248.06 billion current USD | +20.8% |
| 2004 | 282.51 billion current USD | +13.9% |
| 2005 | 296.43 billion current USD | +4.9% |
| 2006 | 314.79 billion current USD | +6.2% |
| 2007 | 362.94 billion current USD | +15.3% |
| 2008 | 405.40 billion current USD | +11.7% |
| 2009 | 377.26 billion current USD | -6.9% |
| 2010 | 374.73 billion current USD | -0.7% |
| 2011 | 399.66 billion current USD | +6.7% |
| 2012 | 395.00 billion current USD | -1.2% |
| 2013 | 404.33 billion current USD | +2.4% |
| 2014 | 401.78 billion current USD | -0.6% |
| 2015 | 341.55 billion current USD | -15.0% |
| 2016 | 342.74 billion current USD | +0.3% |
| 2017 | 352.11 billion current USD | +2.7% |
| 2018 | 377.75 billion current USD | +7.3% |
| 2019 | 386.06 billion current USD | +2.2% |
| 2020 | 401.14 billion current USD | +3.9% |
| 2021 | 438.57 billion current USD | +9.3% |
| 2022 | 505.27 billion current USD | +15.2% |
| 2023 | 601.60 billion current USD | +19.1% |
| 2024 | 719.05 billion current USD | +19.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 164.11 billion current USD | 157.47 billion current USD | 167.80 billion current USD | 3 |
| 1990s | 205.83 billion current USD | 192.73 billion current USD | 220.47 billion current USD | 9 |
| 2000s | 286.47 billion current USD | 185.55 billion current USD | 405.40 billion current USD | 10 |
| 2010s | 377.57 billion current USD | 341.55 billion current USD | 404.33 billion current USD | 10 |
| 2020s | 533.13 billion current USD | 401.14 billion current USD | 719.05 billion current USD | 5 |
Countries ranked near Europe & Central Asia
- 5 India 86.13 billion current USD compare
- 6 United Kingdom of Great Britain and Northern Ireland 81.76 billion current USD compare
- 7 Saudi Arabia 80.33 billion current USD compare
- 8 Ukraine 64.70 billion current USD compare
- 9 France 64.67 billion current USD compare
- 10 Japan 55.27 billion current USD compare
- 11 Republic of Korea 47.57 billion current USD compare
More public sector data for Europe & Central Asia
- Arms imports 14.17 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 15.26 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 23.95 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 14.17 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 774.37 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0245 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 19.52 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 719.05 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 416.81 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is military expenditure in Europe & Central Asia?
- Military expenditure in Europe & Central Asia was 719.05 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?
- The highest recorded value was 719.05 billion current USD in 2024.
- What is the lowest military expenditure recorded in Europe & Central Asia?
- The lowest recorded value was 157.47 billion current USD in 1987.
- How does Europe & Central Asia rank for military expenditure?
- Europe & Central Asia ranks 8th out of 42 groups with data for 2024.
- Is military expenditure rising or falling in Europe & Central Asia?
- Over the last ten years it is up 79.0%. The long-run trend across the full record is rising.
- Where does this Europe & Central Asia 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)