Military expenditure in European Union
European Union: Military expenditure was 368.50 billion current USD in 2024. ◆ Volatile
Military expenditure in European Union, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
The most recent figure for military expenditure in European Union is 368.50 billion current USD, measured in 2024. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 20.5% on the previous year and up 77.8% over ten years.
Over the whole period, military expenditure in European Union peaked at 368.50 billion current USD in 2024 and was at its lowest, 13.48 billion current USD, in 1960.
European Union ranks 14th of 43 groups on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20.19 billion current USD | 13.48 billion current USD | 26.58 billion current USD | 10 |
| 1970s | 52.78 billion current USD | 28.64 billion current USD | 76.03 billion current USD | 10 |
| 1980s | 89.05 billion current USD | 67.54 billion current USD | 120.63 billion current USD | 10 |
| 1990s | 140.10 billion current USD | 132.71 billion current USD | 148.26 billion current USD | 10 |
| 2000s | 174.53 billion current USD | 118.84 billion current USD | 236.65 billion current USD | 10 |
| 2010s | 204.28 billion current USD | 177.79 billion current USD | 221.55 billion current USD | 10 |
| 2020s | 286.64 billion current USD | 237.69 billion current USD | 368.50 billion current USD | 5 |
Countries ranked near European Union
- 11 Korea, Republic of 47.57 billion current USD compare
- 12 Israel 46.51 billion current USD compare
- 13 Poland, Republic of 38.00 billion current USD compare
- 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, Republic of 24.98 billion current USD compare
More public sector data for European Union
- Arms imports 6.17 billion SIPRI trend indicator values (2024)
- Tax revenue 19.9% (2024)
- Taxes on income, profits and capital gains 22.3% (2024)
- Taxes on goods and services 29.2% (2024)
- Net investment in nonfinancial assets 1.6% (2024)
- Net lending (+) / net borrowing (-) -2.6% (2024)
- Interest payments 2.9% (2024)
- Grants and other revenue 9.9% (2024)
- Interest payments 2.8% (2023)
- Other taxes 1.7% (2024)
Frequently asked questions
- What is military expenditure in European Union?
- Military expenditure in European Union was 368.50 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 European Union?
- The highest recorded value was 368.50 billion current USD in 2024.
- What is the lowest military expenditure recorded in European Union?
- The lowest recorded value was 13.48 billion current USD in 1960.
- How does European Union rank for military expenditure?
- European Union ranks 14th out of 43 groups with data for 2024.
- Is military expenditure rising or falling in European Union?
- Over the last ten years it is up 77.8%. The long-run trend across the full record is volatile.
- Where does this European Union 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)