Military expenditure (current USD) in European Union
European Union: Military expenditure was 368.50 billion current USD in 2024. ◆ Volatile
Latest (2024)
368.50 billion current USD
Change on year
up 20.5%
Rank
14th
of 44 groups
All-time high
368.50 billion current USD
in 2024
All-time low
13.48 billion current USD
in 1960
Years of data
65
1960–2024
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 44 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.
Military expenditure in European Union, year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 13.48 billion current USD | — |
| 1961 | 14.86 billion current USD | +10.2% |
| 1962 | 17.12 billion current USD | +15.2% |
| 1963 | 18.83 billion current USD | +10.0% |
| 1964 | 19.79 billion current USD | +5.1% |
| 1965 | 20.79 billion current USD | +5.1% |
| 1966 | 22.15 billion current USD | +6.5% |
| 1967 | 23.48 billion current USD | +6.0% |
| 1968 | 24.83 billion current USD | +5.7% |
| 1969 | 26.58 billion current USD | +7.1% |
| 1970 | 28.64 billion current USD | +7.8% |
| 1971 | 32.05 billion current USD | +11.9% |
| 1972 | 37.50 billion current USD | +17.0% |
| 1973 | 44.60 billion current USD | +18.9% |
| 1974 | 50.17 billion current USD | +12.5% |
| 1975 | 58.01 billion current USD | +15.6% |
| 1976 | 60.17 billion current USD | +3.7% |
| 1977 | 68.18 billion current USD | +13.3% |
| 1978 | 72.41 billion current USD | +6.2% |
| 1979 | 76.03 billion current USD | +5.0% |
| 1980 | 83.64 billion current USD | +10.0% |
| 1981 | 75.49 billion current USD | -9.7% |
| 1982 | 74.31 billion current USD | -1.6% |
| 1983 | 71.78 billion current USD | -3.4% |
| 1984 | 67.54 billion current USD | -5.9% |
| 1985 | 69.78 billion current USD | +3.3% |
| 1986 | 93.21 billion current USD | +33.6% |
| 1987 | 113.91 billion current USD | +22.2% |
| 1988 | 120.63 billion current USD | +5.9% |
| 1989 | 120.24 billion current USD | -0.3% |
| 1990 | 143.24 billion current USD | +19.1% |
| 1991 | 140.74 billion current USD | -1.7% |
| 1992 | 147.96 billion current USD | +5.1% |
| 1993 | 132.71 billion current USD | -10.3% |
| 1994 | 135.60 billion current USD | +2.2% |
| 1995 | 148.08 billion current USD | +9.2% |
| 1996 | 148.26 billion current USD | +0.1% |
| 1997 | 135.03 billion current USD | -8.9% |
| 1998 | 135.45 billion current USD | +0.3% |
| 1999 | 133.97 billion current USD | -1.1% |
| 2000 | 119.91 billion current USD | -10.5% |
| 2001 | 118.84 billion current USD | -0.9% |
| 2002 | 128.08 billion current USD | +7.8% |
| 2003 | 157.16 billion current USD | +22.7% |
| 2004 | 177.91 billion current USD | +13.2% |
| 2005 | 181.75 billion current USD | +2.2% |
| 2006 | 187.68 billion current USD | +3.3% |
| 2007 | 211.53 billion current USD | +12.7% |
| 2008 | 236.65 billion current USD | +11.9% |
| 2009 | 225.76 billion current USD | -4.6% |
| 2010 | 213.72 billion current USD | -5.3% |
| 2011 | 221.55 billion current USD | +3.7% |
| 2012 | 205.67 billion current USD | -7.2% |
| 2013 | 207.38 billion current USD | +0.8% |
| 2014 | 207.31 billion current USD | -0.0% |
| 2015 | 177.79 billion current USD | -14.2% |
| 2016 | 182.63 billion current USD | +2.7% |
| 2017 | 194.13 billion current USD | +6.3% |
| 2018 | 215.28 billion current USD | +10.9% |
| 2019 | 217.33 billion current USD | +1.0% |
| 2020 | 237.69 billion current USD | +9.4% |
| 2021 | 262.31 billion current USD | +10.4% |
| 2022 | 258.99 billion current USD | -1.3% |
| 2023 | 305.73 billion current USD | +18.0% |
| 2024 | 368.50 billion current USD | +20.5% |
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 South Korea 47.57 billion current USD compare
- 12 Israel 46.51 billion current USD compare
- 13 Poland 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 Turkey 24.98 billion current USD compare
More public sector data for European Union
- Arms imports 6.17 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 13.69 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 29.33 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 6.17 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 818.48 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0189 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 20.53 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 368.50 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,195 SIPRI trend indicator values per square kilometre (2023)
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 44 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)