Military expenditure in Greece
Greece: Military expenditure was 8.02 billion current USD in 2024. ◆ Volatile
Latest (2024)
8.02 billion current USD
Change on year
up 14.4%
World rank
34th
of 168 countries
All-time high
10.64 billion current USD
in 2009
All-time low
167.76 million current USD
in 1961
Years of data
65
1960–2024
Military expenditure in Greece, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
Greece recorded 8.02 billion current USD for military expenditure in 2024.
The figure is up 14.4% on the previous year and up 45.0% over ten years.
Over the whole period, military expenditure in Greece peaked at 10.64 billion current USD in 2009 and was at its lowest, 167.76 million current USD, in 1961.
Greece ranks 34th of 168 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure in Greece, year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 170.33 million current USD | — |
| 1961 | 167.76 million current USD | -1.5% |
| 1962 | 170.03 million current USD | +1.4% |
| 1963 | 179.50 million current USD | +5.6% |
| 1964 | 188.21 million current USD | +4.9% |
| 1965 | 209.68 million current USD | +11.4% |
| 1966 | 238.98 million current USD | +14.0% |
| 1967 | 313.04 million current USD | +31.0% |
| 1968 | 366.77 million current USD | +17.2% |
| 1969 | 425.40 million current USD | +16.0% |
| 1970 | 473.60 million current USD | +11.3% |
| 1971 | 516.00 million current USD | +9.0% |
| 1972 | 573.69 million current USD | +11.2% |
| 1973 | 674.80 million current USD | +17.6% |
| 1974 | 1.05 billion current USD | +55.6% |
| 1975 | 1.43 billion current USD | +36.5% |
| 1976 | 1.56 billion current USD | +8.8% |
| 1977 | 1.84 billion current USD | +17.9% |
| 1978 | 2.12 billion current USD | +15.2% |
| 1979 | 2.42 billion current USD | +14.4% |
| 1980 | 2.28 billion current USD | -6.1% |
| 1981 | 2.58 billion current USD | +13.3% |
| 1982 | 2.64 billion current USD | +2.3% |
| 1983 | 2.20 billion current USD | -16.8% |
| 1984 | 1.99 billion current USD | -9.2% |
| 1985 | 1.93 billion current USD | -3.4% |
| 1986 | 2.00 billion current USD | +3.7% |
| 1987 | 2.40 billion current USD | +20.0% |
| 1988 | 2.75 billion current USD | +14.6% |
| 1989 | 2.56 billion current USD | -6.9% |
| 1990 | 3.19 billion current USD | +24.7% |
| 1991 | 3.15 billion current USD | -1.5% |
| 1992 | 3.62 billion current USD | +15.1% |
| 1993 | 3.36 billion current USD | -7.1% |
| 1994 | 3.59 billion current USD | +6.6% |
| 1995 | 4.18 billion current USD | +16.5% |
| 1996 | 4.61 billion current USD | +10.4% |
| 1997 | 4.57 billion current USD | -0.9% |
| 1998 | 4.82 billion current USD | +5.5% |
| 1999 | 5.01 billion current USD | +3.9% |
| 2000 | 4.56 billion current USD | -8.9% |
| 2001 | 4.43 billion current USD | -3.0% |
| 2002 | 4.73 billion current USD | +6.9% |
| 2003 | 5.04 billion current USD | +6.4% |
| 2004 | 6.27 billion current USD | +24.5% |
| 2005 | 7.03 billion current USD | +12.1% |
| 2006 | 7.61 billion current USD | +8.2% |
| 2007 | 8.53 billion current USD | +12.2% |
| 2008 | 10.57 billion current USD | +23.9% |
| 2009 | 10.64 billion current USD | +0.6% |
| 2010 | 8.16 billion current USD | -23.3% |
| 2011 | 7.13 billion current USD | -12.7% |
| 2012 | 5.91 billion current USD | -17.0% |
| 2013 | 5.66 billion current USD | -4.4% |
| 2014 | 5.53 billion current USD | -2.2% |
| 2015 | 4.82 billion current USD | -12.9% |
| 2016 | 4.96 billion current USD | +3.0% |
| 2017 | 5.09 billion current USD | +2.5% |
| 2018 | 5.76 billion current USD | +13.1% |
| 2019 | 5.38 billion current USD | -6.5% |
| 2020 | 5.77 billion current USD | +7.2% |
| 2021 | 8.30 billion current USD | +43.8% |
| 2022 | 8.75 billion current USD | +5.4% |
| 2023 | 7.01 billion current USD | -19.8% |
| 2024 | 8.02 billion current USD | +14.4% |
Greece compared with similar countries
- Greece's 8.02 billion current USD is above the median for high income countries, which is 6.62 billion current USD, 1.2× the median. (54 countries reporting)
- Greece's 8.02 billion current USD is above the median for Europe & Central Asia, which is 2.63 billion current USD, 3.1× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 242.97 million current USD | 167.76 million current USD | 425.40 million current USD | 10 |
| 1970s | 1.27 billion current USD | 473.60 million current USD | 2.42 billion current USD | 10 |
| 1980s | 2.33 billion current USD | 1.93 billion current USD | 2.75 billion current USD | 10 |
| 1990s | 4.01 billion current USD | 3.15 billion current USD | 5.01 billion current USD | 10 |
| 2000s | 6.94 billion current USD | 4.43 billion current USD | 10.64 billion current USD | 10 |
| 2010s | 5.84 billion current USD | 4.82 billion current USD | 8.16 billion current USD | 10 |
| 2020s | 7.57 billion current USD | 5.77 billion current USD | 8.75 billion current USD | 5 |
Countries ranked near Greece
More public sector data for Greece
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Frequently asked questions
- What is military expenditure in Greece?
- Military expenditure in Greece was 8.02 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 Greece?
- The highest recorded value was 10.64 billion current USD in 2009.
- What is the lowest military expenditure recorded in Greece?
- The lowest recorded value was 167.76 million current USD in 1961.
- How does Greece rank for military expenditure?
- Greece ranks 34th out of 168 countries with data for 2024.
- Is military expenditure rising or falling in Greece?
- Over the last ten years it is up 45.0%. The long-run trend across the full record is volatile.
- Where does this Greece 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)