Military expenditure in Greece
Greece: Military expenditure was 7.42 billion current LCU in 2024. ◆ Volatile
Military expenditure in Greece, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
The most recent figure for military expenditure in Greece is 7.42 billion current LCU, measured in 2024.
Compared with earlier readings it is up 14.2% on the previous year and up 77.9% over ten years.
Over the whole period, military expenditure in Greece peaked at 8.31 billion current LCU in 2022 and was at its lowest, 14.77 million current LCU, in 1961.
Greece ranks 109th of 167 countries 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 | 21.39 million current LCU | 14.77 million current LCU | 37.45 million current LCU | 10 |
| 1970s | 128.15 million current LCU | 41.70 million current LCU | 263.51 million current LCU | 10 |
| 1980s | 736.91 million current LCU | 284.60 million current LCU | 1.22 billion current LCU | 10 |
| 1990s | 2.85 billion current LCU | 1.49 billion current LCU | 4.50 billion current LCU | 10 |
| 2000s | 5.72 billion current LCU | 4.46 billion current LCU | 7.66 billion current LCU | 10 |
| 2010s | 4.74 billion current LCU | 4.17 billion current LCU | 6.16 billion current LCU | 10 |
| 2020s | 6.86 billion current LCU | 5.06 billion current LCU | 8.31 billion current LCU | 5 |
Countries ranked near Greece
More public sector data for Greece
- Arms imports 623.00 million SIPRI trend indicator values (2024)
- Tax revenue 27.4% (2024)
- Taxes on income, profits and capital gains 21.5% (2024)
- Taxes on goods and services 33.3% (2024)
- Net investment in nonfinancial assets 2.3% (2024)
- Net lending (+) / net borrowing (-) 1.2% (2024)
- Interest payments 7.5% (2024)
- Grants and other revenue 14.0% (2024)
- Interest payments 7.3% (2023)
- Other taxes 3.1% (2024)
Frequently asked questions
- What is military expenditure in Greece?
- Military expenditure in Greece was 7.42 billion current LCU 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 8.31 billion current LCU in 2022.
- What is the lowest military expenditure recorded in Greece?
- The lowest recorded value was 14.77 million current LCU in 1961.
- How does Greece rank for military expenditure?
- Greece ranks 109th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Greece?
- Over the last ten years it is up 77.9%. 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 LCU). Statizoid updates them automatically from the source API.
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About this data
Military expenditure in local currency at current prices (by calendar year)