Military expenditure in Euro area
Euro area: Military expenditure was 288.53 billion current USD in 2024. ◆ Volatile
Military expenditure in Euro area, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Euro area stood at 288.53 billion current USD. That is the highest value across all 65 years on record.
That represents a change of up 16.6% on the previous year and up 59.9% over ten years.
Over the whole period, military expenditure in Euro area peaked at 288.53 billion current USD in 2024 and was at its lowest, 8.50 billion current USD, in 1960.
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 | 12.59 billion current USD | 8.50 billion current USD | 15.68 billion current USD | 10 |
| 1970s | 37.24 billion current USD | 16.84 billion current USD | 67.72 billion current USD | 10 |
| 1980s | 79.51 billion current USD | 59.93 billion current USD | 108.32 billion current USD | 10 |
| 1990s | 127.08 billion current USD | 120.01 billion current USD | 135.45 billion current USD | 10 |
| 2000s | 154.71 billion current USD | 105.39 billion current USD | 208.70 billion current USD | 10 |
| 2010s | 177.50 billion current USD | 153.34 billion current USD | 194.92 billion current USD | 10 |
| 2020s | 235.65 billion current USD | 201.75 billion current USD | 288.53 billion current USD | 5 |
More public sector data for Euro area
- Arms imports 3.29 billion SIPRI trend indicator values (2024)
- Tax revenue 19.2% (2024)
- Taxes on income, profits and capital gains 25.3% (2024)
- Taxes on goods and services 28.7% (2024)
- Net investment in nonfinancial assets 1.5% (2024)
- Net lending (+) / net borrowing (-) -2.7% (2024)
- Interest payments 2.9% (2024)
- Grants and other revenue 9.9% (2024)
- Interest payments 2.8% (2023)
- Other taxes 1.4% (2024)
Frequently asked questions
- What is military expenditure in Euro area?
- Military expenditure in Euro area was 288.53 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 Euro area?
- The highest recorded value was 288.53 billion current USD in 2024.
- What is the lowest military expenditure recorded in Euro area?
- The lowest recorded value was 8.50 billion current USD in 1960.
- Is military expenditure rising or falling in Euro area?
- Over the last ten years it is up 59.9%. The long-run trend across the full record is volatile.
- Where does this Euro area 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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CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)