Military expenditure in Europe & Central Asia
Europe & Central Asia: Military expenditure was 719.05 billion current USD in 2024. ▲ Rising
Military expenditure in Europe & Central Asia, 1987–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
Europe & Central Asia recorded 719.05 billion current USD for military expenditure in 2024. That is the highest value across all 37 years on record.
That represents a change of up 19.5% on the previous year and up 79.0% over ten years.
Over the whole period, military expenditure in Europe & Central Asia peaked at 719.05 billion current USD in 2024 and was at its lowest, 157.47 billion current USD, in 1987.
The long-run direction has been consistently rising across the 37 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 164.11 billion current USD | 157.47 billion current USD | 167.80 billion current USD | 3 |
| 1990s | 205.83 billion current USD | 192.73 billion current USD | 220.47 billion current USD | 9 |
| 2000s | 286.47 billion current USD | 185.55 billion current USD | 405.40 billion current USD | 10 |
| 2010s | 377.57 billion current USD | 341.55 billion current USD | 404.33 billion current USD | 10 |
| 2020s | 533.13 billion current USD | 401.14 billion current USD | 719.05 billion current USD | 5 |
More public sector data for Europe & Central Asia
- Arms imports 14.17 billion SIPRI trend indicator values (2024)
- Tax revenue 19.7% (2024)
- Taxes on income, profits and capital gains 21.7% (2024)
- Taxes on goods and services 31.1% (2024)
- Net investment in nonfinancial assets 1.8% (2024)
- Net lending (+) / net borrowing (-) -2.4% (2024)
- Interest payments 3.1% (2024)
- Grants and other revenue 11.5% (2024)
- Interest payments 4.2% (2023)
- Other taxes 0.6% (2024)
Frequently asked questions
- What is military expenditure in Europe & Central Asia?
- Military expenditure in Europe & Central Asia was 719.05 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 Europe & Central Asia?
- The highest recorded value was 719.05 billion current USD in 2024.
- What is the lowest military expenditure recorded in Europe & Central Asia?
- The lowest recorded value was 157.47 billion current USD in 1987.
- Is military expenditure rising or falling in Europe & Central Asia?
- Over the last ten years it is up 79.0%. The long-run trend across the full record is rising.
- Where does this Europe & Central Asia 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 — 37 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)