Euro Area Military Expenditure
1.7%▲ +0.2%
Dec 2024 · Annual
Military expenditure in the Euro Area rose to 1.75% of GDP in 2024, up from 1.56% in 2023. The reading remains well below the all-time high of 3.97% recorded in 1962 and above the series low of 1.29% from 2015. Data are available from 1960.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 1.7% | 1.6% | 4.0%Dec 1962 | 1.3%Dec 2015 | 1960 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Military Expenditure (USD) | $288.5B | $247.5B | $288.5B | $8.5B | Dec 2024 | Annual |
About this series
Military Expenditure in Euro Area averaged 1.6% from 1960 until 2024, reaching an all-time high of 4.0% in Dec 1962 and a record low of 1.3% in Dec 2015. The series is reported yearly with history from 1960.
Military expenditure measures the share of a country's gross domestic product allocated to defense spending, expressed as a percentage of GDP. The indicator is reported annually in USD and as a percentage of GDP. The series for the Euro Area spans from 1960 to the present.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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