Euro Area Military Expenditure (USD)
$288.5B▲ +$41.1B
Dec 2024 · Annual
Military expenditure in the Euro Area rose to $288.53 billion in 2024 from $247.46 billion in 2023. This is the highest level on record since the series began in 1960. The previous all-time low was $8.50 billion in 1960.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| $288.5B | $247.5B | $288.5BDec 2024 | $8.5BDec 1960 | 1960 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Military Expenditure | 1.7% | 1.6% | 4.0% | 1.3% | Dec 2024 | Annual |
| GDP | $18.01T | $16.60T | $18.01T | $253.5B | Dec 2025 | Annual |
About this series
Military Expenditure (USD) in Euro Area averaged $164.9B from 1960 until 2024, reaching an all-time high of $288.5B in Dec 2024 and a record low of $8.5B in Dec 1960. The series is reported yearly with history from 1960.
Military expenditure in the Euro Area is measured in current US dollars. The data is reported annually and covers the period from 1960 to 2024. It includes all current and capital expenditures on the armed forces, including peacekeeping and defense ministries.
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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