Military expenditure in dollars — all countries

Military expenditure in dollars — Euro area

Military expenditure in dollars in the Euro area in 2024 — 288,529,017,916 US$. Since 1960, the indicator has risen by 3,292.8%.

2024 289B US$ +16.6% vs 2023
World rank
Period maximum 289B US$2024
Period minimum 8.5B US$1960

Trend over time

1960–2024 · US$

Military expenditure in dollars — Euro area, 1960–20240100B200B300B19601967197419811988199520022009201620231960: 8,504,246,208 US$1962: 10,978,659,766 US$1964: 12,623,500,005 US$1966: 13,893,234,549 US$1968: 14,907,835,990 US$1970: 16,836,888,198 US$1972: 23,445,717,583 US$1974: 33,547,902,067 US$1976: 40,235,454,093 US$1978: 56,548,566,111 US$1980: 75,226,703,196 US$1982: 66,063,590,113 US$1984: 59,930,436,549 US$1986: 82,740,634,035 US$1988: 108,324,041,143 US$1990: 130,551,268,055 US$1992: 135,452,089,118 US$1994: 123,183,742,879 US$1996: 135,201,292,019 US$1998: 121,041,363,678 US$2000: 106,795,428,386 US$2002: 113,626,447,495 US$2004: 158,935,748,775 US$2006: 165,479,477,317 US$2008: 208,702,436,020 US$2010: 188,606,662,123 US$2012: 180,372,066,908 US$2014: 180,427,380,721 US$2016: 158,562,758,289 US$2018: 184,260,774,986 US$2020: 201,744,529,445 US$2022: 217,997,042,581 US$2024: 288,529,017,916 US$
Change over the period: +280B (+3,292.76%) Average annual rate: 5.66 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Euro area

Euro area 289B US$
World 2.65T US$
Military expenditure in dollars — Euro area, by year Euro area All countries CSV XLSX
Year US$ Change Change, %
2024 289B +41.07B +16.6%
2023 247B +29.46B +13.51%
2022 218B −4.52B −2.03%
2021 223B +20.77B +10.29%
2020 202B +16.24B +8.76%
2019 186B +1.24B +0.67%
2018 184B +16.7B +9.96%
2017 168B +9B +5.68%
2016 159B +5.23B +3.41%
2015 153B −27.09B −15.01%
2014 180B −1.05B −0.58%
2013 181B +1.1B +0.61%
2012 180B −14.55B −7.47%
2011 195B +6.32B +3.35%
2010 189B −13.43B −6.65%
2009 202B −6.67B −3.2%
2008 209B +23.42B +12.64%
2007 185B +19.8B +11.97%
2006 165B +4.63B +2.88%
2005 161B +1.92B +1.21%
2004 159B +18.97B +13.55%
2003 140B +26.34B +23.18%
2002 114B +8.24B +7.82%
2001 105B −1.41B −1.32%
2000 107B −13.21B −11.01%
1999 120B −1.03B −0.85%
1998 121B −150M −0.12%
1997 121B −14.01B −10.36%
1996 135B +271M +0.2%
1995 135B +11.75B +9.54%
1994 123B +2.31B +1.91%
1993 121B −14.58B −10.76%
1992 135B +7.09B +5.52%
1991 128B −2.19B −1.68%
1990 131B +22.25B +20.55%
1989 108B −24.26M −0.02%
1988 108B +5.6B +5.46%
1987 103B +19.98B +24.15%
1986 82.74B +22.23B +36.73%
1985 60.51B +582M +0.97%
1984 59.93B −4.06B −6.35%
1983 63.99B −2.07B −3.13%
1982 66.06B −1.24B −1.85%
1981 67.31B −7.92B −10.53%
1980 75.23B +7.51B +11.09%
1979 67.72B +11.17B +19.75%
1978 56.55B +10.51B +22.84%
1977 46.04B +5.8B +14.42%
1976 40.24B +732M +1.85%
1975 39.5B +5.96B +17.75%
1974 33.55B +4.1B +13.94%
1973 29.44B +6B +25.58%
1972 23.45B +4.36B +22.86%
1971 19.08B +2.25B +13.34%
1970 16.84B +1.15B +7.36%
1969 15.68B +775M +5.2%
1968 14.91B +72.58M +0.49%
1967 14.84B +942M +6.78%
1966 13.89B +789M +6.02%
1965 13.1B +481M +3.81%
1964 12.62B +586M +4.87%
1963 12.04B +1.06B +9.64%
1962 10.98B +1.68B +18.03%
1961 9.3B +797M +9.38%
1960 8.5B

About the indicator

Military expenditure in current US dollars under the SIPRI definition. It allows absolute defense budgets to be compared, but not military capability: the purchasing power of the dollar in defense differs widely between countries, so equal budgets buy different amounts of personnel and equipment.

Source: Military Expenditure Database (SIPRI), license SIPRI terms of use.