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Military expenditure in dollars — all countries

Military expenditure in dollars — Northern Europe

Military expenditure in dollars in Northern Europe in 2024 — 128,011,122,227 US$. Since 1993, the indicator has risen by 151.1%.

2024 128B US$ +13.45% vs 2023
World rank —
Period maximum 128B US$2024
Period minimum 50.99B US$1993

Trend over time

1993–2024 · US$

Military expenditure in dollars — Northern Europe, 1993–202440B60B80B100B120B140B1993199720012005200920132017202120241993: 50,988,218,097 US$1994: 51,980,068,254 US$1995: 52,295,103,173 US$1996: 52,385,744,401 US$1997: 53,911,443,602 US$1998: 55,371,322,134 US$1999: 54,567,542,833 US$2000: 51,964,416,735 US$2001: 51,882,115,152 US$2002: 58,233,228,330 US$2003: 69,377,074,414 US$2004: 78,931,667,801 US$2005: 80,450,716,366 US$2006: 83,977,954,749 US$2007: 95,849,448,654 US$2008: 97,192,965,117 US$2009: 86,084,740,052 US$2010: 86,776,781,329 US$2011: 91,075,665,730 US$2012: 89,384,576,050 US$2013: 88,449,588,628 US$2014: 91,357,637,306 US$2015: 80,170,042,584 US$2016: 74,299,300,897 US$2017: 74,507,057,663 US$2018: 80,907,909,871 US$2019: 81,607,807,336 US$2020: 84,363,323,763 US$2021: 94,417,736,573 US$2022: 94,984,670,491 US$2023: 112,838,533,968 US$2024: 128,011,122,227 US$
Change over the period: +77.02B (+151.06%) Average annual rate: 3.01 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Northern Europe

Northern Europe 128B US$
World 2.65T US$
Military expenditure in dollars — Northern Europe, by year Northern Europe All countries CSV XLSX
Year US$ Change Change, %
2024 128B +15.17B +13.45%
2023 113B +17.85B +18.8%
2022 94.98B +567M +0.6%
2021 94.42B +10.05B +11.92%
2020 84.36B +2.76B +3.38%
2019 81.61B +700M +0.87%
2018 80.91B +6.4B +8.59%
2017 74.51B +208M +0.28%
2016 74.3B −5.87B −7.32%
2015 80.17B −11.19B −12.25%
2014 91.36B +2.91B +3.29%
2013 88.45B −935M −1.05%
2012 89.38B −1.69B −1.86%
2011 91.08B +4.3B +4.95%
2010 86.78B +692M +0.8%
2009 86.08B −11.11B −11.43%
2008 97.19B +1.34B +1.4%
2007 95.85B +11.87B +14.14%
2006 83.98B +3.53B +4.38%
2005 80.45B +1.52B +1.92%
2004 78.93B +9.55B +13.77%
2003 69.38B +11.14B +19.14%
2002 58.23B +6.35B +12.24%
2001 51.88B −82.3M −0.16%
2000 51.96B −2.6B −4.77%
1999 54.57B −804M −1.45%
1998 55.37B +1.46B +2.71%
1997 53.91B +1.53B +2.91%
1996 52.39B +90.64M +0.17%
1995 52.3B +315M +0.61%
1994 51.98B +992M +1.95%
1993 50.99B — —

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.

Other indicators for Northern Europe

Defense Military expenditure (% of GDP)

The share of GDP a country spends on defense.

Northern Europe by year Defense Armed forces personnel

The number of active-duty military personnel and paramilitary forces.

Northern Europe by year Defense Arms exports

Transfers of major conventional weapons abroad, in SIPRI trend-indicator values (TIV).

Northern Europe by year Defense Military expenditure share of the budget

What part of government spending goes to defense.

Northern Europe by year Defense Arms imports

Purchases of major conventional weapons abroad.

Northern Europe by year Defense Armed forces personnel since 1816

A long historical series on the personnel of armies — since 1816, that is, over two centuries.

Northern Europe by year
All indicators for Northern Europe