Euro Area military spending/defense budget for 2024 was 286.20 billion US dollars, a 16.59% increase from 2023.
Euro Area military spending/defense budget for 2023 was 245.47 billion US dollars, a 13.35% increase from 2022.
Euro Area military spending/defense budget for 2022 was 216.56 billion US dollars, a 2.11% decline from 2021.
Euro Area military spending/defense budget for 2021 was 221.24 billion US dollars, a 10.27% increase from 2020.
Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). The full historical dataset is available for download here: Euro Area Military Spending/Defense Budget | Historical Data | 1960 - 2024.