Contents

List of countries in Europe by military expenditures

Total defence expenditure of the European Defence Agency (EDA) Member States was €214 billion in 2021, which was 1.5% of the 26 EDA Member States’ GDP, the same percentage as in 2020.^[2]

The European Defence Agency member state average spend on defence as a percentage of GDP was 1.5% in 2022.^[2]

Rank (lowest first)	Country	Percentage of GDP expenditure, 2023[3]
29	Albania	1.74%
1	Andorra	[a]
49	Armenia	5.45%
13	Austria	0.84%
50	Azerbaijan	4.60%
18	Belarus	1.80%
16	Belgium	1.21%
14	Bosnia and Herzegovina	0.81%
27	Bulgaria	1.85%
41	Croatia	1.78%
38	Cyprus	1.82%
22	Czech Republic	1.52%
24	Denmark	1.95%
41	Estonia	2.87%
35	Finland	2.42%
39	France	2.06%
25	Georgia	1.68%
23	Germany	1.52%
47	Greece	3.23%
28	Hungary	2.13%
5	Iceland (2021)	0.1%[1][b]
6	Ireland	0.22%
34	Italy	1.61%
10	Kazakhstan	0.48%
15	Kosovo	1.25%
40	Latvia	2.27%
8	Liechtenstein (assumed 2017)	0.4%[6][c]
46	Lithuania	2.72%
11	Luxembourg	0.75%
9	Malta	0.56%
7	Moldova	0.55%
1	Monaco	[d]
31	Montenegro	1.63%
29	Netherlands	1.53%
31	North Macedonia	1.70%
33	Norway	1.61%
45	Poland	3.83%
21	Portugal	1.52%
36	Romania	1.61%
48	Russia	5.86%
1	San Marino	[e]
44	Serbia	2.85%
37	Slovakia	2.02%
17	Slovenia	1.34%
26	Spain	1.51%
42	Sweden	1.47%
12	Switzerland	0.70%
19	Turkey	1.50%
51	Ukraine	36.65%
43	United Kingdom	2.26%
1	Vatican City	[e]

Rank	Country	US $m in 2023[10]
39	Albania	397,6
47	Andorra	[a]
30	Armenia	1329,5
20	Austria	4410,0
23	Azerbaijan	3561,7
29	Belarus	1403,1
15	Belgium	7629,4
41	Bosnia and Herzegovina	216,7
27	Bulgaria	1918,4
28	Croatia	1439,1
37	Cyprus	566,9
19	Czech Republic	5056,3
13	Denmark	8144,9
33	Estonia	1189,5
16	Finland	7348,0
5	France	61301,3
38	Georgia	504,6
3	Germany	66826,6
14	Greece	7729,8
21	Hungary	4355,5
46	Iceland	0.0[b]
31	Ireland	1269,2
6	Italy	35528,9
32	Kazakhstan	1236,3
42	Kosovo	133,2
34	Latvia	1045,3
48	Liechtenstein	[c]
25	Lithuania	2160,8
36	Luxembourg	662,5
44	Malta	112,6
45	Moldova	93,4
49	Monaco	[d]
43	Montenegro	114,5
9	Netherlands	16624,8
40	North Macedonia	266,6
12	Norway	8668,6
7	Poland	31649,9
22	Portugal	4223,2
18	Romania	5610,7
1	Russia	109454,4
50	San Marino	[e]
26	Serbia	2135,8
24	Slovakia	2663,1
35	Slovenia	907,5
8	Spain	23699,1
11	Sweden	8754,9
17	Switzerland	6293,4
10	Turkey	15827,9
4	Ukraine	64753,2
2	United Kingdom	74942,8
51	Vatican City	[e]

• List of sovereign states and dependent territories in Europe by GDP (PPP)
• List of European countries by fiscal balance
• List of metropolitan areas in the European Union by GDP
• List of European countries by budget revenues
• List of European countries by budget revenues per capita
• Economy of Europe
• World economy
• European Union
• OSCE countries statistics