This article lists military spending in European countries by varying methods including as a percentage of GDP per capita and as a total capital expenditure as listed by the Stockholm International Peace Research Institute unless otherwise stated or cited.
The share of total expenditure, the average defence spending was 2.5 % in 2021 in the EU and 2.4% in the euro area. As a share of GDP the average was 1.3% in the EU and in the euro area. [1]
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 2021. [2]
Rank (lowest first) | Country | Percentage of GDP expenditure, 2022 [3] |
---|---|---|
29 | Albania | 1.58% |
1 | Andorra | [lower-alpha 1] |
49 | Armenia | 4.32% |
13 | Austria | 0.77% |
50 | Azerbaijan | 4.55% |
18 | Belarus | 1.20% |
16 | Belgium | 1.18% |
14 | Bosnia and Herzegovina | 0.81% |
27 | Bulgaria | 1.51% |
42 | Croatia | 2.17% |
38 | Cyprus | 1.81% |
22 | Czech Republic | 1.36% |
24 | Denmark | 1.42% |
41 | Estonia | 2.09% |
35 | Finland | 1.72% |
39 | France | 1.94% |
25 | Georgia | 1.43% |
23 | Germany | 1.39% |
47 | Greece | 3.69% |
28 | Hungary | 1.53% |
5 | Iceland (2021) | 0.1% [1] [lower-alpha 2] |
6 | Ireland | 0.23% |
34 | Italy | 1.68% |
10 | Kazakhstan | 0.51% |
15 | Kosovo | 1.13% |
40 | Latvia | 2.05% |
8 | Liechtenstein (assumed 2017) | 0.4% [6] [lower-alpha 3] |
46 | Lithuania | 2.52% |
11 | Luxembourg | 0.70% |
9 | Malta | 0.50% |
7 | Moldova | 0.32% |
1 | Monaco | [lower-alpha 4] |
31 | Montenegro | 1.61% |
29 | Netherlands | 1.58% |
31 | North Macedonia | 1.61% |
33 | Norway | 1.64% |
45 | Poland | 2.39% |
21 | Portugal | 1.35% |
36 | Romania | 1.73% |
48 | Russia | 4.06% |
1 | San Marino | [lower-alpha 5] |
44 | Serbia | 2.28% |
37 | Slovakia | 1.76% |
17 | Slovenia | 1.19% |
26 | Spain | 1.47% |
20 | Sweden | 1.31% |
12 | Switzerland | 0.76% |
19 | Turkey | 1.23% |
51 | Ukraine | 33.55% |
43 | United Kingdom | 2.23% |
1 | Vatican City | [lower-alpha 5] |
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The economy of Hungary is a high-income mixed economy, ranked as the 9th most complex economy according to the Economic Complexity Index. Hungary is a member of the Organisation for Economic Co-operation and Development (OECD) with a very high human development index and a skilled labour force, with the 22nd lowest income inequality by Gini index in the world. The Hungarian economy is the 53rd-largest economy in the world with $265.037 billion annual output, and ranks 41st in the world in terms of GDP per capita measured by purchasing power parity. Hungary has an export-oriented market economy with a heavy emphasis on foreign trade; thus the country is the 35th largest export economy in the world. The country had more than $100 billion of exports in 2015, with a high trade surplus of $9.003 billion, of which 79% went to the European Union (EU) and 21% was extra-EU trade. Hungary's productive capacity is more than 80% privately owned, with 39.1% overall taxation, which funds the country's welfare economy. On the expenditure side, household consumption is the main component of GDP and accounts for 50% of its total, followed by gross fixed capital formation with 22% and government expenditure with 20%.
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The economy of Andorra is a developed and free market economy driven by finance, retail, and tourism. The country's gross domestic product (GDP) was US$5.70 billion in 2023. Attractive for shoppers from France and Spain as a free port, Andorra also has developed active summer and winter tourist resorts. With some 270 hotels and 400 restaurants, as well as many shops, the tourist trade employs a growing portion of the domestic labour force. An estimated 10 million tourists visit annually.
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