Greece has the second highest military defence expenditure in Europe

Defence Spending

Greece has the second highest military defence expenditure in Europe with Estonia leading the pack in first place, according to the latest Eurostat data.

In 2019, the ratio of general government expenditure on defence to GDP varied across EU Member States from 0.2% in Ireland and 0.4% in Luxembourg to 2.0% in Greece and 2.1% in Estonia.

According to Eurostat, in 2019 general government EU State’s expenditure on defence amounted to €168.5 billion, representing 2.6% of total general government expenditure. This is equivalent to 1.2% of GDP.

Since 2014, the share of defence expenditure in total government expenditure increased slightly, while the percentage of GDP remained stable at 1.2% of GDP.

 

READ: KALYMNOS: Greek President Honours Naval Victory  Defeat Of Ottomans