The European Defence Agency (EDA) has published its annual Defence Data report for 2024-2025, detailing defence spending from all 27 EU Member States. In 2024, defence expenditure by the 27 EU Member States reached an unprecedented €343 billion — a 19% rise on 2023 — bringing spending to 1.9% of GDP. The increase, driven largely by record levels of equipment procurement and rising investment in research and development, reflects Member States’ determination to strengthen Europe’s military capabilities in response to the evolving security environment.
For the full document, please see here
For the first time, defence investment exceeded €100 billion, accounting for 31% of total expenditure, the highest share recorded by EDA since data collection began. While spending continues to grow and is forecast to climb further in 2025, it remains below the levels of military powers such as the United States — underlining the need for sustained investment and greater collaboration to maximise efficiency and ensure interoperability across the EU’s armed forces.
Head of EDA, HRVP Kaja Kallas, said: "Europe is spending record amounts on defence to keep our people safe, and we will not stop there. This investment will be funnelled into everything from research and development to the joint procurement and production of essential defence components. The European Union is pulling every financial and political lever we have to support our Member States and European companies in this effort. Defence today is not a nice-to-have but fundamental for the protection of our citizens. This must be the era of European defence."
EDA Chief Executive André Denk said: “It is encouraging to see EU Member States taking their defence spending to record levels. Meeting the new NATO target of 3.5% of GDP will require even more effort, spending a total of more than €630 billion a year. Yet we must also cooperate closely, find economies of scale and increase interoperability. EDA stands more ready than ever to support Member States in this endeavour."