ImoCompany How much do governments spend on defence? The ratio of government expenditure on defence to GDP is higher in Latvia and lower in Ireland. Portugal is at the top of the list. 01 Jan 1900 min de leitura In 2023, the general government expenditure of the European Union (EU) countries on defence totalled €227 billion, representing 2.7% of total general government expenditure, equivalent to 1.3% of GDP, according to data recently released by Eurostat. Portugal is below the European average. According to the European statistics office, in the EU, the share of total defence spending decreased from 3% in 1995 to 2.7% in 2023. However, compared to 2021 and 2022, the percentage increased from 2.4% of total expenditure in 2021 to 2.5% in 2022 and 2.7% in 2023. It should be noted that the ratio of government expenditure on defence to GDP is highest in Latvia (3.1%) and lowest in Ireland (0.2%). Portugal is the fifth country on the list, among the 27 member states, where the percentage is lowest, not reaching 1%. In 2023, the highest levels of total defence spending among EU countries were observed in Latvia (3.1% of GDP), Estonia (2.7% of GDP), Lithuania (2.5% of GDP), Greece (2.2% of GDP), Poland (2.1% of GDP), Cyprus and Hungary (both 1.9% of GDP), as well as France, Denmark and Sweden (each with 1.8% of GDP). ImoCompany Share article FacebookXPinterestWhatsAppCopiar link Link copiado