Military spending in Estonia

Estonia: Military spending was 1.19 billion constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
1.19 billion constant 2022 US$
Change on year
up 17.5%
World rank
82nd
of 172 countries
All-time high
1.19 billion constant 2022 US$
in 2023
All-time low
50.49 million constant 2022 US$
in 1919
Years of data
56
1918–2023

Military spending in Estonia, 1918–2023

0250.0M500.0M750.0M1.0B1.2B191819702023

Source: Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.

Analysis

Estonia recorded 1.19 billion constant 2022 US$ for military spending in 2023. That is the highest value across all 56 years on record.

The figure is up 17.5% on the previous year and up 118.8% over ten years.

Over the whole period, military spending in Estonia peaked at 1.19 billion constant 2022 US$ in 2023 and was at its lowest, 50.49 million constant 2022 US$, in 1919.

That places Estonia 82nd out of 172 countries with data for 2023, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Military spending in Estonia, year by year

Annual values for Military spending in Estonia, 1918 to 2023.
Year constant 2022 US$ Change
1918 54.36 million constant 2022 US$
1919 50.49 million constant 2022 US$ -7.1%
1920 51.06 million constant 2022 US$ +1.1%
1921 61.78 million constant 2022 US$ +21.0%
1922 64.20 million constant 2022 US$ +3.9%
1923 58.65 million constant 2022 US$ -8.7%
1924 56.98 million constant 2022 US$ -2.8%
1925 61.85 million constant 2022 US$ +8.5%
1926 65.11 million constant 2022 US$ +5.3%
1927 68.55 million constant 2022 US$ +5.3%
1928 69.87 million constant 2022 US$ +1.9%
1929 69.90 million constant 2022 US$ +0.0%
1930 67.28 million constant 2022 US$ -3.7%
1931 67.81 million constant 2022 US$ +0.8%
1932 64.67 million constant 2022 US$ -4.6%
1933 61.64 million constant 2022 US$ -4.7%
1934 79.21 million constant 2022 US$ +28.5%
1935 81.25 million constant 2022 US$ +2.6%
1936 85.38 million constant 2022 US$ +5.1%
1937 87.17 million constant 2022 US$ +2.1%
1938 96.22 million constant 2022 US$ +10.4%
1939 94.14 million constant 2022 US$ -2.2%
1940 95.33 million constant 2022 US$ +1.3%
1991 67.92 million constant 2022 US$ -28.8%
1992 141.75 million constant 2022 US$ +108.7%
1993 131.29 million constant 2022 US$ -7.4%
1994 73.92 million constant 2022 US$ -43.7%
1995 93.77 million constant 2022 US$ +26.9%
1996 107.17 million constant 2022 US$ +14.3%
1997 108.24 million constant 2022 US$ +1.0%
1998 109.85 million constant 2022 US$ +1.5%
1999 121.01 million constant 2022 US$ +10.2%
2000 129.62 million constant 2022 US$ +7.1%
2001 140.85 million constant 2022 US$ +8.7%
2002 171.44 million constant 2022 US$ +21.7%
2003 226.42 million constant 2022 US$ +32.1%
2004 270.58 million constant 2022 US$ +19.5%
2005 279.26 million constant 2022 US$ +3.2%
2006 338.84 million constant 2022 US$ +21.3%
2007 450.47 million constant 2022 US$ +32.9%
2008 493.76 million constant 2022 US$ +9.6%
2009 433.56 million constant 2022 US$ -12.2%
2010 439.18 million constant 2022 US$ +1.3%
2011 462.24 million constant 2022 US$ +5.3%
2012 501.34 million constant 2022 US$ +8.5%
2013 543.83 million constant 2022 US$ +8.5%
2014 554.30 million constant 2022 US$ +1.9%
2015 571.30 million constant 2022 US$ +3.1%
2016 592.26 million constant 2022 US$ +3.7%
2017 691.39 million constant 2022 US$ +16.7%
2018 777.49 million constant 2022 US$ +12.5%
2019 862.53 million constant 2022 US$ +10.9%
2020 918.48 million constant 2022 US$ +6.5%
2021 966.00 million constant 2022 US$ +5.2%
2022 1.01 billion constant 2022 US$ +4.8%
2023 1.19 billion constant 2022 US$ +17.5%

Estonia compared with similar countries

  • Estonia's 1.19 billion constant 2022 US$ is below the median for high income countries, which is 6.50 billion constant 2022 US$, 18% of the median. (55 countries reporting)
  • Estonia's 1.19 billion constant 2022 US$ is below the median for Europe & Central Asia, which is 2.44 billion constant 2022 US$, 49% of the median. (48 countries reporting)

Biggest year-on-year movements

Years where Military spending in Estonia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1992 +108.7% 67.92 million constant 2022 US$ 141.75 million constant 2022 US$
1994 -43.7% 131.29 million constant 2022 US$ 73.92 million constant 2022 US$

Averages by decade

DecadeAverage LowestHighest Years
1910s 52.43 million constant 2022 US$ 50.49 million constant 2022 US$ 54.36 million constant 2022 US$ 2
1920s 62.79 million constant 2022 US$ 51.06 million constant 2022 US$ 69.90 million constant 2022 US$ 10
1930s 78.48 million constant 2022 US$ 61.64 million constant 2022 US$ 96.22 million constant 2022 US$ 10
1940s 95.33 million constant 2022 US$ 95.33 million constant 2022 US$ 95.33 million constant 2022 US$ 1
1990s 106.10 million constant 2022 US$ 67.92 million constant 2022 US$ 141.75 million constant 2022 US$ 9
2000s 293.48 million constant 2022 US$ 129.62 million constant 2022 US$ 493.76 million constant 2022 US$ 10
2010s 599.59 million constant 2022 US$ 439.18 million constant 2022 US$ 862.53 million constant 2022 US$ 10
2020s 1.02 billion constant 2022 US$ 918.48 million constant 2022 US$ 1.19 billion constant 2022 US$ 4

Countries ranked near Estonia

  1. 79 Kenya 1.40 billion constant 2022 US$ compare
  2. 80 Belarus 1.36 billion constant 2022 US$ compare
  3. 81 Serbia 1.25 billion constant 2022 US$ compare
  4. 83 Armenia 1.19 billion constant 2022 US$ compare
  5. 84 Uganda 1.15 billion constant 2022 US$ compare
  6. 85 Ethiopia 1.14 billion constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Estonia

All data for Estonia →

Frequently asked questions

What is military spending in Estonia?
Military spending in Estonia was 1.19 billion constant 2022 US$ in 2023, according to Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
What is the highest military spending recorded in Estonia?
The highest recorded value was 1.19 billion constant 2022 US$ in 2023.
What is the lowest military spending recorded in Estonia?
The lowest recorded value was 50.49 million constant 2022 US$ in 1919.
How does Estonia rank for military spending?
Estonia ranks 82nd out of 172 countries with data for 2023.
Is military spending rising or falling in Estonia?
Over the last ten years it is up 118.8%. The long-run trend across the full record is volatile.
Where does this Estonia data come from?
The figures come from Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

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Military spending in Estonia. Statizoid, drawing on Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Retrieved 22 September 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/estonia/

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About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.