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.

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.

Download this data

CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (Our World in Data).

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.