Military spending per armed forces personnel in Greece

Greece: Military spending per armed forces personnel was 43,999 constant 2024 US$ in 2020. ▲ Rising

Latest (2020)
43,999 constant 2024 US$
Change on year
up 6.7%
World rank
55th
of 160 countries
All-time high
72,146 constant 2024 US$
in 2009
All-time low
28,959 constant 2024 US$
in 1993
Years of data
33
1985–2020

Military spending per armed forces personnel in Greece, 1985–2020

020.0k40.0k60.0k80.0k1985200220201985: 37.2k constant 2024 US$1989: 31.6k constant 2024 US$1990: 31.9k constant 2024 US$1991: 29.7k constant 2024 US$1992: 30.4k constant 2024 US$1993: 29.0k constant 2024 US$1994: 30.5k constant 2024 US$1995: 31.8k constant 2024 US$1996: 34.2k constant 2024 US$1997: 43.5k constant 2024 US$1998: 45.7k constant 2024 US$1999: 48.7k constant 2024 US$2000: 53.4k constant 2024 US$2001: 52.2k constant 2024 US$2002: 46.0k constant 2024 US$2003: 39.4k constant 2024 US$2004: 47.2k constant 2024 US$2005: 50.7k constant 2024 US$2006: 55.0k constant 2024 US$2007: 55.0k constant 2024 US$2008: 61.1k constant 2024 US$2009: 72.1k constant 2024 US$2010: 53.0k constant 2024 US$2011: 43.0k constant 2024 US$2012: 38.3k constant 2024 US$2013: 35.4k constant 2024 US$2014: 35.6k constant 2024 US$2015: 37.7k constant 2024 US$2016: 39.7k constant 2024 US$2017: 39.5k constant 2024 US$2018: 41.7k constant 2024 US$2019: 41.2k constant 2024 US$2020: 44.0k constant 2024 US$

Source: Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.

Analysis

In 2020, military spending per armed forces personnel in Greece stood at 43,999 constant 2024 US$.

The figure is up 6.7% on the previous year and down 16.9% over ten years.

Over the whole period, military spending per armed forces personnel in Greece peaked at 72,146 constant 2024 US$ in 2009 and was at its lowest, 28,959 constant 2024 US$, in 1993.

That places Greece 55th out of 160 countries with data for 2020, putting it in the middle of the range.

The long-run direction has been consistently rising across the 33 years of available data.

Military spending per armed forces personnel in Greece, year by year

Annual values for Military spending per armed forces personnel in Greece, 1985 to 2020.
Year constant 2024 US$ Change
1985 37,231 constant 2024 US$
1989 31,551 constant 2024 US$ -15.3%
1990 31,898 constant 2024 US$ +1.1%
1991 29,663 constant 2024 US$ -7.0%
1992 30,382 constant 2024 US$ +2.4%
1993 28,959 constant 2024 US$ -4.7%
1994 30,459 constant 2024 US$ +5.2%
1995 31,758 constant 2024 US$ +4.3%
1996 34,168 constant 2024 US$ +7.6%
1997 43,526 constant 2024 US$ +27.4%
1998 45,726 constant 2024 US$ +5.1%
1999 48,691 constant 2024 US$ +6.5%
2000 53,405 constant 2024 US$ +9.7%
2001 52,229 constant 2024 US$ -2.2%
2002 46,043 constant 2024 US$ -11.8%
2003 39,446 constant 2024 US$ -14.3%
2004 47,160 constant 2024 US$ +19.6%
2005 50,692 constant 2024 US$ +7.5%
2006 54,998 constant 2024 US$ +8.5%
2007 54,954 constant 2024 US$ -0.1%
2008 61,091 constant 2024 US$ +11.2%
2009 72,146 constant 2024 US$ +18.1%
2010 52,955 constant 2024 US$ -26.6%
2011 43,009 constant 2024 US$ -18.8%
2012 38,298 constant 2024 US$ -11.0%
2013 35,378 constant 2024 US$ -7.6%
2014 35,567 constant 2024 US$ +0.5%
2015 37,719 constant 2024 US$ +6.0%
2016 39,723 constant 2024 US$ +5.3%
2017 39,515 constant 2024 US$ -0.5%
2018 41,708 constant 2024 US$ +5.6%
2019 41,248 constant 2024 US$ -1.1%
2020 43,999 constant 2024 US$ +6.7%

Greece compared with similar countries

  • Greece's 43,999 constant 2024 US$ is below the median for high income countries, which is 131,220 constant 2024 US$, 34% of the median. (54 countries reporting)
  • Greece's 43,999 constant 2024 US$ is below the median for Europe & Central Asia, which is 55,593 constant 2024 US$, 79% of the median. (48 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1980s 34,391 constant 2024 US$ 31,551 constant 2024 US$ 37,231 constant 2024 US$ 2
1990s 35,523 constant 2024 US$ 28,959 constant 2024 US$ 48,691 constant 2024 US$ 10
2000s 53,216 constant 2024 US$ 39,446 constant 2024 US$ 72,146 constant 2024 US$ 10
2010s 40,512 constant 2024 US$ 35,378 constant 2024 US$ 52,955 constant 2024 US$ 10
2020s 43,999 constant 2024 US$ 43,999 constant 2024 US$ 43,999 constant 2024 US$ 1

Countries ranked near Greece

  1. 52 Malta 47,155 constant 2024 US$ compare
  2. 53 Russia 46,194 constant 2024 US$ compare
  3. 54 Jamaica 44,915 constant 2024 US$ compare
  4. 56 Lithuania 41,495 constant 2024 US$ compare
  5. 57 Cyprus 41,305 constant 2024 US$ compare
  6. 58 Burkina Faso 41,029 constant 2024 US$ compare

See the full ranking of 160 places →

More reference data data for Greece

All data for Greece →

Frequently asked questions

What is military spending per armed forces personnel in Greece?
Military spending per armed forces personnel in Greece was 43,999 constant 2024 US$ in 2020, according to Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data.
What is the highest military spending per armed forces personnel recorded in Greece?
The highest recorded value was 72,146 constant 2024 US$ in 2009.
What is the lowest military spending per armed forces personnel recorded in Greece?
The lowest recorded value was 28,959 constant 2024 US$ in 1993.
How does Greece rank for military spending per armed forces personnel?
Greece ranks 55th out of 160 countries with data for 2020.
Is military spending per armed forces personnel rising or falling in Greece?
Over the last ten years it is down 16.9%. The long-run trend across the full record is rising.
Where does this Greece data come from?
The figures come from Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data, published as part of Military spending per armed forces personnel. Statizoid updates them automatically from the source API.

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Military spending per armed forces personnel in Greece. Statizoid, drawing on Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/military-spending-per-armed-forces-personnel/greece/

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About this data

Indicator
Military spending per armed forces personnel
Unit
constant 2024 US$
Source
Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
160 places, 4,610 data points, 1985–2020
Last refreshed

Total military expenditure divided by armed forces personnel. 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.