Ukraine military budget 2023

Ukraine's military expenditure increased by 57 percent between 2022 and 2023. In 2022, when the Russian invasion of Ukraine began, Ukraine was estimated to have spent over 41 billion current U.S. dollars on defense. The country had the eighth-highest military expenditure worldwide. Furthermore, Ukraine was the country with the most significant increase in defense spending over the past decade.

Key figures on the Ukrainian Army

The number of active military personnel in Ukraine reached 200,000 in 2022. Active soldiers exclude reservists and paramilitary personnel. Moreover, Ukraine had the sixth most powerful military in Europe as per PowerIndex score, which considers military might, financials, as well as logistics and geography.

How much of its GDP does Ukraine on defense?

Ukraine’s military spending accounted for over one third of the gross domestic product (GDP) in 2023. This share sharply increased compared to 2021, when it stood at 3.4 percent. The country’s ratio of defense expenditure to GDP has been on the rise since 2018.

Military expenditure in Ukraine from 2000 to 2023 (in million current U.S. dollars)

Characteristic	Military spending in million current U.S. dollars
2023**	64,753.2
2022**	41,183.9
2021**	6,898.1
2020**	6,838.8
2019**	6,262.4
2018**	4,750.2
2017**	3,647.6
2016**	3,423.3
2015**	3,502.7
2014**	3,961.6
2013	4,386.4
2012	4,136.9
2011	3,684.6
2010	3,729.5
2009	3,452.5
2008	4,811
2007*	4,096
2006*	2,986.5
2005*	2,405.5
2004*	1,685
2003*	1,428
2002*	1,176.4
2001*	1,088.6
2000*	1,136.7

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Release date

April 2024

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Region

Ukraine

Survey time period

2000 to 2023

Supplementary notes

*Figures up to 2007 are for the adopted budget rather than actual expenditure.
**The figures should be treated with level of uncertainty.

The data exclude foreign financial assistance and equipment donations.
The figures are in current U.S. dollars "converted at the exchange rate for the given year."
Values have been rounded.

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