Military Expenditure in Algeria decreased to 9958 USD Million in 2020 from 10304 USD Million in 2019. source: SIPRI
Military Expenditure in Algeria averaged 3091.33 USD Million from 1969 until 2020, reaching an all time high of 10515 USD Million in 2016 and a record low of 214 USD Million in 1972. Algeria Military Expenditure - values, historical data and charts - was last updated on October of 2021.
Military Expenditure in Algeria is expected to reach 9975.45 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Algeria Military Expenditure is projected to trend around 9888.57 USD Million in 2022 and 9909.73 USD Million in 2023, according to our econometric models.