Military Expenditure in Armenia increased to 658 USD Million in 2019 from 609 USD Million in 2018. source: SIPRI

Military Expenditure in Armenia averaged 285.54 USD Million from 1992 until 2019, reaching an all time high of 658 USD Million in 2019 and a record low of 51.10 USD Million in 1993. Armenia Military Expenditure - values, historical data and charts - was last updated on April of 2021.

Military Expenditure in Armenia is expected to reach 451.30 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Military Expenditure is projected to trend around 451.30 USD Million in 2022, according to our econometric models.

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Armenia Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
658.00 609.00 658.00 51.10 1992 - 2019 USD Million Yearly
constant 2018 prices

Armenia Government Last Previous Highest Lowest Unit
Government Debt to GDP 45.60 48.49 48.49 13.56 percent [+]
Government Budget -1.00 -1.80 -0.70 -7.50 percent of GDP [+]
Government Budget Value -175749.00 -102989.50 93147.40 -176100.10 AMD Billion [+]
Government Revenues 502229.30 370633.10 502229.30 54380.30 AMD Billion [+]
Government Debt 3923.90 3826.10 3923.90 491.00 AMD Billion [+]
Fiscal Expenditure 677978.30 473622.60 677978.30 58587.20 AMD Million [+]
Credit Rating 16.00 [+]
Military Expenditure 658.00 609.00 658.00 51.10 USD Million [+]
Government Spending 371885.20 248173.50 371885.20 15855.90 AMD Million [+]
Government Spending To Gdp 16.00 24.80 28.60 16.00 percent of GDP [+]