Military Expenditure in Armenia increased to 591 USD Million in 2018 from 444 USD Million in 2017.
Military Expenditure in Armenia averaged 264.42 USD Million from 1992 until 2018, reaching an all time high of 591 USD Million in 2018 and a record low of 49.80 USD Million in 1993. Armenia Military Expenditure - values, historical data and charts - was last updated on September of 2020. source: SIPRI
Military Expenditure in Armenia is expected to reach 451.30 USD Million by the end of 2020, 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 2021, according to our econometric models.