Military Expenditure in Azerbaijan increased to 1624 USD Million in 2018 from 1529 USD Million in 2017.
Military Expenditure in Azerbaijan averaged 851.33 USD Million from 1992 until 2018, reaching an all time high of 2183 USD Million in 2015 and a record low of 104 USD Million in 1996. Azerbaijan Military Expenditure - values, historical data and charts - was last updated on October of 2020. source: SIPRI
Military Expenditure in Azerbaijan is expected to reach 1490.00 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Military Expenditure is projected to trend around 1490.00 USD Million in 2021, according to our econometric models.