Military Expenditure in Ecuador decreased to 2244 USD Million in 2020 from 2400 USD Million in 2019. source: SIPRI
Military Expenditure in Ecuador averaged 1242.33 USD Million from 1957 until 2020, reaching an all time high of 3011 USD Million in 2013 and a record low of 222 USD Million in 1959. Ecuador Military Expenditure - values, historical data and charts - was last updated on October of 2021.
Military Expenditure in Ecuador is expected to reach 2500.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Military Expenditure is projected to trend around 2300.00 USD Million in 2022 and 2400.00 USD Million in 2023, according to our econometric models.