Military Expenditure in Iran decreased to 12612 USD Million in 2018 from 13931 USD Million in 2017.
Military Expenditure in Iran averaged 7435.07 USD Million from 1960 until 2018, reaching an all time high of 17581 USD Million in 1976 and a record low of 540 USD Million in 1960. Iran Military Expenditure - values, historical data and charts - was last updated on June of 2020. source: SIPRI
Military Expenditure in Iran is expected to reach 15121.15 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iran Military Expenditure is projected to trend around 15348.08 USD Million in 2021 and 15220.83 USD Million in 2022, according to our econometric models.