Military Expenditure in Iran decreased to 12151 USD Million in 2020 from 12528 USD Million in 2019. source: SIPRI
Military Expenditure in Iran averaged 9558.69 USD Million from 1960 until 2020, reaching an all time high of 22527 USD Million in 1976 and a record low of 692 USD Million in 1960. Iran Military Expenditure - values, historical data and charts - was last updated on June of 2022.
Military Expenditure in Iran is expected to reach 15121.15 USD Million by the end of 2021, 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 2022 and 15220.83 USD Million in 2023, according to our econometric models.