Military Expenditure in Iraq decreased to 6200 USD Million in 2018 from 7416 USD Million in 2017.
Military Expenditure in Iraq averaged 5051.20 USD Million from 2004 until 2018, reaching an all time high of 9536 USD Million in 2015 and a record low of 2037 USD Million in 2006. Iraq Military Expenditure - values, historical data and charts - was last updated on August of 2020. source: SIPRI
Military Expenditure in Iraq is expected to reach 5980.61 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iraq Military Expenditure is projected to trend around 5701.04 USD Million in 2021 and 6529.91 USD Million in 2022, according to our econometric models.