Military Expenditure in Libya decreased to 6320 USD Million in 2014 from 6830 USD Million in 2013. source: SIPRI
Military Expenditure in Libya averaged 2377.87 USD Million from 1997 until 2014, reaching an all time high of 6830 USD Million in 2013 and a record low of 895 USD Million in 1999. Libya Military Expenditure - values, historical data and charts - was last updated on November of 2020.
Military Expenditure in Libya is expected to reach 4899.11 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Military Expenditure is projected to trend around 3473.09 USD Million in 2021 and 3110.43 USD Million in 2022, according to our econometric models.