Military Expenditure in Mongolia increased to 107 USD Million in 2020 from 100 USD Million in 2019. source: SIPRI
Military Expenditure in Mongolia averaged 65.29 USD Million from 1990 until 2020, reaching an all time high of 128.90 USD Million in 1990 and a record low of 32 USD Million in 1994. Mongolia Military Expenditure - values, historical data and charts - was last updated on October of 2021.
Military Expenditure in Mongolia is expected to reach 90.40 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Military Expenditure is projected to trend around 90.40 USD Million in 2022, according to our econometric models.