Military Expenditure in Portugal increased to 4557 USD Million in 2020 from 4278 USD Million in 2019. source: SIPRI
Military Expenditure in Portugal averaged 3133.97 USD Million from 1949 until 2020, reaching an all time high of 4963 USD Million in 1974 and a record low of 768 USD Million in 1949. Portugal Military Expenditure - values, historical data and charts - was last updated on August of 2021.
Military Expenditure in Portugal is expected to reach 4334.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Military Expenditure is projected to trend around 4334.00 USD Million in 2022, according to our econometric models.