Military Expenditure in Portugal increased to 3969 USD Million in 2018 from 3647 USD Million in 2017.
Military Expenditure in Portugal averaged 3036.71 USD Million from 1949 until 2018, reaching an all time high of 4881 USD Million in 1974 and a record low of 755 USD Million in 1949. Portugal Military Expenditure - values, historical data and charts - was last updated on August of 2020. source: SIPRI
Military Expenditure in Portugal is expected to reach 4334.00 USD Million by the end of 2020, 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 2021, according to our econometric models.