Military Expenditure in Serbia decreased to 1086 USD Million in 2020 from 1144 USD Million in 2019. source: SIPRI

Military Expenditure in Serbia averaged 1004.72 USD Million from 1996 until 2020, reaching an all time high of 1478 USD Million in 2000 and a record low of 795 USD Million in 2018. Serbia Military Expenditure - values, historical data and charts - was last updated on September of 2021.

Military Expenditure in Serbia is expected to reach 707.68 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Military Expenditure is projected to trend around 713.32 USD Million in 2022 and 718.08 USD Million in 2023, according to our econometric models.

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Serbia Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
1086.00 1144.00 1478.00 795.00 1996 - 2020 USD Million Yearly
Constant 2019 prices

Serbia Government Last Previous Highest Lowest Unit
Government Debt to GDP 57.40 52.00 201.20 26.80 percent of GDP [+]
Government Budget -8.40 0.20 1.10 -8.40 percent of GDP [+]
Government Debt 3191561.77 3135701.55 3191561.77 1505550.20 RSD Million [+]
Military Expenditure 1086.00 1144.00 1478.00 795.00 USD Million [+]
Government Spending 267702.40 255537.90 278897.60 2320.70 RSD Million [+]
Government Spending To Gdp 49.40 42.30 49.40 39.80 percent of GDP [+]
Credit Rating 46.00 [+]