Military Expenditure in Turkey decreased to 19567 USD Million in 2020 from 20603 USD Million in 2019. source: SIPRI

Military Expenditure in Turkey averaged 7292.94 USD Million from 1953 until 2020, reaching an all time high of 20603 USD Million in 2019 and a record low of 999 USD Million in 1958. Turkey Military Expenditure - values, historical data and charts - was last updated on June of 2021.

Military Expenditure in Turkey is expected to reach 20778.92 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Military Expenditure is projected to trend around 22111.60 USD Million in 2022 and 22173.66 USD Million in 2023, according to our econometric models.

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Turkey Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
19567.00 20603.00 20603.00 999.00 1953 - 2020 USD Million Yearly
Constant 2019 prices

Turkey Government Last Previous Highest Lowest Unit
Government Debt to GDP 39.50 32.60 75.50 27.40 percent of GDP [+]
Government Budget -3.40 -2.90 -0.60 -33.00 percent of GDP [+]
Government Budget Value -13.37 -16.92 28.22 -43.72 TRY Billion [+]
Government Spending 61363117.10 78810997.60 78810997.60 20942407.10 TRY THO [+]
Government Revenues 104.57 93.79 134.93 0.04 TRY Billion [+]
Government Debt 1949520.00 1950100.00 1950100.00 15.00 TRY Million [+]
Fiscal Expenditure 117.94 110.71 138.25 0.04 TRY Billion [+]
Treasury Cash Balance -29010.45 -13309.68 40984.16 -46826.70 TRY Million [+]
Military Expenditure 19567.00 20603.00 20603.00 999.00 USD Million [+]
Credit Rating 35.00 [+]