Military Expenditure in Armenia decreased to 635 USD Million in 2020 from 652 USD Million in 2019. source: SIPRI

Military Expenditure in Armenia averaged 299.30 USD Million from 1992 until 2020, reaching an all time high of 652 USD Million in 2019 and a record low of 52.10 USD Million in 1993. Armenia Military Expenditure - values, historical data and charts - was last updated on July of 2022.

Military Expenditure in Armenia is expected to reach 640.00 USD Million by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Military Expenditure is projected to trend around 680.00 USD Million in 2023 and 700.00 USD Million in 2024, according to our econometric models.

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Armenia Military Expenditure

Related Last Previous Unit Reference
Military Expenditure 635.00 652.00 USD Million Dec 2020