Military Expenditure in Indonesia increased to 9488 USD Million in 2020 from 9003 USD Million in 2019. source: SIPRI
Military Expenditure in Indonesia averaged 3814.30 USD Million from 1974 until 2020, reaching an all time high of 9488 USD Million in 2020 and a record low of 1310 USD Million in 1974. Indonesia Military Expenditure - values, historical data and charts - was last updated on July of 2022.
Military Expenditure in Indonesia is expected to reach 7980.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia Military Expenditure is projected to trend around 7980.00 USD Million in 2022, according to our econometric models.