Military Expenditure in Luxembourg increased to 479 USD Million in 2020 from 429 USD Million in 2019. source: SIPRI
Military Expenditure in Luxembourg averaged 159.99 USD Million from 1949 until 2020, reaching an all time high of 479 USD Million in 2020 and a record low of 25.70 USD Million in 1949. Luxembourg Military Expenditure - values, historical data and charts - was last updated on September of 2021.
Military Expenditure in Luxembourg is expected to reach 292.68 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Military Expenditure is projected to trend around 299.69 USD Million in 2022 and 301.23 USD Million in 2023, according to our econometric models.