Military Expenditure in Paraguay increased to 391 USD Million in 2020 from 376 USD Million in 2019. source: SIPRI
Military Expenditure in Paraguay averaged 205.24 USD Million from 1960 until 2020, reaching an all time high of 391 USD Million in 2020 and a record low of 43.60 USD Million in 1961. Paraguay Military Expenditure - values, historical data and charts - was last updated on June of 2022.
Military Expenditure in Paraguay is expected to reach 353.16 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Paraguay Military Expenditure is projected to trend around 348.89 USD Million in 2022 and 342.63 USD Million in 2023, according to our econometric models.