Military Expenditure in Philippines increased to 3495 USD Million in 2020 from 3472 USD Million in 2019. source: SIPRI
Military Expenditure in Philippines averaged 2049.52 USD Million from 1958 until 2020, reaching an all time high of 4303 USD Million in 2017 and a record low of 539 USD Million in 1958. Philippines Military Expenditure - values, historical data and charts - was last updated on July of 2022.
Military Expenditure in Philippines is expected to reach 3500.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Military Expenditure is projected to trend around 3500.00 USD Million in 2022, according to our econometric models.