Military Expenditure in Turkey decreased to 19567 USD Million in 2020 from 20603 USD Million in 2019. source: SIPRI
Military Expenditure in Turkey averaged 7292.94 USD Million from 1953 until 2020, reaching an all time high of 20603 USD Million in 2019 and a record low of 999 USD Million in 1958. Turkey Military Expenditure - values, historical data and charts - was last updated on July of 2022.
Military Expenditure in Turkey is expected to reach 20778.92 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Military Expenditure is projected to trend around 22111.60 USD Million in 2022 and 22173.66 USD Million in 2023, according to our econometric models.