Military Expenditure in Armenia increased to 591 USD Million in 2018 from 444 USD Million in 2017. source: SIPRI

Military Expenditure in Armenia averaged 264.42 USD Million from 1992 until 2018, reaching an all time high of 591 USD Million in 2018 and a record low of 49.80 USD Million in 1993. Armenia Military Expenditure - values, historical data and charts - was last updated on January of 2021.

Military Expenditure in Armenia is expected to reach 451.30 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Military Expenditure is projected to trend around 451.30 USD Million in 2021, according to our econometric models.

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Armenia Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
591.00 444.00 591.00 49.80 1992 - 2018 USD Million Yearly
constant 2017 prices

Armenia Government Last Previous Highest Lowest Unit
Government Debt to GDP 45.60 48.49 48.49 13.56 percent [+]
Government Budget -1.00 -1.80 -0.70 -7.50 percent of GDP [+]
Government Budget Value -102989.50 -83755.90 93147.40 -176100.10 AMD Billion [+]
Government Revenues 370633.10 353736.20 448757.10 54380.30 AMD Billion [+]
Government Debt 3826.10 3720.10 3826.10 491.00 AMD Billion [+]
Fiscal Expenditure 473622.60 437492.10 588998.30 58587.20 AMD Million [+]
Credit Rating 16.00 [+]
Military Expenditure 591.00 444.00 591.00 49.80 USD Million [+]
Government Spending 227904.30 210246.20 299123.10 15855.90 AMD Million [+]
Government Spending To Gdp 24.80 24.10 28.60 23.60 percent of GDP [+]