Military Expenditure in Azerbaijan increased to 1624 USD Million in 2018 from 1529 USD Million in 2017. Military Expenditure in Azerbaijan averaged 851.33 USD Million from 1992 until 2018, reaching an all time high of 2183 USD Million in 2015 and a record low of 104 USD Million in 1996. source: SIPRI

Military Expenditure in Azerbaijan is expected to be 1515.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Military Expenditure is projected to trend around 1490.00 USD Million in 2020, according to our econometric models.

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Azerbaijan Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
1624.00 1529.00 2183.00 104.00 1992 - 2018 USD Million Yearly
constant 2017 prices

Azerbaijan Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.40 54.10 54.10 7.30 percent [+]
Government Budget -0.40 -1.60 0.90 -1.60 percent of GDP [+]
Government Revenues 21132.20 19273.90 22411.20 973.00 AZN Million [+]
Fiscal Expenditure 20175.30 18433.60 22718.90 241.50 AZN Million [+]
Military Expenditure 1624.00 1529.00 2183.00 104.00 USD Million [+]
Government Spending 2265.80 1706.80 2522.10 146.50 AZN Million [+]
Government Spending To GDP 28.50 25.10 33.20 15.20 percent of GDP [+]
Government Budget Value 956.90 840.30 2214.10 -1186.00 AZN Million [+]
Credit Rating 50.00 [+]