Military Expenditure in Azerbaijan increased to 1624 USD Million in 2018 from 1529 USD Million in 2017. source: SIPRI

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. Azerbaijan Military Expenditure - values, historical data and charts - was last updated on February of 2021.

Military Expenditure in Azerbaijan is expected to reach 1490.00 USD Million by the end of 2020, 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 2021, 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 -0.30 -0.40 0.90 -1.60 percent of GDP [+]
Government Revenues 24673.10 22241.10 24673.10 973.00 AZN Million [+]
Fiscal Expenditure 26417.10 22162.70 26417.10 241.50 AZN Million [+]
Military Expenditure 1624.00 1529.00 2183.00 104.00 USD Million [+]
Government Budget Value 1744.00 78.40 2556.10 -1186.00 AZN Million [+]
Government Spending 2749.00 2574.80 2749.00 146.50 AZN Million [+]
Government Spending To GDP 29.90 28.50 33.20 15.20 percent of GDP [+]
Credit Rating 48.00 [+]