Military Expenditure in Mongolia increased to 90 USD Million in 2018 from 83 USD Million in 2017. source: SIPRI
Military Expenditure in Mongolia averaged 58.90 USD Million from 1990 until 2018, reaching an all time high of 121.80 USD Million in 1990 and a record low of 30.20 USD Million in 1994. Mongolia Military Expenditure - values, historical data and charts - was last updated on October of 2020.
Military Expenditure in Mongolia is expected to reach 90.40 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Military Expenditure is projected to trend around 90.40 USD Million in 2021, according to our econometric models.