Military Expenditure in Montenegro increased to 77.50 USD Million in 2018 from 65.70 USD Million in 2017. source: SIPRI

Military Expenditure in Montenegro averaged 67.99 USD Million from 2005 until 2018, reaching an all time high of 77.50 USD Million in 2018 and a record low of 56.40 USD Million in 2013. Montenegro Military Expenditure - values, historical data and charts - was last updated on November of 2020.

Military Expenditure in Montenegro is expected to reach 71.11 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro Military Expenditure is projected to trend around 71.06 USD Million in 2021 and 71.11 USD Million in 2022, according to our econometric models.

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Montenegro Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
77.50 65.70 77.50 56.40 2005 - 2018 USD Million Yearly
constant 2017 prices

Montenegro Government Last Previous Highest Lowest Unit
Government Debt to GDP 62.27 62.50 88.30 26.80 percent [+]
Government Budget -2.00 -2.00 6.60 -7.20 percent of GDP [+]
Government Budget Value -217443988.18 -70514119.46 187654471.92 -302735891.71 EUR [+]
Government Spending 217589.00 172533.00 285085.00 132118.00 EUR Thousand [+]
Government Revenues 837077934.85 423413994.27 2150870317.26 165905908.20 EUR [+]
Government Debt 3133.68 3179.38 3179.38 700.40 EUR Million [+]
Fiscal Expenditure 1054521923.03 493928113.73 2248459025.50 174130466.74 EUR [+]
Credit Rating 35.00 [+]
Military Expenditure 77.50 65.70 77.50 56.40 USD Million [+]