Military Expenditure in Turkey increased to 22088 USD Million in 2018 from 17824 USD Million in 2017. source: SIPRI

Military Expenditure in Turkey averaged 8151.23 USD Million from 1953 until 2018, reaching an all time high of 22088 USD Million in 2018 and a record low of 1176 USD Million in 1958. Turkey Military Expenditure - values, historical data and charts - was last updated on January of 2021.

Military Expenditure in Turkey is expected to reach 20778.92 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Military Expenditure is projected to trend around 22111.60 USD Million in 2021 and 22173.66 USD Million in 2022, according to our econometric models.

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Turkey Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
22088.00 17824.00 22088.00 1176.00 1953 - 2018 USD Million Yearly
constant 2017 prices

Turkey Government Last Previous Highest Lowest Unit
Government Debt to GDP 33.10 30.40 76.10 27.50 percent [+]
Government Budget -2.90 -1.90 -0.60 -33.00 percent of GDP [+]
Government Budget Value 13.43 -4.89 28.22 -43.72 TRY Billion [+]
Government Spending 62371480.00 60596128.50 73947597.60 20942407.10 TRY THO [+]
Government Revenues 109.75 92.77 122.17 0.04 TRY Billion [+]
Government Debt 1872089.00 1934964.00 1934964.00 15.00 TRY Million [+]
Fiscal Expenditure 96.32 97.66 116.23 0.04 TRY Billion [+]
Treasury Cash Balance 12549.39 -6789.58 30292.26 -46249.30 TRY Million [+]
Military Expenditure 22088.00 17824.00 22088.00 1176.00 USD Million [+]
Credit Rating 36.00 [+]