Military Expenditure in Turkey increased to 20796 USD Million in 2019 from 19649 USD Million in 2018. source: SIPRI

Military Expenditure in Turkey averaged 7262.40 USD Million from 1953 until 2019, reaching an all time high of 20796 USD Million in 2019 and a record low of 1021 USD Million in 1958. Turkey Military Expenditure - values, historical data and charts - was last updated on April of 2021.

Military Expenditure in Turkey is expected to reach 20778.92 USD Million by the end of 2021, 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 2022 and 22173.66 USD Million in 2023, according to our econometric models.

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Turkey Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
20796.00 19649.00 20796.00 1021.00 1953 - 2019 USD Million Yearly
constant 2018 prices

Turkey Government Last Previous Highest Lowest Unit
Government Debt to GDP 39.50 32.60 75.50 27.40 percent [+]
Government Budget -3.40 -2.90 -0.60 -33.00 percent of GDP [+]
Government Budget Value 23.17 -24.15 28.22 -43.72 TRY Billion [+]
Government Spending 78810997.60 62201954.00 78810997.60 20942407.10 TRY THO [+]
Government Revenues 119.58 89.61 122.17 0.04 TRY Billion [+]
Government Debt 1859644.00 1837648.00 1935227.00 15.00 TRY Million [+]
Fiscal Expenditure 96.41 113.76 138.25 0.04 TRY Billion [+]
Treasury Cash Balance 40984.16 -3556.80 40984.16 -46826.70 TRY Million [+]
Military Expenditure 20796.00 19649.00 20796.00 1021.00 USD Million [+]
Credit Rating 35.00 [+]