Military Expenditure in Albania increased to 216 USD Million in 2020 from 197 USD Million in 2019. source: SIPRI
Military Expenditure in Albania averaged 164.33 USD Million from 1989 until 2020, reaching an all time high of 285 USD Million in 1990 and a record low of 74.40 USD Million in 1998. Albania Military Expenditure - values, historical data and charts - was last updated on July of 2021.
Military Expenditure in Albania is expected to reach 159.57 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Albania Military Expenditure is projected to trend around 157.42 USD Million in 2022 and 159.27 USD Million in 2023, according to our econometric models.