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.

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Albania Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
216.00 197.00 285.00 74.40 1989 - 2020 USD Million Yearly
Constant 2019 prices

Albania Government Last Previous Highest Lowest Unit
Government Debt to GDP 65.90 67.90 72.70 4.80 percent of GDP [+]
Government Budget -1.90 -1.60 -1.60 -12.60 percent of GDP [+]
Government Budget Value -14653.00 -7162.00 18434.00 -110569.00 ALL Million [+]
Government Spending 48086.00 41485.00 104247.00 30548.00 ALL Million [+]
Government Revenues 234289.00 191602.00 460349.00 4096.00 ALL Million [+]
Government Debt 1220922.00 1174997.00 1220922.00 636773.00 ALL Million [+]
Fiscal Expenditure 263380.00 211940.00 536474.00 4946.00 ALL Million [+]
Military Expenditure 216.00 197.00 285.00 74.40 USD Million [+]
Credit Rating 32.00 [+]
Government Spending To GDP 29.30 29.10 37.40 26.20 percent of GDP [+]