Military Expenditure in Armenia decreased to 619.40 USD Million in 2021 from 634 USD Million in 2020. source: SIPRI
Military Expenditure in Armenia averaged 271.07 USD Million from 1992 until 2021, reaching an all time high of 652 USD Million in 2019 and a record low of 0 USD Million in 1992. Armenia Military Expenditure - values, historical data and charts - was last updated on November of 2022.
Military Expenditure in Armenia is expected to reach 640.00 USD Million by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Military Expenditure is projected to trend around 680.00 USD Million in 2023 and 700.00 USD Million in 2024, according to our econometric models.