Military Expenditure in Armenia increased to 658 USD Million in 2019 from 609 USD Million in 2018. source: SIPRI
Military Expenditure in Armenia averaged 285.54 USD Million from 1992 until 2019, reaching an all time high of 658 USD Million in 2019 and a record low of 51.10 USD Million in 1993. Armenia Military Expenditure - values, historical data and charts - was last updated on April of 2021.
Military Expenditure in Armenia is expected to reach 451.30 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Military Expenditure is projected to trend around 451.30 USD Million in 2022, according to our econometric models.