Military Expenditure in Armenia decreased to 635 USD Million in 2020 from 652 USD Million in 2019. source: SIPRI
Military Expenditure in Armenia averaged 299.30 USD Million from 1992 until 2020, reaching an all time high of 652 USD Million in 2019 and a record low of 52.10 USD Million in 1993. Armenia Military Expenditure - values, historical data and charts - was last updated on August 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.