Military Expenditure in Azerbaijan increased to 2173 USD Million in 2020 from 1854 USD Million in 2019. source: SIPRI
Military Expenditure in Azerbaijan averaged 940.59 USD Million from 1992 until 2020, reaching an all time high of 2330 USD Million in 2015 and a record low of 78 USD Million in 1996. Azerbaijan Military Expenditure - values, historical data and charts - was last updated on July of 2021.
Military Expenditure in Azerbaijan is expected to reach 1490.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Military Expenditure is projected to trend around 1490.00 USD Million in 2022, according to our econometric models.