Military Expenditure in Bulgaria decreased to 1210 USD Million in 2020 from 2159 USD Million in 2019. source: SIPRI
Military Expenditure in Bulgaria averaged 1111.47 USD Million from 1989 until 2020, reaching an all time high of 3994 USD Million in 1989 and a record low of 644 USD Million in 1997. Bulgaria Military Expenditure - values, historical data and charts - was last updated on September of 2022.
Military Expenditure in Bulgaria is expected to reach 1070.92 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bulgaria Military Expenditure is projected to trend around 1319.65 USD Million in 2022 and 1505.10 USD Million in 2023, according to our econometric models.