Military Expenditure in Chile increased to 5562 USD Million in 2019 from 5546 USD Million in 2018. source: SIPRI
Military Expenditure in Chile averaged 2501.87 USD Million from 1953 until 2019, reaching an all time high of 5562 USD Million in 2019 and a record low of 119 USD Million in 1954. Chile Military Expenditure - values, historical data and charts - was last updated on May of 2021.
Military Expenditure in Chile is expected to reach 5100.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chile Military Expenditure is projected to trend around 5300.00 USD Million in 2022 and 5400.00 USD Million in 2023, according to our econometric models.