Military Expenditure in Iraq decreased to 6994 USD Million in 2020 from 7599 USD Million in 2019. source: SIPRI

Military Expenditure in Iraq averaged 2810.13 USD Million from 1957 until 2020, reaching an all time high of 9493 USD Million in 2015 and a record low of 217 USD Million in 1957. Iraq Military Expenditure - values, historical data and charts - was last updated on June of 2021.

Military Expenditure in Iraq is expected to reach 5634.58 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iraq Military Expenditure is projected to trend around 5701.04 USD Million in 2022 and 6529.91 USD Million in 2023, according to our econometric models.

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Iraq Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
6994.00 7599.00 9493.00 217.00 1957 - 2020 USD Million Yearly
Constant 2019 prices

Iraq Government Last Previous Highest Lowest Unit
Government Debt to GDP 68.30 46.90 344.30 32.00 percent of GDP [+]
Government Budget -17.50 -0.90 10.70 -34.90 percent of GDP [+]
Government Budget Value -12882754.00 -16599895.00 61244368.00 -16599895.00 IQD Million [+]
Government Revenues 63199689.00 47761048.00 119466403.00 1119448.00 IQD Million [+]
Fiscal Expenditure 76082443.00 64360943.00 111723523.00 468749.00 IQD Million [+]
Military Expenditure 6994.00 7599.00 9493.00 217.00 USD Million [+]
Credit Rating 23.00 [+]