Military Expenditure in Israel increased to 21065 USD Million in 2020 from 20504 USD Million in 2019. source: SIPRI
Military Expenditure in Israel averaged 11119.90 USD Million from 1952 until 2020, reaching an all time high of 21065 USD Million in 2020 and a record low of 370 USD Million in 1953. Israel Military Expenditure - values, historical data and charts - was last updated on July of 2021.
Military Expenditure in Israel is expected to reach 14072.66 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Military Expenditure is projected to trend around 13662.68 USD Million in 2022 and 13864.02 USD Million in 2023, according to our econometric models.