Military Expenditure in Italy increased to 28370 USD Million in 2020 from 26381 USD Million in 2019. source: SIPRI
Military Expenditure in Italy averaged 21299.24 USD Million from 1949 until 2020, reaching an all time high of 33838 USD Million in 2004 and a record low of 5588 USD Million in 1949. Italy Military Expenditure - values, historical data and charts - was last updated on October of 2021.
Military Expenditure in Italy is expected to reach 30142.91 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Military Expenditure is projected to trend around 31630.74 USD Million in 2022 and 32354.35 USD Million in 2023, according to our econometric models.