Military Expenditure in Jamaica decreased to 247 USD Million in 2020 from 265 USD Million in 2019. source: SIPRI
Military Expenditure in Jamaica averaged 107.32 USD Million from 1976 until 2020, reaching an all time high of 265 USD Million in 2019 and a record low of 63.20 USD Million in 1985. Jamaica Military Expenditure - values, historical data and charts - was last updated on June of 2021.
Military Expenditure in Jamaica is expected to reach 170.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Military Expenditure is projected to trend around 200.00 USD Million in 2022 and 220.00 USD Million in 2023, according to our econometric models.