Military Expenditure in Luxembourg increased to 479 USD Million in 2020 from 429 USD Million in 2019. source: SIPRI

Military Expenditure in Luxembourg averaged 159.99 USD Million from 1949 until 2020, reaching an all time high of 479 USD Million in 2020 and a record low of 25.70 USD Million in 1949. Luxembourg Military Expenditure - values, historical data and charts - was last updated on June of 2021.

Military Expenditure in Luxembourg is expected to reach 292.68 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Military Expenditure is projected to trend around 299.69 USD Million in 2022 and 301.23 USD Million in 2023, according to our econometric models.

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Luxembourg Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
479.00 429.00 479.00 25.70 1949 - 2020 USD Million Yearly
Constant 2019 prices

Luxembourg Government Last Previous Highest Lowest Unit
Government Debt to GDP 24.90 22.00 24.90 7.40 percent of GDP [+]
Government Budget -4.10 2.40 5.60 -4.10 percent of GDP [+]
Government Budget Value 1542.70 1841.40 1841.40 -358.40 EUR Million [+]
Government Spending 2396.80 2375.00 2396.80 958.10 EUR Million [+]
Government Spending to GDP 47.80 42.30 47.80 37.80 percent of GDP [+]
Government Revenues 28353.50 27202.10 28353.50 6838.20 EUR Million [+]
Fiscal Expenditure 26810.70 25360.80 26810.70 6417.20 EUR Million [+]
Military Expenditure 479.00 429.00 479.00 25.70 USD Million [+]
Credit Rating 100.00 [+]
Asylum Applications 75.00 85.00 430.00 25.00 persons [+]