Military Expenditure in Macedonia increased to 156 USD Million in 2019 from 120 USD Million in 2018. source: SIPRI

Military Expenditure in Macedonia averaged 146.04 USD Million from 1996 until 2019, reaching an all time high of 396 USD Million in 2001 and a record low of 108 USD Million in 2017. Macedonia Military Expenditure - values, historical data and charts - was last updated on May of 2021.

Military Expenditure in Macedonia is expected to reach 133.15 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macedonia Military Expenditure is projected to trend around 134.95 USD Million in 2022 and 135.36 USD Million in 2023, according to our econometric models.

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Macedonia Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
156.00 120.00 396.00 108.00 1996 - 2019 USD Million Yearly
constant 2018 prices

Macedonia Government Last Previous Highest Lowest Unit
Government Debt to GDP 40.70 40.40 57.20 20.50 percent [+]
Government Budget -2.00 -1.70 2.40 -13.40 percent of GDP [+]
Government Budget Value -1396.00 -2755.00 4291.00 -13809.00 MKD Million [+]
Government Spending 28968.00 27798.00 28968.00 11939.00 MKD Million [+]
Government Revenues 17305.00 16435.00 20711.00 6756.00 MKD Million [+]
Government Debt 5516.00 5573.10 5573.10 1387.00 EUR Million [+]
Fiscal Expenditure 18701.00 19190.00 33465.00 6855.00 MKD Million [+]
Military Expenditure 156.00 120.00 396.00 108.00 USD Million [+]
Credit Rating 45.00 [+]