Military Expenditure in Montenegro increased to 100.30 USD Million in 2020 from 77.70 USD Million in 2019. source: SIPRI
Military Expenditure in Montenegro averaged 71.97 USD Million from 2005 until 2020, reaching an all time high of 100.30 USD Million in 2020 and a record low of 58 USD Million in 2013. Montenegro Military Expenditure - values, historical data and charts - was last updated on August of 2022.
Military Expenditure in Montenegro is expected to reach 71.02 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro Military Expenditure is projected to trend around 71.06 USD Million in 2022 and 71.11 USD Million in 2023, according to our econometric models.