Military Expenditure in Philippines increased to 3327 USD Million in 2019 from 2843 USD Million in 2018. source: SIPRI

Military Expenditure in Philippines averaged 1941.97 USD Million from 1958 until 2019, reaching an all time high of 4125 USD Million in 2017 and a record low of 517 USD Million in 1958. Philippines Military Expenditure - values, historical data and charts - was last updated on May of 2021.

Military Expenditure in Philippines is expected to reach 3500.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Military Expenditure is projected to trend around 3500.00 USD Million in 2022, according to our econometric models.

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Philippines Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
3327.00 2843.00 4125.00 517.00 1958 - 2019 USD Million Yearly
constant 2018 prices

Philippines Government Last Previous Highest Lowest Unit
Government Debt to GDP 41.50 41.80 74.90 41.50 percent [+]
Government Budget -3.50 -3.20 1.00 -5.30 percent of GDP [+]
Government Budget Value -191442.00 -115970.00 86872.00 -302590.00 PHP Million [+]
Government Spending 633065.57 612156.61 854691.94 62728.31 PHP Million [+]
Government Revenues 216161.00 219562.00 350977.00 81.00 PHP Million [+]
Fiscal Expenditure 407603.00 335532.00 541138.00 107.00 PHP Million [+]
Military Expenditure 3327.00 2843.00 4125.00 517.00 USD Million [+]
Credit Rating 61.00 [+]