Military Expenditure in Portugal increased to 4716 USD Million in 2019 from 4420 USD Million in 2018. source: SIPRI
Military Expenditure in Portugal averaged 3259.30 USD Million from 1949 until 2019, reaching an all time high of 5186 USD Million in 1974 and a record low of 802 USD Million in 1949. Portugal Military Expenditure - values, historical data and charts - was last updated on May of 2021.
Military Expenditure in Portugal is expected to reach 4334.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Military Expenditure is projected to trend around 4334.00 USD Million in 2022, according to our econometric models.