Military Expenditure in Portugal increased to 4908.90 USD Million in 2021 from 4303 USD Million in 2020. source: SIPRI
Military Expenditure in Portugal averaged 1785.69 USD Million from 1949 until 2021, reaching an all time high of 4949.70 USD Million in 2009 and a record low of 52.70 USD Million in 1950. Portugal Military Expenditure - values, historical data and charts - was last updated on November of 2022.
Military Expenditure in Portugal is expected to reach 4334.00 USD Million by the end of 2022, 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 2023, according to our econometric models.