Military Expenditure in Serbia increased to 1173 USD Million in 2019 from 818 USD Million in 2018. source: SIPRI

Military Expenditure in Serbia averaged 1029.96 USD Million from 1996 until 2019, reaching an all time high of 1521 USD Million in 2000 and a record low of 818 USD Million in 2018. Serbia Military Expenditure - values, historical data and charts - was last updated on May of 2021.

Military Expenditure in Serbia is expected to reach 707.68 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Military Expenditure is projected to trend around 713.32 USD Million in 2022 and 718.08 USD Million in 2023, according to our econometric models.

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Serbia Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
1173.00 818.00 1521.00 818.00 1996 - 2019 USD Million Yearly
constant 2018 prices

Serbia Government Last Previous Highest Lowest Unit
Government Debt to GDP 52.00 53.70 201.20 26.80 percent [+]
Government Budget 0.20 0.60 1.10 -5.90 percent of GDP [+]
Government Debt 3191561.77 3135701.55 3191561.77 1505550.20 RSD Million [+]
Military Expenditure 1173.00 818.00 1521.00 818.00 USD Million [+]
Government Spending 278896.90 242987.20 278896.90 2320.70 RSD Million [+]
Government Spending To Gdp 42.30 40.90 45.20 39.80 percent [+]
Credit Rating 46.00 [+]