Military Expenditure in Bolivia increased to 598 USD Million in 2018 from 574 USD Million in 2017. Bolivia Military Expenditure - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Military Expenditure in Bolivia averaged 455.91 USD Million from 1953 until 2018, reaching an all time high of 750 USD Million in 1998 and a record low of 45.40 USD Million in 1956. source: SIPRI
Military Expenditure in Bolivia is expected to reach 630.00 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bolivia Military Expenditure is projected to trend around 610.00 USD Million in 2021, according to our econometric models.