Military Expenditure in Chile increased to 5382 USD Million in 2018 from 5370 USD Million in 2017.
Military Expenditure in Chile averaged 2369.35 USD Million from 1953 until 2018, reaching an all time high of 5382 USD Million in 2018 and a record low of 115 USD Million in 1954. Chile Military Expenditure - values, historical data and charts - was last updated on July of 2020. source: SIPRI
Military Expenditure in Chile is expected to reach 5100.00 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Chile Military Expenditure is projected to trend around 5100.00 USD Million in 2021 and 4984.74 USD Million in 2022, according to our econometric models.