Military Expenditure in Israel increased to 15690 USD Million in 2018 from 15582 USD Million in 2017.
Military Expenditure in Israel averaged 11057.64 USD Million from 1952 until 2018, reaching an all time high of 18267 USD Million in 1991 and a record low of 358 USD Million in 1953. Israel Military Expenditure - values, historical data and charts - was last updated on June of 2020. source: SIPRI
Military Expenditure in Israel is expected to reach 14072.66 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Military Expenditure is projected to trend around 13662.68 USD Million in 2021 and 13864.02 USD Million in 2022, according to our econometric models.