Military Expenditure in Italy decreased to 26082 USD Million in 2018 from 26448 USD Million in 2017. Italy Military Expenditure - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Military Expenditure in Italy averaged 20797.37 USD Million from 1949 until 2018, reaching an all time high of 33326 USD Million in 2004 and a record low of 5504 USD Million in 1949. source: SIPRI
Military Expenditure in Italy is expected to reach 30142.91 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Military Expenditure is projected to trend around 31630.74 USD Million in 2021 and 32354.35 USD Million in 2022, according to our econometric models.