Military Expenditure in Luxembourg increased to 393 USD Million in 2018 from 358 USD Million in 2017.
Military Expenditure in Luxembourg averaged 147.38 USD Million from 1949 until 2018, reaching an all time high of 393 USD Million in 2018 and a record low of 24.90 USD Million in 1949. Luxembourg Military Expenditure - values, historical data and charts - was last updated on October of 2020. source: SIPRI
Military Expenditure in Luxembourg is expected to reach 294.63 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Military Expenditure is projected to trend around 299.69 USD Million in 2021 and 301.23 USD Million in 2022, according to our econometric models.