Military Expenditure in Montenegro increased to 77.50 USD Million in 2018 from 65.70 USD Million in 2017.
Military Expenditure in Montenegro averaged 67.99 USD Million from 2005 until 2018, reaching an all time high of 77.50 USD Million in 2018 and a record low of 56.40 USD Million in 2013. Montenegro Military Expenditure - values, historical data and charts - was last updated on August of 2020. source: SIPRI
Military Expenditure in Montenegro is expected to reach 71.11 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro Military Expenditure is projected to trend around 71.06 USD Million in 2021 and 71.11 USD Million in 2022, according to our econometric models.