Military Expenditure in Philippines decreased to 3753 USD Million in 2018 from 3755 USD Million in 2017.

Military Expenditure in Philippines averaged 1931.90 USD Million from 1958 until 2018, reaching an all time high of 4223 USD Million in 2016 and a record low of 513 USD Million in 1958. Philippines Military Expenditure - values, historical data and charts - was last updated on October of 2020. source: SIPRI

Military Expenditure in Philippines is expected to reach 3000.00 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Military Expenditure is projected to trend around 3500.00 USD Million in 2021, according to our econometric models.

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Philippines Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
3753.00 3755.00 4223.00 513.00 1958 - 2018 USD Million Yearly
constant 2017 prices

Philippines Government Last Previous Highest Lowest Unit
Government Debt to GDP 41.50 41.80 74.90 41.50 percent [+]
Government Budget -3.50 -3.20 1.00 -5.30 percent of GDP [+]
Government Budget Value -40074.00 -140208.00 86872.00 -273881.00 PHP Million [+]
Government Spending 854691.94 563543.97 854691.94 62728.31 PHP Million [+]
Government Revenues 243232.00 234468.00 350977.00 81.00 PHP Million [+]
Fiscal Expenditure 283306.00 374676.00 494389.00 107.00 PHP Million [+]
Military Expenditure 3753.00 3755.00 4223.00 513.00 USD Million [+]
Credit Rating 61.00 [+]