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.