Military Expenditure in Algeria decreased to 9112.50 USD Million in 2021 from 9708.30 USD Million in 2020. source: SIPRI
Military Expenditure in Algeria averaged 2905.65 USD Million from 1963 until 2021, reaching an all time high of 10412.70 USD Million in 2015 and a record low of 66.40 USD Million in 1963. Algeria Military Expenditure - values, historical data and charts - was last updated on December of 2022.
Military Expenditure in Algeria is expected to reach 9975.45 USD Million by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Algeria Military Expenditure is projected to trend around 9888.57 USD Million in 2023 and 9909.73 USD Million in 2024, according to our econometric models.