Military Expenditure in Azerbaijan increased to 1804 USD Million in 2019 from 1672 USD Million in 2018. source: SIPRI

Military Expenditure in Azerbaijan averaged 914.57 USD Million from 1992 until 2019, reaching an all time high of 2262 USD Million in 2015 and a record low of 108 USD Million in 1996. Azerbaijan Military Expenditure - values, historical data and charts - was last updated on May of 2021.

Military Expenditure in Azerbaijan is expected to reach 1490.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Military Expenditure is projected to trend around 1490.00 USD Million in 2022, according to our econometric models.

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Azerbaijan Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
1804.00 1672.00 2262.00 108.00 1992 - 2019 USD Million Yearly
constant 2018 prices

Azerbaijan Government Last Previous Highest Lowest Unit
Government Debt to GDP 20.10 17.70 25.40 3.20 percent [+]
Government Budget -2.40 -0.30 0.90 -2.40 percent of GDP [+]
Government Revenues 5736.40 4029.40 24673.10 973.00 AZN Million [+]
Fiscal Expenditure 5523.70 3469.80 26417.10 241.50 AZN Million [+]
Government Budget Value 212.70 559.60 2556.10 -1186.00 AZN Million [+]
Government Spending 3451.40 2749.00 3451.40 146.50 AZN Million [+]
Government Spending To GDP 36.50 29.90 36.50 15.20 percent of GDP [+]
Credit Rating 48.00 [+]
Military Expenditure 1804.00 1672.00 2262.00 108.00 USD Million [+]