Military Expenditure in Colombia increased to 10180.10 USD Million in 2021 from 9554.10 USD Million in 2020. source: SIPRI
Military Expenditure in Colombia averaged 3303.19 USD Million from 1958 until 2021, reaching an all time high of 12503.80 USD Million in 2013 and a record low of 67.70 USD Million in 1959. Colombia Military Expenditure - values, historical data and charts - was last updated on November of 2022.
Military Expenditure in Colombia is expected to reach 10300.00 USD Million by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Military Expenditure is projected to trend around 10050.00 USD Million in 2023, according to our econometric models.