Military Expenditure in Ecuador increased to 2417 USD Million in 2021 from 2356.30 USD Million in 2020. source: SIPRI
Military Expenditure in Ecuador averaged 699.88 USD Million from 1953 until 2021, reaching an all time high of 2786.50 USD Million in 2014 and a record low of 12.10 USD Million in 1953. Ecuador Military Expenditure - values, historical data and charts - was last updated on January of 2023.
Military Expenditure in Ecuador is expected to reach 2300.00 USD Million by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Military Expenditure is projected to trend around 2400.00 USD Million in 2023, according to our econometric models.