Military Expenditure in Luxembourg increased to 444 USD Million in 2019 from 393 USD Million in 2018. source: SIPRI
Military Expenditure in Luxembourg averaged 161.07 USD Million from 1949 until 2019, reaching an all time high of 444 USD Million in 2019 and a record low of 26.60 USD Million in 1949. Luxembourg Military Expenditure - values, historical data and charts - was last updated on May of 2021.
Military Expenditure in Luxembourg is expected to reach 292.68 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Military Expenditure is projected to trend around 299.69 USD Million in 2022 and 301.23 USD Million in 2023, according to our econometric models.