Military Expenditure in Philippines increased to 4090.50 USD Million in 2021 from 3732.70 USD Million in 2020. source: SIPRI
Military Expenditure in Philippines averaged 1298.74 USD Million from 1958 until 2021, reaching an all time high of 4096.30 USD Million in 2017 and a record low of 82.90 USD Million in 1962. Philippines Military Expenditure - values, historical data and charts - was last updated on January of 2023.
Military Expenditure in Philippines is expected to reach 3500.00 USD Million by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Military Expenditure is projected to trend around 3500.00 USD Million in 2023, according to our econometric models.