Military Expenditure in Serbia increased to 1173 USD Million in 2019 from 818 USD Million in 2018. source: SIPRI
Military Expenditure in Serbia averaged 1029.96 USD Million from 1996 until 2019, reaching an all time high of 1521 USD Million in 2000 and a record low of 818 USD Million in 2018. Serbia Military Expenditure - values, historical data and charts - was last updated on May of 2021.
Military Expenditure in Serbia is expected to reach 707.68 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Military Expenditure is projected to trend around 713.32 USD Million in 2022 and 718.08 USD Million in 2023, according to our econometric models.