Military Expenditure in Thailand decreased to 6604.50 USD Million in 2021 from 7268.80 USD Million in 2020. source: SIPRI
Military Expenditure in Thailand averaged 2345.71 USD Million from 1957 until 2021, reaching an all time high of 7286.10 USD Million in 2019 and a record low of 58.70 USD Million in 1961. Thailand Military Expenditure - values, historical data and charts - was last updated on February of 2023.
Military Expenditure in Thailand is expected to reach 6300.00 USD Million by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Military Expenditure is projected to trend around 6300.00 USD Million in 2023, according to our econometric models.