Armenia - Military Expenditure
Since 2014, Armenia Military Expenditure rose 8% year on year. In 2019, the country was ranked number 81 comparing other countries in Military Expenditure with $673,280,844.48. Armenia is overtaken by Latvia, which was ranked number 80 at $709,807,433.95 and is followed by Estonia with $656,068,069.86. United States lead the ranking with $731,751,400,000 in 2019, a growth of 7.2% versus 2018. China, India and Russia respectively ranked number 2, 3 and 4 in this ranking. Bulgaria witnessed the best average annual growth at +23.3% per year, while Venezuela was the worst growing country at -55.3% per year.
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| Date | US Dollars |
|---|---|
| 2019 | 673,280,844.48 |
| 2018 | 608,854,649.86 |
| 2017 | 443,610,413.34 |
| 2016 | 431,396,218.60 |
| 2015 | 447,379,807.51 |
Download all data from 1993 to 2019
How does Armenia rank in Military Expenditure?
| # | 156 Countries | US Dollars | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
731,751,400,000.00 | 2019 | +7.2 % | +2.5 % | View data | |
| 2 |
#2
China
|
261,081,940,426.67 | 2019 | +3.0 % | +5.4 % | View data | |
| 80 |
#80
Latvia
|
709,807,433.95 | 2019 | -1.9 % | +19.1 % | View data | |
| 81 |
#81
Armenia
|
673,280,844.48 | 2019 | +10.6 % | +8.0 % | View data | |
| 82 |
#82
Estonia
|
656,068,069.86 | 2019 | +8.1 % | +5.1 % | View data | |