Statizoid

Armenia vs Serbia: Military spending

Armenia
1.19 billion constant 2022 US$
in 2023
Serbia
1.25 billion constant 2022 US$
in 2020
Armenia rank
83rd
Serbia rank
81st

Military spending over time

  • Armenia
  • Serbia
0250.0M500.0M750.0M1.0B1.2B187819502023

How they compare

Serbia currently reports 1.25 billion constant 2022 US$ against 1.19 billion constant 2022 US$ in Armenia, a difference of 65.34 million constant 2022 US$.

That makes Serbia's figure about 1.1 times Armenia's.

Across all 14 years both countries report, Serbia has been ahead every year.

Armenia ranks 83rd and Serbia ranks 81st of 172 countries.

Individual pages

About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.