Military spending in Armenia

Armenia: Military spending was 1.19 billion constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
1.19 billion constant 2022 US$
Change on year
up 17.3%
World rank
83rd
of 172 countries
All-time high
1.19 billion constant 2022 US$
in 2023
All-time low
95.32 million constant 2022 US$
in 1993
Years of data
33
1991–2023

Military spending in Armenia, 1991–2023

0250.0M500.0M750.0M1.0B1.2B1991200720231991: 172.5M constant 2022 US$1992: 171.6M constant 2022 US$1993: 95.3M constant 2022 US$1994: 106.8M constant 2022 US$1995: 119.8M constant 2022 US$1996: 144.8M constant 2022 US$1997: 164.6M constant 2022 US$1998: 179.0M constant 2022 US$1999: 208.6M constant 2022 US$2000: 373.1M constant 2022 US$2001: 512.5M constant 2022 US$2002: 621.5M constant 2022 US$2003: 627.0M constant 2022 US$2004: 553.4M constant 2022 US$2005: 293.3M constant 2022 US$2006: 280.9M constant 2022 US$2007: 378.9M constant 2022 US$2008: 441.4M constant 2022 US$2009: 446.6M constant 2022 US$2010: 477.6M constant 2022 US$2011: 477.9M constant 2022 US$2012: 483.2M constant 2022 US$2013: 530.8M constant 2022 US$2014: 533.7M constant 2022 US$2015: 525.5M constant 2022 US$2016: 531.9M constant 2022 US$2017: 572.6M constant 2022 US$2018: 643.9M constant 2022 US$2019: 771.9M constant 2022 US$2020: 824.7M constant 2022 US$2021: 888.0M constant 2022 US$2022: 1.0B constant 2022 US$2023: 1.2B constant 2022 US$

Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.

Analysis

In 2023, military spending in Armenia stood at 1.19 billion constant 2022 US$. That is the highest value across all 33 years on record.

That represents a change of up 17.3% on the previous year and up 123.5% over ten years.

Over the whole period, military spending in Armenia peaked at 1.19 billion constant 2022 US$ in 2023 and was at its lowest, 95.32 million constant 2022 US$, in 1993.

That places Armenia 83rd out of 172 countries with data for 2023, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s 151.44 million constant 2022 US$ 95.32 million constant 2022 US$ 208.56 million constant 2022 US$ 9
2000s 452.85 million constant 2022 US$ 280.85 million constant 2022 US$ 626.95 million constant 2022 US$ 10
2010s 554.91 million constant 2022 US$ 477.60 million constant 2022 US$ 771.89 million constant 2022 US$ 10
2020s 977.65 million constant 2022 US$ 824.69 million constant 2022 US$ 1.19 billion constant 2022 US$ 4

Countries ranked near Armenia

  1. 80 Belarus 1.36 billion constant 2022 US$ compare
  2. 81 Serbia 1.25 billion constant 2022 US$ compare
  3. 82 Estonia 1.19 billion constant 2022 US$ compare
  4. 84 Uganda 1.15 billion constant 2022 US$ compare
  5. 85 Ethiopia 1.14 billion constant 2022 US$ compare
  6. 86 Latvia 1.10 billion constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Armenia

All data for Armenia →

Frequently asked questions

What is military spending in Armenia?
Military spending in Armenia was 1.19 billion constant 2022 US$ in 2023, according to Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
What is the highest military spending recorded in Armenia?
The highest recorded value was 1.19 billion constant 2022 US$ in 2023.
What is the lowest military spending recorded in Armenia?
The lowest recorded value was 95.32 million constant 2022 US$ in 1993.
How does Armenia rank for military spending?
Armenia ranks 83rd out of 172 countries with data for 2023.
Is military spending rising or falling in Armenia?
Over the last ten years it is up 123.5%. The long-run trend across the full record is volatile.
Where does this Armenia data come from?
The figures come from Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

Download this data

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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.