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.

Military spending in Armenia, year by year

Annual values for Military spending in Armenia, 1991 to 2023.
Year constant 2022 US$ Change
1991 172.49 million constant 2022 US$
1992 171.65 million constant 2022 US$ -0.5%
1993 95.32 million constant 2022 US$ -44.5%
1994 106.78 million constant 2022 US$ +12.0%
1995 119.76 million constant 2022 US$ +12.2%
1996 144.79 million constant 2022 US$ +20.9%
1997 164.64 million constant 2022 US$ +13.7%
1998 178.97 million constant 2022 US$ +8.7%
1999 208.56 million constant 2022 US$ +16.5%
2000 373.11 million constant 2022 US$ +78.9%
2001 512.47 million constant 2022 US$ +37.4%
2002 621.53 million constant 2022 US$ +21.3%
2003 626.95 million constant 2022 US$ +0.9%
2004 553.42 million constant 2022 US$ -11.7%
2005 293.26 million constant 2022 US$ -47.0%
2006 280.85 million constant 2022 US$ -4.2%
2007 378.93 million constant 2022 US$ +34.9%
2008 441.39 million constant 2022 US$ +16.5%
2009 446.57 million constant 2022 US$ +1.2%
2010 477.60 million constant 2022 US$ +6.9%
2011 477.91 million constant 2022 US$ +0.1%
2012 483.24 million constant 2022 US$ +1.1%
2013 530.84 million constant 2022 US$ +9.8%
2014 533.70 million constant 2022 US$ +0.5%
2015 525.54 million constant 2022 US$ -1.5%
2016 531.86 million constant 2022 US$ +1.2%
2017 572.60 million constant 2022 US$ +7.7%
2018 643.88 million constant 2022 US$ +12.4%
2019 771.89 million constant 2022 US$ +19.9%
2020 824.69 million constant 2022 US$ +6.8%
2021 888.01 million constant 2022 US$ +7.7%
2022 1.01 billion constant 2022 US$ +13.9%
2023 1.19 billion constant 2022 US$ +17.3%

Armenia compared with similar countries

  • Armenia's 1.19 billion constant 2022 US$ is below the median for upper middle income countries, which is 1.25 billion constant 2022 US$, 95% of the median. (49 countries reporting)
  • Armenia's 1.19 billion constant 2022 US$ is below the median for Europe & Central Asia, which is 2.44 billion constant 2022 US$, 49% of the median. (48 countries reporting)

Biggest year-on-year movements

Years where Military spending in Armenia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2000 +78.9% 208.56 million constant 2022 US$ 373.11 million constant 2022 US$

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.

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Military spending in Armenia. Statizoid, drawing on Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Retrieved 23 September 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/armenia/

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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.