Military spending per armed forces personnel in Armenia

Armenia: Military spending per armed forces personnel was 19,870 constant 2024 US$ in 2020. ◆ Volatile

Latest (2020)
19,870 constant 2024 US$
Change on year
up 1.3%
World rank
95th
of 160 countries
All-time high
19,870 constant 2024 US$
in 2020
All-time low
2,802 constant 2024 US$
in 1996
Years of data
28
1992–2020

Military spending per armed forces personnel in Armenia, 1992–2020

5.0k10.0k15.0k20.0k1992200620201992: 10.4k constant 2024 US$1993: 3.7k constant 2024 US$1995: 3.1k constant 2024 US$1996: 2.8k constant 2024 US$1997: 3.4k constant 2024 US$1998: 3.8k constant 2024 US$1999: 4.1k constant 2024 US$2000: 5.3k constant 2024 US$2001: 5.1k constant 2024 US$2002: 4.7k constant 2024 US$2003: 5.4k constant 2024 US$2004: 5.6k constant 2024 US$2005: 6.8k constant 2024 US$2006: 8.4k constant 2024 US$2007: 11.0k constant 2024 US$2008: 12.8k constant 2024 US$2009: 10.1k constant 2024 US$2010: 10.5k constant 2024 US$2011: 9.7k constant 2024 US$2012: 11.2k constant 2024 US$2013: 12.6k constant 2024 US$2014: 12.8k constant 2024 US$2015: 13.8k constant 2024 US$2016: 13.6k constant 2024 US$2017: 14.0k constant 2024 US$2018: 15.8k constant 2024 US$2019: 19.6k constant 2024 US$2020: 19.9k constant 2024 US$

Source: Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.

Analysis

Armenia recorded 19,870 constant 2024 US$ for military spending per armed forces personnel in 2020. That is the highest value across all 28 years on record.

That represents a change of up 1.3% on the previous year and up 88.6% over ten years.

Over the whole period, military spending per armed forces personnel in Armenia peaked at 19,870 constant 2024 US$ in 2020 and was at its lowest, 2,802 constant 2024 US$, in 1996.

Armenia ranks 95th of 160 countries on this measure, 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 4,460 constant 2024 US$ 2,802 constant 2024 US$ 10,409 constant 2024 US$ 7
2000s 7,519 constant 2024 US$ 4,716 constant 2024 US$ 12,792 constant 2024 US$ 10
2010s 13,356 constant 2024 US$ 9,652 constant 2024 US$ 19,619 constant 2024 US$ 10
2020s 19,870 constant 2024 US$ 19,870 constant 2024 US$ 19,870 constant 2024 US$ 1

Countries ranked near Armenia

  1. 92 Morocco 21,729 constant 2024 US$ compare
  2. 93 Bangladesh 20,749 constant 2024 US$ compare
  3. 94 Senegal 20,668 constant 2024 US$ compare
  4. 96 Fiji 19,598 constant 2024 US$ compare
  5. 97 Jordan 19,409 constant 2024 US$ compare
  6. 98 Peru 19,177 constant 2024 US$ compare

See the full ranking of 160 places →

More reference data data for Armenia

All data for Armenia →

Frequently asked questions

What is military spending per armed forces personnel in Armenia?
Military spending per armed forces personnel in Armenia was 19,870 constant 2024 US$ in 2020, according to Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data.
What is the highest military spending per armed forces personnel recorded in Armenia?
The highest recorded value was 19,870 constant 2024 US$ in 2020.
What is the lowest military spending per armed forces personnel recorded in Armenia?
The lowest recorded value was 2,802 constant 2024 US$ in 1996.
How does Armenia rank for military spending per armed forces personnel?
Armenia ranks 95th out of 160 countries with data for 2020.
Is military spending per armed forces personnel rising or falling in Armenia?
Over the last ten years it is up 88.6%. The long-run trend across the full record is volatile.
Where does this Armenia data come from?
The figures come from Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data, published as part of Military spending per armed forces personnel. Statizoid updates them automatically from the source API.

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About this data

Indicator
Military spending per armed forces personnel
Unit
constant 2024 US$
Source
Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
160 places, 4,610 data points, 1985–2020
Last refreshed

Total military expenditure divided by armed forces personnel. 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.