Military expenditure in dollars — all countries

Military expenditure in dollars — Montenegro

Military expenditure in dollars in Montenegro in 2024 — 150,033,209 US$. Ranked 126 in the world out of 151. Since 2005, the indicator has risen by 146.7%.

2024 150M US$ +31.31% vs 2023
World rank 126of 151
Period maximum 150M US$2024
Period minimum 56.89M US$2015

Trend over time

2005–2024 · US$

Military expenditure in dollars — Montenegro, 2005–202450M75M100M125M150M175M200520072009201120132015201720192021202320242005: 60,811,819 US$2006: 62,347,816 US$2007: 64,190,475 US$2008: 85,106,383 US$2009: 76,683,388 US$2010: 75,094,862 US$2011: 79,376,664 US$2012: 67,712,201 US$2013: 64,836,243 US$2014: 67,544,018 US$2015: 56,891,427 US$2016: 61,714,552 US$2017: 65,734,886 US$2018: 75,365,603 US$2019: 73,962,159 US$2020: 82,920,324 US$2021: 91,137,654 US$2022: 98,011,519 US$2023: 114,260,526 US$2024: 150,033,209 US$
Change over the period: +89.22M (+146.72%) Average annual rate: 4.87 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Montenegro

Montenegro 150M US$
World 2.65T US$
Southern Europe computed 81.68B US$
Upper-middle-income countries computed 471B US$
Military expenditure in dollars — Montenegro, by year Montenegro All countries CSV XLSX
Year US$ Change Change, %
2024 150M +35.77M +31.31%
2023 114M +16.25M +16.58%
2022 98.01M +6.87M +7.54%
2021 91.14M +8.22M +9.91%
2020 82.92M +8.96M +12.11%
2019 73.96M −1.4M −1.86%
2018 75.37M +9.63M +14.65%
2017 65.73M +4.02M +6.51%
2016 61.71M +4.82M +8.48%
2015 56.89M −10.65M −15.77%
2014 67.54M +2.71M +4.18%
2013 64.84M −2.88M −4.25%
2012 67.71M −11.66M −14.7%
2011 79.38M +4.28M +5.7%
2010 75.09M −1.59M −2.07%
2009 76.68M −8.42M −9.9%
2008 85.11M +20.92M +32.58%
2007 64.19M +1.84M +2.96%
2006 62.35M +1.54M +2.53%
2005 60.81M

About the indicator

Military expenditure in current US dollars under the SIPRI definition. It allows absolute defense budgets to be compared, but not military capability: the purchasing power of the dollar in defense differs widely between countries, so equal budgets buy different amounts of personnel and equipment.

Source: Military Expenditure Database (SIPRI), license SIPRI terms of use.