Montenegro Military Spending/Defense Budget 2005-2023

Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country).
  • Montenegro military spending/defense budget for 2020 was $0.10B, a 31.46% increase from 2019.
  • Montenegro military spending/defense budget for 2019 was $0.08B, a 1.58% decline from 2018.
  • Montenegro military spending/defense budget for 2018 was $0.08B, a 20.04% increase from 2017.
  • Montenegro military spending/defense budget for 2017 was $0.07B, a 6.51% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
China $252.30B
Russia $61.71B
Brazil $19.74B
Turkey $17.72B
Iran $15.83B
Algeria $9.71B
Colombia $9.22B
Thailand $7.34B
Iraq $7.02B
Mexico $6.12B
Romania $5.73B
Malaysia $3.81B
South Africa $3.15B
Peru $2.63B
Ecuador $2.24B
Azerbaijan $2.24B
Jordan $2.08B
Lebanon $1.92B
Kazakhstan $1.73B
Bulgaria $1.25B
Serbia $1.12B
Belarus $0.84B
Armenia $0.63B
Dominican Republic $0.60B
Botswana $0.55B
Namibia $0.37B
Paraguay $0.36B
Guatemala $0.34B
Gabon $0.27B
Jamaica $0.24B
Albania $0.22B
Bosnia $0.17B
North Macedonia $0.16B
Montenegro $0.10B
Fiji $0.07B
Guyana $0.07B
Belize $0.02B
Mauritius $0.02B
Costa Rica $0.00B
Montenegro Military Spending/Defense Budget - Historical Data
Year Billions of US $ % of GDP
2020 $0.10B 2.05%
2019 $0.08B 1.40%
2018 $0.08B 1.43%
2017 $0.07B 1.36%
2016 $0.06B 1.41%
2015 $0.06B 1.40%
2014 $0.07B 1.47%
2013 $0.06B 1.45%
2012 $0.07B 1.66%
2011 $0.08B 1.75%
2010 $0.08B 1.81%
2009 $0.08B 1.84%
2008 $0.09B 1.87%
2007 $0.06B 1.74%
2006 $0.06B 2.29%
2005 $0.06B 2.69%