Portugal Military Spending/Defense Budget 1960-2024

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).
  • Portugal military spending/defense budget for 2022 was $3.50B, a 10.17% decline from 2021.
  • Portugal military spending/defense budget for 2021 was $3.90B, a 19.24% increase from 2020.
  • Portugal military spending/defense budget for 2020 was $3.27B, a 0.95% decline from 2019.
  • Portugal military spending/defense budget for 2019 was $3.30B, a 1.65% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
United States $876.94B
Saudi Arabia $75.01B
United Kingdom $68.46B
Germany $55.76B
France $53.64B
South Korea $46.37B
Japan $45.99B
Italy $33.49B
Australia $32.30B
Canada $26.90B
Israel $23.41B
Spain $20.31B
Poland $16.57B
Netherlands $15.61B
Qatar $15.41B
Singapore $11.69B
Norway $8.39B
Kuwait $8.24B
Greece $8.10B
Sweden $7.72B
Belgium $6.87B
Switzerland $6.15B
Oman $5.78B
Chile $5.57B
Denmark $5.47B
Finland $4.82B
Czech Republic $4.01B
Austria $3.63B
Portugal $3.50B
New Zealand $2.83B
Argentina $2.58B
Hungary $2.57B
Slovak Republic $1.99B
Lithuania $1.73B
Bahrain $1.38B
Uruguay $1.38B
Croatia $1.31B
Ireland $1.16B
Latvia $0.85B
Estonia $0.81B
Slovenia $0.74B
Luxembourg $0.56B
Cyprus $0.49B
Brunei $0.44B
Trinidad and Tobago $0.20B
Malta $0.09B
Seychelles $0.03B
Iceland $0.00B
Panama $0.00B
Portugal Military Spending/Defense Budget - Historical Data
Year Billions of US $ % of GDP
2022 $3.50B 1.35%
2021 $3.90B 1.54%
2020 $3.27B 1.43%
2019 $3.30B 1.37%
2018 $3.25B 1.34%
2017 $2.72B 1.24%
2016 $3.18B 1.54%
2015 $2.64B 1.33%
2014 $3.00B 1.31%
2013 $3.26B 1.44%
2012 $3.04B 1.41%
2011 $3.65B 1.49%
2010 $3.54B 1.49%
2009 $3.74B 1.53%
2008 $3.71B 1.42%
2007 $3.31B 1.38%
2006 $3.15B 1.51%
2005 $3.14B 1.59%
2004 $2.85B 1.50%
2003 $2.36B 1.43%
2002 $1.97B 1.46%
2001 $1.76B 1.44%
2000 $1.66B 1.41%
1999 $1.82B 1.43%
1998 $1.76B 1.42%
1997 $1.80B 1.54%
1996 $1.96B 1.60%
1995 $2.02B 1.71%
1994 $1.64B 1.68%
1993 $1.66B 1.79%
1992 $1.91B 1.81%
1991 $1.60B 1.83%
1990 $1.42B 1.84%
1989 $1.10B 1.89%
1988 $1.02B 1.89%
1987 $0.85B 1.86%
1986 $0.71B 1.92%
1985 $0.49B 1.84%
1984 $0.47B 1.86%
1983 $0.52B 1.91%
1982 $0.61B 2.04%
1981 $0.64B 2.00%
1980 $0.66B 2.03%
1979 $0.53B 2.03%
1978 $0.47B 2.09%
1977 $0.44B 2.07%
1976 $0.47B 2.36%
1975 $0.59B 3.10%
1974 $0.75B 4.34%
1973 $0.52B 3.48%
1972 $0.45B 4.06%
1971 $0.39B 4.33%
1970 $0.33B 4.14%
1969 $0.28B 4.14%
1968 $0.28B 4.50%
1967 $0.25B 4.46%
1966 $0.19B 3.85%
1965 $0.18B 3.81%
1964 $0.17B 4.11%
1963 $0.15B 3.96%
1962 $0.15B 4.23%
1961 $0.13B 3.89%
1960 $0.08B 2.56%