Military expenditure at constant USD prices from 2014 rose 7.69% to USD 493 mil in Armenia in 2015, according to the SIPRI Military Expenditure Database.
Historically, military expenditure at constant USD prices from 2014 in Armenia reached an all time high of USD 493 mil in 2015 and an all time low of USD 56.0 mil in 1993. When compared to Armenia's main peers, military expenditure at constant USD prices from 2014 in Azerbaijan amounted to USD 3,702 mil, USD 405 mil in Georgia, USD 9,969 mil in Iran and USD 17,669 mil in Turkey in 2015.
Armenia has been ranked 83rd within the group of 142 countries we follow in terms of military expenditure at constant USD prices from 2014, 13 places above the position seen 10 years ago.
| Military Expenditure (Constant 2014 USD) | Unit | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Armenia | USD mil | 409 | 427 | 391 | 401 | 451 | ||||||||||||||||
| Azerbaijan | USD mil | 1,804 | 1,709 | 3,252 | 3,376 | 3,414 | ||||||||||||||||
| Bulgaria | USD mil | 1,005 | 956 | 810 | 829 | 886 | ||||||||||||||||
| Georgia | USD mil | ... | 675 | 505 | 455 | 472 | 396 | |||||||||||||||
| Greece | USD mil | 10,913 | 8,387 | 6,752 | 5,972 | 5,577 | ||||||||||||||||
| Iran | USD mil | 13,220 | 13,446 | 12,150 | 12,639 | 9,984 | ||||||||||||||||
| Iraq | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 3,581 | 4,200 | 6,545 | 6,305 | 8,070 | |||||||
| Pakistan | USD mil | 6,879 | 7,134 | 7,520 | 7,975 | 8,238 | ||||||||||||||||
| Russia | USD mil | 59,730 | 60,940 | 65,040 | 75,364 | 79,030 | ||||||||||||||||
| Turkey | USD mil | 17,057 | 16,712 | 16,875 | 17,244 | 17,626 | ||||||||||||||||
| Turkmenistan | USD mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
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