Montenegro Military Spending/Defense Budget 2005-2024

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).
  • Montenegro military spending/defense budget for 2021 was $0.10B, a 18.86% increase from 2020.
  • Montenegro military spending/defense budget for 2020 was $0.08B, a 12.2% increase from 2019.
  • Montenegro military spending/defense budget for 2019 was $0.07B, a 1.86% decline from 2018.
  • Montenegro military spending/defense budget for 2018 was $0.08B, a 14.65% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
China $293.35B
Russia $65.91B
Iran $24.59B
Brazil $19.19B
Turkey $15.48B
Colombia $10.18B
Algeria $9.11B
Mexico $8.68B
Thailand $6.60B
Romania $5.56B
Iraq $4.73B
Malaysia $3.83B
South Africa $3.27B
Azerbaijan $2.70B
Ecuador $2.42B
Peru $2.36B
Jordan $2.18B
Kazakhstan $1.62B
Serbia $1.27B
Bulgaria $1.22B
Belarus $0.76B
Armenia $0.62B
Dominican Republic $0.58B
Botswana $0.52B
Namibia $0.40B
Paraguay $0.37B
Guatemala $0.34B
Gabon $0.31B
Albania $0.24B
North Macedonia $0.21B
Jamaica $0.21B
Bosnia $0.19B
Equatorial Guinea $0.17B
Montenegro $0.10B
Guyana $0.07B
Fiji $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
2021 $0.10B 1.74%
2020 $0.08B 1.67%
2019 $0.07B 1.33%
2018 $0.08B 1.37%
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%