Military Expenditure (Local Currency) rose 209% to TRY 369,113,451,834 bil in Turkey in 2023

Military expenditure in local currency rose 209% to TRY 369,113,451,834 bil in Turkey in 2023, according to the SIPRI Military Expenditure Database.

Historically, military expenditure in local currency in Turkey reached an all time high of TRY 369,113,451,834 bil in 2023 and an all time low of TRY < 0.001 bil in 1949. When compared to Turkey's main peers, military expenditure in local currency in Bulgaria amounted to BGN 3,473,000,000 bil, EUR 7,154,700,000 bil in Greece, IRR 6,957,075,000,000 bil in Iraq and IQD 2,930,679,054,500,000.00 bil in Iran in 2023.

Turkey has been ranked 39th within the group of 148 countries we follow in terms of military expenditure in local currency, 27 places above the position seen 10 years ago.