Armenia-Azerbaijan : Who’s the big defense spender ? | Eurasianet
Decades into an intractable conflict over Nagorno-Karabakh, plentiful oil has allowed Azerbaijan to spend lavishly on upgrading its military. Armenia’s struggle to compete, by contrast, is bleeding its budget.
Between 2009 and 2018 Azerbaijan’s military spending totaled almost $24 billion, according to updated data from the Stockholm International and Peace Research Institute. Armenia spent slightly more than $4 billion in the same period.