Military Expenditure in Benin decreased to 72 USD Million in 2019 from 90.20 USD Million in 2018. source: SIPRI
Military Expenditure in Benin averaged 47.70 USD Million from 1970 until 2019, reaching an all time high of 123.40 USD Million in 2017 and a record low of 14.90 USD Million in 1978. Benin Military Expenditure - values, historical data and charts - was last updated on May of 2021.
Military Expenditure in Benin is expected to reach 109.57 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Benin Military Expenditure is projected to trend around 114.33 USD Million in 2022 and 126.15 USD Million in 2023, according to our econometric models.