Military Expenditure in Namibia decreased to 427 USD Million in 2019 from 456 USD Million in 2018. source: SIPRI

Military Expenditure in Namibia averaged 263.10 USD Million from 1991 until 2019, reaching an all time high of 590 USD Million in 2015 and a record low of 79 USD Million in 1994. Namibia Military Expenditure - values, historical data and charts - was last updated on May of 2021.

Military Expenditure in Namibia is expected to reach 430.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Military Expenditure is projected to trend around 470.00 USD Million in 2022 and 500.00 USD Million in 2023, according to our econometric models.

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Namibia Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
427.00 456.00 590.00 79.00 1991 - 2019 USD Million Yearly
constant 2018 prices

Namibia Government Last Previous Highest Lowest Unit
Government Debt to GDP 69.60 54.80 69.60 14.22 percent [+]
Government Budget -9.50 -5.00 5.10 -9.50 percent of GDP [+]
Government Spending 39311.00 39922.00 40186.00 6120.00 NAD Million [+]
Government Debt 111507.00 99806.00 111507.00 11655.30 NAD Million [+]
Military Expenditure 427.00 456.00 590.00 79.00 USD Million [+]
Credit Rating 45.00 [+]