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.