Military Expenditure in Namibia decreased to 436 USD Million in 2018 from 458 USD Million in 2017.
Military Expenditure in Namibia averaged 246.57 USD Million from 1991 until 2018, reaching an all time high of 565 USD Million in 2015 and a record low of 75 USD Million in 1994. Namibia Military Expenditure - values, historical data and charts - was last updated on July of 2020. source: SIPRI
Military Expenditure in Namibia is expected to reach 380.00 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Military Expenditure is projected to trend around 420.00 USD Million in 2021, according to our econometric models.