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.

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Namibia Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
436.00 458.00 565.00 75.00 1991 - 2018 USD Million Yearly
constant 2016 prices

Namibia Government Last Previous Highest Lowest Unit
Government Debt to GDP 45.10 40.30 45.10 14.22 percent [+]
Government Budget -4.40 -4.80 5.10 -8.10 percent of GDP [+]
Government Spending 39480.00 39324.00 40186.00 6120.00 NAD Million [+]
Government Debt 86647.30 72762.60 86647.30 11655.30 NAD Million [+]
Military Expenditure 436.00 458.00 565.00 75.00 USD Million [+]
Credit Rating 45.00 [+]