Military Expenditure in Papua New Guinea increased to 87 USD Million in 2020 from 80.80 USD Million in 2019. source: SIPRI

Military Expenditure in Papua New Guinea averaged 90.87 USD Million from 1975 until 2020, reaching an all time high of 154 USD Million in 1994 and a record low of 33.10 USD Million in 1975. Papua New Guinea Military Expenditure - values, historical data and charts - was last updated on June of 2021.

Military Expenditure in Papua New Guinea is expected to reach 71.94 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Papua New Guinea Military Expenditure is projected to trend around 66.48 USD Million in 2022 and 65.89 USD Million in 2023, according to our econometric models.

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Papua New Guinea Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
87.00 80.80 154.00 33.10 1975 - 2020 USD Million Yearly
Constant 2019 prices

Papua New Guinea Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.90 40.00 48.90 16.30 percent of GDP [+]
Government Budget -8.10 -5.00 3.10 -8.10 percent of GDP [+]
Military Expenditure 87.00 80.80 154.00 33.10 USD Million [+]
Credit Rating 27.00 [+]