Military Expenditure in Namibia increased to 417 USD Million in 2020 from 414 USD Million in 2019. source: SIPRI

Military Expenditure in Namibia averaged 256.17 USD Million from 1991 until 2020, reaching an all time high of 561 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 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
417.00 414.00 561.00 75.00 1991 - 2020 USD Million Yearly
Constant 2019 prices

Namibia Government Last Previous Highest Lowest Unit
Government Debt to GDP 69.60 54.80 69.60 14.22 percent of GDP [+]
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 417.00 414.00 561.00 75.00 USD Million [+]
Credit Rating 45.00 [+]