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 October 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.