Military Expenditure in Papua New Guinea increased to 88.70 USD Million in 2021 from 85.90 USD Million in 2020. source: SIPRI
Military Expenditure in Papua New Guinea averaged 54.29 USD Million from 1975 until 2021, reaching an all time high of 112.40 USD Million in 2014 and a record low of 7.90 USD Million in 1975. Papua New Guinea Military Expenditure - values, historical data and charts - was last updated on October of 2022.
Military Expenditure in Papua New Guinea is expected to reach 71.94 USD Million by the end of 2022, 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 2023 and 65.89 USD Million in 2024, according to our econometric models.