Military expenditure in Namibia
Namibia: Military expenditure was 362.39 million current USD in 2024. ◆ Volatile
Military expenditure in Namibia, 1990–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Namibia stood at 362.39 million current USD.
Compared with earlier readings it is up 6.8% on the previous year and down 32.6% over ten years.
Over the whole period, military expenditure in Namibia peaked at 537.46 million current USD in 2014 and was at its lowest, 56.96 million current USD, in 1994.
Namibia ranks 116th of 167 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 95.64 million current USD | 56.96 million current USD | 156.92 million current USD | 10 |
| 2000s | 175.92 million current USD | 87.99 million current USD | 299.52 million current USD | 10 |
| 2010s | 444.90 million current USD | 389.96 million current USD | 537.46 million current USD | 10 |
| 2020s | 367.17 million current USD | 339.40 million current USD | 400.20 million current USD | 5 |
Countries ranked near Namibia
More public sector data for Namibia
- Arms imports 54.00 million SIPRI trend indicator values (2024)
- Tax revenue 33.9% (2024)
- Taxes on income, profits and capital gains 36.8% (2024)
- Taxes on goods and services 25.4% (2024)
- Net investment in nonfinancial assets 1.6% (2024)
- Net lending (+) / net borrowing (-) -4.7% (2024)
- Interest payments 14.7% (2024)
- Grants and other revenue 4.1% (2024)
- Interest payments 14.1% (2023)
- Other taxes 0.4% (2024)
Frequently asked questions
- What is military expenditure in Namibia?
- Military expenditure in Namibia was 362.39 million current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Namibia?
- The highest recorded value was 537.46 million current USD in 2014.
- What is the lowest military expenditure recorded in Namibia?
- The lowest recorded value was 56.96 million current USD in 1994.
- How does Namibia rank for military expenditure?
- Namibia ranks 116th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Namibia?
- Over the last ten years it is down 32.6%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)