Somalia SO: Military Expenditure

1961 - 2017 | Yearly | SOS mn | World Bank

Somalia SO: Military Expenditure data was reported at 62.154 SOS mn in 2017. This records an increase from the previous number of 47.706 SOS mn for 2016. Somalia SO: Military Expenditure data is updated yearly, averaging 26.175 SOS mn from Dec 1961 (Median) to 2017, with 34 observations. The data reached an all-time high of 134.000 SOS mn in 1981 and a record low of 3.160 SOS mn in 1961. Somalia SO: Military Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Somalia – Table SO.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.); ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; ; Data for some countries are based on partial or uncertain data or rough estimates. For additional details please refer to the military expenditure database on the SIPRI website: https://sipri.org/databases/milex

View Somalia's Somalia SO: Military Expenditure from 1961 to 2017 in the chart:

Somalia Somalia SO: Military Expenditure

What was Somalia's Somalia SO: Military Expenditure in 2017?

Last Previous Min Max Unit Frequency Range
62.15 2017 47.71 2016 3.16 1961 134.00 1981 SOS mn yearly 1961 - 2017

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Somalia Key Series

National Accounts Last Frequency Range
Forecast: Real GDP Growth (%) 4.300 2028 yearly 2012 - 2028
Government and Public Finance Last Frequency Range
Forecast: Government Revenue (USD bn) 0.664 2028 yearly 2013 - 2028
Forecast: Government Expenditure (%) 5.901 2028 yearly 2013 - 2028
Demographic and Labour Market Last Frequency Range
Forecast: Population (Person mn) 18.428 2028 yearly 2012 - 2028
Inflation Last Frequency Range
Forecast: Consumer Price Index Growth (%) 3.200 2028 yearly 2013 - 2028
Balance of Payments Last Frequency Range
Forecast: Current Account Balance (USD bn) -1.900 2028 yearly 2013 - 2028

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