Namibia NA: Military Expenditure: % of GDP

1992 - 2018 | Yearly | % | World Bank

Namibia NA: Military Expenditure: % of GDP data was reported at 3.261 % in 2018. This records a decrease from the previous number of 3.681 % for 2017. Namibia NA: Military Expenditure: % of GDP data is updated yearly, averaging 2.728 % from Mar 1992 (Median) to 2018, with 27 observations. The data reached an all-time high of 4.805 % in 1992 and a record low of 1.566 % in 1995. Namibia NA: Military Expenditure: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Namibia – Table NA.World Bank: 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.; Weighted Average; Data for some countries are based on partial or uncertain data or rough estimates.

View Namibia's Namibia NA: Military Expenditure: % of GDP from 1992 to 2018 in the chart:

Namibia Namibia NA: Military Expenditure: % of GDP

What was Namibia's Namibia NA: Military Expenditure: % of GDP in 2018?

Last Previous Min Max Unit Frequency Range
3.26 2018 3.68 2017 1.57 1995 4.81 1992 % yearly 1992 - 2018

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Namibia Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 13,064.834 2028 yearly 1990 - 2028
Forecast: Nominal GDP Per Capita (USD) 5,688.430 2027 yearly 1990 - 2027
Forecast: Real GDP Growth (%) 2.484 2027 yearly 1991 - 2027
Government and Public Finance Last Frequency Range
Forecast: Government Expenditure (NAD bn) 106.487 2024 yearly 1990 - 2024
Forecast: Government Net Debt (NAD bn) 170.344 2024 yearly 1993 - 2024
Forecast: Government Revenue (NAD bn) 89.606 2024 yearly 1990 - 2024
Demographic and Labour Market Last Frequency Range
Forecast: Population (Person mn) 2.895 2028 yearly 1990 - 2028
Forecast: Unemployment Rate (%) 0.000 yearly -
Inflation Last Frequency Range
Forecast: Consumer Price Index Growth (%) 4.622 2028 yearly 1991 - 2028
Balance of Payments Last Frequency Range
Forecast: Current Account Balance (USD bn) -1.937 2029 yearly 1990 - 2029

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