Namibia—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #110 of 156Updated April 2026
Latest Value
$362.4M
2024
YoY Change
+6.8%
2023 → 2024
Global Rank
#110
of 156 countries
Maximum
$537.5M
2014
Minimum
$88.0M
2002
CAGR
+5.9%
25 years
Last
$362.4M
Previous
$339.4M
Highest
$537.5M
Lowest
$88.0M
Source
World Bank World Development Indicators
Namibia's military expenditure (usd) was $362.4M in 2024, ranking #110 out of 156 countries. This represents a +6.8% change from 2023. Over the past 25 years, the highest recorded value was $537.5M (2014) and the lowest was $88.0M (2002). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $362.4M | +6.8% |
| 2023 | $339.4M | -7.2% |
| 2022 | $365.6M | -8.6% |
| 2021 | $400.2M | +8.7% |
| 2020 | $368.2M | -11.1% |
| 2019 | $414.1M | -9.1% |
| 2018 | $455.6M | -0.1% |
| 2017 | $456.1M | +7.2% |
| 2016 | $425.4M | -17.9% |
| 2015 | $518.2M | -3.6% |
| 2014 | $537.5M | +37.8% |
| 2013 | $390.0M | -5.4% |
| 2012 | $412.2M | -7.1% |
| 2011 | $443.6M | +11.9% |
| 2010 | $396.5M | +32.4% |
| 2009 | $299.5M | +12.5% |
| 2008 | $266.3M | +16.7% |
| 2007 | $228.2M | +14.3% |
| 2006 | $199.6M | +3.9% |
| 2005 | $192.1M | +15.0% |
| 2004 | $167.0M | +29.0% |
| 2003 | $129.4M | +47.1% |
| 2002 | $88.0M | -9.1% |
| 2001 | $96.8M | +4.7% |
| 2000 | $92.4M |
Top Countries — Military Expenditure (USD)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | United States | $997.31B | 2024 |
| 2 | China | $313.66B | 2024 |
| 3 | Russian Federation | $148.97B | 2024 |
| 4 | Germany | $88.46B | 2024 |
| 5 | India | $86.13B | 2024 |
| 6 | United Kingdom | $81.76B | 2024 |
| 7 | Saudi Arabia | $80.33B | 2024 |
| 8 | Ukraine | $64.70B | 2024 |
| 9 | France | $64.68B | 2024 |
| 10 | Japan | $55.27B | 2024 |