Military spending in Namibia

Namibia: Military spending was 463.26 million constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
463.26 million constant 2022 US$
Change on year
up 2.0%
World rank
116th
of 172 countries
All-time high
583.65 million constant 2022 US$
in 2015
All-time low
102.38 million constant 2022 US$
in 1994
Years of data
34
1990–2023

Military spending in Namibia, 1990–2023

100.0M200.0M300.0M400.0M500.0M600.0M1990200620231990: 115.9M constant 2022 US$1991: 122.1M constant 2022 US$1992: 130.8M constant 2022 US$1993: 112.0M constant 2022 US$1994: 102.4M constant 2022 US$1995: 113.8M constant 2022 US$1996: 116.2M constant 2022 US$1997: 132.4M constant 2022 US$1998: 145.5M constant 2022 US$1999: 159.3M constant 2022 US$2000: 153.0M constant 2022 US$2001: 147.0M constant 2022 US$2002: 140.8M constant 2022 US$2003: 179.0M constant 2022 US$2004: 228.5M constant 2022 US$2005: 226.6M constant 2022 US$2006: 260.7M constant 2022 US$2007: 302.7M constant 2022 US$2008: 348.1M constant 2022 US$2009: 383.7M constant 2022 US$2010: 431.3M constant 2022 US$2011: 468.7M constant 2022 US$2012: 470.5M constant 2022 US$2013: 511.3M constant 2022 US$2014: 567.5M constant 2022 US$2015: 583.6M constant 2022 US$2016: 508.7M constant 2022 US$2017: 541.2M constant 2022 US$2018: 539.4M constant 2022 US$2019: 527.6M constant 2022 US$2020: 490.6M constant 2022 US$2021: 474.0M constant 2022 US$2022: 454.1M constant 2022 US$2023: 463.3M constant 2022 US$

Source: Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.

Analysis

The most recent figure for military spending in Namibia is 463.26 million constant 2022 US$, measured in 2023.

Compared with earlier readings it is up 2.0% on the previous year and down 9.4% over ten years.

Over the whole period, military spending in Namibia peaked at 583.65 million constant 2022 US$ in 2015 and was at its lowest, 102.38 million constant 2022 US$, in 1994.

Namibia ranks 116th of 172 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.

Military spending in Namibia, year by year

Annual values for Military spending in Namibia, 1990 to 2023.
Year constant 2022 US$ Change
1990 115.90 million constant 2022 US$
1991 122.14 million constant 2022 US$ +5.4%
1992 130.80 million constant 2022 US$ +7.1%
1993 112.02 million constant 2022 US$ -14.4%
1994 102.38 million constant 2022 US$ -8.6%
1995 113.75 million constant 2022 US$ +11.1%
1996 116.25 million constant 2022 US$ +2.2%
1997 132.42 million constant 2022 US$ +13.9%
1998 145.46 million constant 2022 US$ +9.8%
1999 159.33 million constant 2022 US$ +9.5%
2000 153.01 million constant 2022 US$ -4.0%
2001 146.99 million constant 2022 US$ -3.9%
2002 140.75 million constant 2022 US$ -4.2%
2003 179.00 million constant 2022 US$ +27.2%
2004 228.55 million constant 2022 US$ +27.7%
2005 226.63 million constant 2022 US$ -0.8%
2006 260.67 million constant 2022 US$ +15.0%
2007 302.70 million constant 2022 US$ +16.1%
2008 348.07 million constant 2022 US$ +15.0%
2009 383.68 million constant 2022 US$ +10.2%
2010 431.31 million constant 2022 US$ +12.4%
2011 468.73 million constant 2022 US$ +8.7%
2012 470.49 million constant 2022 US$ +0.4%
2013 511.29 million constant 2022 US$ +8.7%
2014 567.54 million constant 2022 US$ +11.0%
2015 583.65 million constant 2022 US$ +2.8%
2016 508.70 million constant 2022 US$ -12.8%
2017 541.24 million constant 2022 US$ +6.4%
2018 539.39 million constant 2022 US$ -0.3%
2019 527.57 million constant 2022 US$ -2.2%
2020 490.57 million constant 2022 US$ -7.0%
2021 474.00 million constant 2022 US$ -3.4%
2022 454.12 million constant 2022 US$ -4.2%
2023 463.26 million constant 2022 US$ +2.0%

Namibia compared with similar countries

  • Namibia's 463.26 million constant 2022 US$ is below the median for lower middle income countries, which is 485.52 million constant 2022 US$, 95% of the median. (42 countries reporting)
  • Namibia's 463.26 million constant 2022 US$ is above the median for Sub-Saharan Africa, which is 350.64 million constant 2022 US$, 1.3× the median. (46 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 125.04 million constant 2022 US$ 102.38 million constant 2022 US$ 159.33 million constant 2022 US$ 10
2000s 237.01 million constant 2022 US$ 140.75 million constant 2022 US$ 383.68 million constant 2022 US$ 10
2010s 514.99 million constant 2022 US$ 431.31 million constant 2022 US$ 583.65 million constant 2022 US$ 10
2020s 470.49 million constant 2022 US$ 454.12 million constant 2022 US$ 490.57 million constant 2022 US$ 4

Countries ranked near Namibia

  1. 113 Georgia 498.02 million constant 2022 US$ compare
  2. 114 Guatemala 494.92 million constant 2022 US$ compare
  3. 115 Paraguay 476.41 million constant 2022 US$ compare
  4. 117 Kyrgyzstan 439.89 million constant 2022 US$ compare
  5. 118 Zambia 421.22 million constant 2022 US$ compare
  6. 119 Chad 410.87 million constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Namibia

All data for Namibia →

Frequently asked questions

What is military spending in Namibia?
Military spending in Namibia was 463.26 million constant 2022 US$ in 2023, according to Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
What is the highest military spending recorded in Namibia?
The highest recorded value was 583.65 million constant 2022 US$ in 2015.
What is the lowest military spending recorded in Namibia?
The lowest recorded value was 102.38 million constant 2022 US$ in 1994.
How does Namibia rank for military spending?
Namibia ranks 116th out of 172 countries with data for 2023.
Is military spending rising or falling in Namibia?
Over the last ten years it is down 9.4%. The long-run trend across the full record is volatile.
Where does this Namibia data come from?
The figures come from Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

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Military spending in Namibia. Statizoid, drawing on Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Retrieved 22 September 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/namibia/

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About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.