Military Expenditure in Nigeria increased to 1907 USD Million in 2018 from 1621 USD Million in 2017. source: SIPRI

Military Expenditure in Nigeria averaged 1693.44 USD Million from 1960 until 2018, reaching an all time high of 6847 USD Million in 1975 and a record low of 176 USD Million in 1960. Nigeria Military Expenditure - values, historical data and charts - was last updated on March of 2021.

Military Expenditure in Nigeria is expected to reach 1940.00 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Military Expenditure is projected to trend around 2000.00 USD Million in 2021, according to our econometric models.

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Nigeria Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
1907.00 1621.00 6847.00 176.00 1960 - 2018 USD Million Yearly
constant 2016 prices

Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 34.98 29.10 75.00 7.30 percent [+]
Government Budget -3.60 -3.40 0.80 -6.00 percent of GDP [+]
Government Revenues 842.09 894.13 1418.87 498.54 NGN Billion [+]
Military Expenditure 1907.00 1621.00 6847.00 176.00 USD Million [+]
Credit Rating 28.00 [+]
Government Spending 2339712.81 1052886.18 2339712.81 609792.40 NGN Million [+]
Government Budget Value -1289.03 -1250.70 38.36 -1664.20 NGN Billion [+]
Government Debt 84574.18 85896.52 85896.52 48361.37 USD Million [+]
Fiscal Expenditure 2131.12 2144.83 2627.38 743.65 NGN Billion [+]