Military Expenditure in Papua New Guinea decreased to 59.90 USD Million in 2018 from 71.90 USD Million in 2017.
Military Expenditure in Papua New Guinea averaged 86.91 USD Million from 1975 until 2018, reaching an all time high of 148 USD Million in 1994 and a record low of 31.80 USD Million in 1975. Papua New Guinea Military Expenditure - values, historical data and charts - was last updated on October of 2020. source: SIPRI
Military Expenditure in Papua New Guinea is expected to reach 70.80 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Papua New Guinea Military Expenditure is projected to trend around 66.48 USD Million in 2021 and 65.89 USD Million in 2022, according to our econometric models.