Military Expenditure in Nigeria increased to 2403 USD Million in 2020 from 1860 USD Million in 2019. source: SIPRI

Military Expenditure in Nigeria averaged 1819.34 USD Million from 1960 until 2020, reaching an all time high of 7325 USD Million in 1975 and a record low of 189 USD Million in 1960. Nigeria Military Expenditure - values, historical data and charts - was last updated on July of 2021.

Military Expenditure in Nigeria is expected to reach 2000.00 USD Million by the end of 2021, 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 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Nigeria Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
2403.00 1860.00 7325.00 189.00 1960 - 2020 USD Million Yearly
Constant 2019 prices

Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 34.98 29.10 75.00 7.30 percent of GDP [+]
Government Budget -3.80 -4.20 0.80 -6.00 percent of GDP [+]
Government Revenues 903.52 997.49 1480.87 498.54 NGN Billion [+]
Military Expenditure 2403.00 1860.00 7325.00 189.00 USD Million [+]
Credit Rating 28.00 [+]
Government Spending 1409720.94 1889404.68 2339712.81 609792.40 NGN Million [+]
Government Budget Value -1483.93 -1544.48 38.36 -1664.20 NGN Billion [+]
Government Debt 87239.12 86392.54 87239.12 48361.37 USD Million [+]
Fiscal Expenditure 2387.46 2541.97 2625.09 743.65 NGN Billion [+]