Military Expenditure in Nigeria decreased to 1876 USD Million in 2019 from 2043 USD Million in 2018. source: SIPRI

Military Expenditure in Nigeria averaged 1810.08 USD Million from 1960 until 2019, reaching an all time high of 7314 USD Million in 1975 and a record low of 188 USD Million in 1960. Nigeria Military Expenditure - values, historical data and charts - was last updated on May 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.

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Nigeria Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
1876.00 2043.00 7314.00 188.00 1960 - 2019 USD Million Yearly
constant 2018 prices

Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 34.98 29.10 75.00 7.30 percent [+]
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 [+]
Fiscal Expenditure 2387.46 2541.97 2625.09 743.65 NGN Billion [+]
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 86392.54 84574.18 86392.54 48361.37 USD Million [+]
Military Expenditure 1876.00 2043.00 7314.00 188.00 USD Million [+]
Credit Rating 28.00 [+]