Benin BJ: Military Expenditure

1960 - 2022 | Yearly | XOF mn | World Bank

Benin BJ: Military Expenditure data was reported at 60,610.000 XOF mn in 2022. This records an increase from the previous number of 54,040.000 XOF mn for 2021. Benin BJ: Military Expenditure data is updated yearly, averaging 8,935.000 XOF mn from Dec 1960 to 2022, with 51 observations. The data reached an all-time high of 67,898.000 XOF mn in 2017 and a record low of 319.000 XOF mn in 1960. Benin BJ: Military Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Benin – Table BJ.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.);Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.;;Data for some countries are based on partial or uncertain data or rough estimates. For additional details please refer to the military expenditure database on the SIPRI website: https://sipri.org/databases/milex

View Benin's Benin BJ: Military Expenditure from 1960 to 2022 in the chart:

Benin Benin BJ: Military Expenditure

What was Benin's Benin BJ: Military Expenditure in 2022?

Last Previous Min Max Unit Frequency Range
60,610.000 2022 54,040.000 2021 319.000 1960 67,898.000 2017 XOF mn yearly 1960 - 2022

Related Indicators for Benin BJ: Military Expenditure

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Benin Key Series

Buy Selected Data

Includes 29 related indicators. Instant access to full history data in excel.
National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 5,464.500 2027 yearly 1980 - 2027
Forecast: Nominal GDP Per Capita (USD) 1,739.020 2027 yearly 1980 - 2027
Forecast: Real GDP Growth (%) 5.934 2028 yearly 1980 - 2028
Government and Public Finance Last Frequency Range
Forecast: Government Expenditure (XOF bn) 3,524.550 2028 yearly 1989 - 2028
Forecast: Government Net Debt (XOF bn) 8,742.740 2028 yearly 1998 - 2028
Forecast: Government Revenue (XOF bn) 3,007.210 2028 yearly 1989 - 2028
Demographic and Labour Market Last Frequency Range
Forecast: Population (Person mn) 16.018 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 0.000 yearly -
Inflation Last Frequency Range
Forecast: Consumer Price Index Growth (%) 2.000 2028 yearly 1980 - 2028
Balance of Payments Last Frequency Range
Forecast: Current Account Balance (USD bn) -1.245 2028 yearly 1980 - 2028

More Indicators for Benin

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data