Eritrea Military Expenditure
Military expenditure as a percentage of GDP.
Military Expenditure in Eritrea increased to 20.87 percent of GDP in 2003 from 20.67 percent of GDP in 2002.
Eritrea Military Expenditure — History
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Eritrea Military Expenditure — analysis in simple words
Latest reading
Military Expenditure in Eritrea increased to 20.87 percent of GDP in 2003 from 20.67 percent of GDP in 2002.
Over the last three years it rose once and fell twice.
Recent trend
A year earlier (2002) it was 20.67%, so the latest figure is 0.19 percentage points higher.
Over the past five years the average was 26.14%, with a range from 20.67% to 34.38%. The latest value is below that five-year average.
Historical context
This data series starts in 1993 and has 11 annual observations. The latest reading is higher than 45% of all of them.
The highest value on record is 34.38% (1999) and the lowest is 11.86% (1997). The long-run average is 22.64%.
Statistics
- Latest
- 20.87%2003
- Previous
- 20.67%
- 5-year average
- 26.14%
- Long-run average
- 22.64%since 1993
- All-time high
- 34.38%1999
- All-time low
- 11.86%1997
- Observations
- 11Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2003 | 20.87% | ▲ +0.19 pp |
| 2002 | 20.67% | ▼ −1.46 pp |
| 2001 | 22.14% | ▼ −10.52 pp |
| 2000 | 32.66% | ▼ −1.72 pp |
| 1999 | 34.38% | ▲ +1.88 pp |
| 1998 | 32.50% | ▲ +20.64 pp |
| 1997 | 11.86% | ▼ −8.48 pp |
| 1996 | 20.34% | ▲ +0.81 pp |
| 1995 | 19.54% | ▲ +6.82 pp |
| 1994 | 12.72% | ▼ −8.61 pp |
| 1993 | 21.33% |
Military Expenditure — Eritrea vs Peers
Latest available reading for each economy (periods may differ). Eritrea highlighted.
More Eritrea indicators
Understanding Military Expenditure — a simple guide
What it measures
Military expenditure as a percentage of GDP (World Bank, based on SIPRI data).
How it is calculated
Defence spending ÷ GDP × 100 (SIPRI estimates via World Bank).
2.4% means defence spending equals 2.4% of GDP.
A larger share of resources goes to defence.
A smaller defence budget relative to the economy.
Why it matters for the economy and markets
Defence spending is part of government expenditure and can matter for defence-sector companies.
How to read it
NATO members have a 2% of GDP guideline; figures are estimates for some countries.
Data source
World Bank — World Development Indicators (series MS.MIL.XPND.GD.ZS), annual data from 1993 to 2003. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current military expenditure of Eritrea?
What is the highest and lowest military expenditure of Eritrea?
What does military expenditure measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.