Military expenditure in Equatorial Guinea
Equatorial Guinea: Military expenditure was 68.61 billion current LCU in 2024. ▲ Rising
Military expenditure in Equatorial Guinea, 1994–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
In 2024, military expenditure in Equatorial Guinea stood at 68.61 billion current LCU.
That represents a change of down 30.3% on the previous year and down 16.7% over ten years.
Over the whole period, military expenditure in Equatorial Guinea peaked at 175.62 billion current LCU in 2009 and was at its lowest, 1.32 billion current LCU, in 1994.
That places Equatorial Guinea 76th out of 168 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Military expenditure in Equatorial Guinea, year by year
| Year | current LCU | Change |
|---|---|---|
| 1994 | 1.32 billion current LCU | — |
| 1995 | 1.72 billion current LCU | +30.3% |
| 2007 | 94.09 billion current LCU | +5367.0% |
| 2008 | 131.10 billion current LCU | +39.3% |
| 2009 | 175.62 billion current LCU | +34.0% |
| 2014 | 82.34 billion current LCU | -53.1% |
| 2015 | 81.18 billion current LCU | -1.4% |
| 2016 | 82.57 billion current LCU | +1.7% |
| 2017 | 79.98 billion current LCU | -3.1% |
| 2018 | 83.08 billion current LCU | +3.9% |
| 2019 | 87.09 billion current LCU | +4.8% |
| 2020 | 93.44 billion current LCU | +7.3% |
| 2021 | 90.31 billion current LCU | -3.4% |
| 2022 | 97.79 billion current LCU | +8.3% |
| 2023 | 98.38 billion current LCU | +0.6% |
| 2024 | 68.61 billion current LCU | -30.3% |
Equatorial Guinea compared with similar countries
- Equatorial Guinea's 68.61 billion current LCU is above the median for upper middle income countries, which is 50.91 billion current LCU, 1.3× the median. (48 countries reporting)
- Equatorial Guinea's 68.61 billion current LCU is below the median for Sub-Saharan Africa, which is 114.43 billion current LCU, 60% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Military expenditure in Equatorial Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | +5367.0% | 1.72 billion current LCU | 94.09 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.52 billion current LCU | 1.32 billion current LCU | 1.72 billion current LCU | 2 |
| 2000s | 133.60 billion current LCU | 94.09 billion current LCU | 175.62 billion current LCU | 3 |
| 2010s | 82.71 billion current LCU | 79.98 billion current LCU | 87.09 billion current LCU | 6 |
| 2020s | 89.70 billion current LCU | 68.61 billion current LCU | 98.38 billion current LCU | 5 |
Countries ranked near Equatorial Guinea
More public sector data for Equatorial Guinea
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 3 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military expenditure in Equatorial Guinea?
- Military expenditure in Equatorial Guinea was 68.61 billion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Equatorial Guinea?
- The highest recorded value was 175.62 billion current LCU in 2009.
- What is the lowest military expenditure recorded in Equatorial Guinea?
- The lowest recorded value was 1.32 billion current LCU in 1994.
- How does Equatorial Guinea rank for military expenditure?
- Equatorial Guinea ranks 76th out of 168 countries with data for 2024.
- Is military expenditure rising or falling in Equatorial Guinea?
- Over the last ten years it is down 16.7%. The long-run trend across the full record is rising.
- Where does this Equatorial Guinea data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
Military expenditure in local currency at current prices (by calendar year)