Military expenditure (current USD), annual growth rate in Equatorial Guinea
Equatorial Guinea: Military expenditure (current USD), annual growth rate was -30.25 % change on previous year in 2024. ◆ Volatile
Military expenditure (current USD), annual growth rate in Equatorial Guinea, 1995–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, military expenditure (current usd), annual growth rate in Equatorial Guinea stood at -30.25 % change on previous year. That is the lowest value across all 13 years on record.
That represents a change of down 978.2% on the previous year and down 72.1% over ten years.
Over the whole period, military expenditure (current usd), annual growth rate in Equatorial Guinea peaked at 49.13 % change on previous year in 2008 and was at its lowest, -30.25 % change on previous year, in 2024.
That places Equatorial Guinea 156th out of 164 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure (current USD), annual growth rate in Equatorial Guinea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1995 | 44.91 % change on previous year | — |
| 2008 | 49.13 % change on previous year | +9.4% |
| 2009 | 27.04 % change on previous year | -44.9% |
| 2015 | -17.58 % change on previous year | -165.0% |
| 2016 | 1.41 % change on previous year | -108.0% |
| 2017 | -2.15 % change on previous year | -252.2% |
| 2018 | 9.76 % change on previous year | -554.1% |
| 2019 | -0.5766 % change on previous year | -105.9% |
| 2020 | 9.24 % change on previous year | -1702.7% |
| 2021 | 0.2673 % change on previous year | -97.1% |
| 2022 | -3.69 % change on previous year | -1482.2% |
| 2023 | 3.44 % change on previous year | -193.2% |
| 2024 | -30.25 % change on previous year | -978.2% |
Equatorial Guinea compared with similar countries
- Equatorial Guinea's -30.25 % change on previous year is below the median for upper middle income countries, which is 8.92 % change on previous year. (48 countries reporting)
- Equatorial Guinea's -30.25 % change on previous year is below the median for Sub-Saharan Africa, which is 6.07 % change on previous year. (46 countries reporting)
Biggest year-on-year movements
Years where Military expenditure (current USD), annual growth rate 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 |
|---|---|---|---|
| 2020 | +1702.7% | -0.5766 % change on previous year | 9.24 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 44.91 % change on previous year | 44.91 % change on previous year | 44.91 % change on previous year | 1 |
| 2000s | 38.09 % change on previous year | 27.04 % change on previous year | 49.13 % change on previous year | 2 |
| 2010s | -1.83 % change on previous year | -17.58 % change on previous year | 9.76 % change on previous year | 5 |
| 2020s | -4.2 % change on previous year | -30.25 % change on previous year | 9.24 % change on previous year | 5 |
Countries ranked near Equatorial Guinea
- 153 Egypt -24.34 % change on previous year compare
- 154 Angola -26.11 % change on previous year compare
- 155 Togo -29.31 % change on previous year compare
- 157 Ethiopia -34.59 % change on previous year compare
- 158 Congo -36.12 % change on previous year compare
- 159 Liberia -45.9 % change on previous year compare
More public sector data for Equatorial Guinea
- Democracy, 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)
- 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)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, 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 (current usd), annual growth rate in Equatorial Guinea?
- Military expenditure (current usd), annual growth rate in Equatorial Guinea was -30.25 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), annual growth rate recorded in Equatorial Guinea?
- The highest recorded value was 49.13 % change on previous year in 2008.
- What is the lowest military expenditure (current usd), annual growth rate recorded in Equatorial Guinea?
- The lowest recorded value was -30.25 % change on previous year in 2024.
- How does Equatorial Guinea rank for military expenditure (current usd), annual growth rate?
- Equatorial Guinea ranks 156th out of 164 countries with data for 2024.
- Is military expenditure (current usd), annual growth rate rising or falling in Equatorial Guinea?
- Over the last ten years it is down 72.1%. The long-run trend across the full record is volatile.
- Where does this Equatorial Guinea data come from?
- The figures come from Statizoid (derived), published as part of Military expenditure (current USD), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Military expenditure (current USD). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Military expenditure SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Military expenditure (current USD). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.