Military expenditure in Equatorial Guinea
Equatorial Guinea: Military expenditure was 113.14 million current USD in 2024. ◆ Volatile
Military expenditure in Equatorial Guinea, 1994–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Equatorial Guinea stood at 113.14 million current USD.
That represents a change of down 30.2% on the previous year and down 32.1% over ten years.
Over the whole period, military expenditure in Equatorial Guinea peaked at 371.93 million current USD in 2009 and was at its lowest, 2.38 million current USD, in 1994.
Equatorial Guinea ranks 142nd of 168 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure in Equatorial Guinea, year by year
| Year | current USD | Change |
|---|---|---|
| 1994 | 2.38 million current USD | — |
| 1995 | 3.45 million current USD | +44.9% |
| 2007 | 196.31 million current USD | +5593.8% |
| 2008 | 292.75 million current USD | +49.1% |
| 2009 | 371.93 million current USD | +27.0% |
| 2014 | 166.54 million current USD | -55.2% |
| 2015 | 137.26 million current USD | -17.6% |
| 2016 | 139.20 million current USD | +1.4% |
| 2017 | 136.21 million current USD | -2.1% |
| 2018 | 149.50 million current USD | +9.8% |
| 2019 | 148.64 million current USD | -0.6% |
| 2020 | 162.37 million current USD | +9.2% |
| 2021 | 162.81 million current USD | +0.3% |
| 2022 | 156.79 million current USD | -3.7% |
| 2023 | 162.19 million current USD | +3.4% |
| 2024 | 113.14 million current USD | -30.2% |
Equatorial Guinea compared with similar countries
- Equatorial Guinea's 113.14 million current USD is below the median for upper middle income countries, which is 1.38 billion current USD, 8% of the median. (48 countries reporting)
- Equatorial Guinea's 113.14 million current USD is below the median for Sub-Saharan Africa, which is 293.92 million current USD, 38% 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 | +5593.8% | 3.45 million current USD | 196.31 million current USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.91 million current USD | 2.38 million current USD | 3.45 million current USD | 2 |
| 2000s | 287.00 million current USD | 196.31 million current USD | 371.93 million current USD | 3 |
| 2010s | 146.22 million current USD | 136.21 million current USD | 166.54 million current USD | 6 |
| 2020s | 151.46 million current USD | 113.14 million current USD | 162.81 million current USD | 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 113.14 million current USD 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 371.93 million current USD in 2009.
- What is the lowest military expenditure recorded in Equatorial Guinea?
- The lowest recorded value was 2.38 million current USD in 1994.
- How does Equatorial Guinea rank for military expenditure?
- Equatorial Guinea ranks 142nd 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 32.1%. The long-run trend across the full record is volatile.
- 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 USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)