Military expenditure in dollars — all countries

Military expenditure in dollars — Equatorial Guinea

Military expenditure in dollars in Equatorial Guinea in 2024 — 113,135,238 US$. Ranked 129 in the world out of 151. Since 1994, the indicator has risen by 4,655%.

2024 113M US$ −30.25% vs 2023
World rank 129of 151
Period maximum 372M US$2009
Period minimum 2.38M US$1994

Trend over time

1994–2024 · US$

Military expenditure in dollars — Equatorial Guinea, 1994–20240100M200M300M400M199419972000200320062009201220152018202120241994: 2,379,301 US$1995: 3,447,875 US$2007: 196,314,372 US$2008: 292,754,659 US$2009: 371,927,588 US$2014: 166,540,271 US$2015: 137,262,660 US$2016: 139,200,818 US$2017: 136,210,361 US$2018: 149,498,690 US$2019: 148,636,933 US$2020: 162,373,364 US$2021: 162,807,133 US$2022: 156,791,635 US$2023: 162,192,394 US$2024: 113,135,238 US$
Change over the period: +111M (+4,654.98%) Average annual rate: 13.74 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Equatorial Guinea

Equatorial Guinea 113M US$
World 2.65T US$
Sub-Saharan Africa 21.67B US$
Middle Africa computed 3.6B US$
Upper-middle-income countries computed 471B US$
Military expenditure in dollars — Equatorial Guinea, by year Equatorial Guinea All countries CSV XLSX
Year US$ Change Change, %
2024 113M −49.06M −30.25%
2023 162M +5.4M +3.44%
2022 157M −6.02M −3.69%
2021 163M +433,768 +0.27%
2020 162M +13.74M +9.24%
2019 149M −861,757 −0.58%
2018 149M +13.29M +9.76%
2017 136M −2.99M −2.15%
2016 139M +1.94M +1.41%
2015 137M −29.28M −17.58%
2014 167M
2009 372M +79.17M +27.04%
2008 293M +96.44M +49.13%
2007 196M
1995 3.45M +1.07M +44.91%
1994 2.38M

About the indicator

Military expenditure in current US dollars under the SIPRI definition. It allows absolute defense budgets to be compared, but not military capability: the purchasing power of the dollar in defense differs widely between countries, so equal budgets buy different amounts of personnel and equipment.

Source: Military Expenditure Database (SIPRI), license SIPRI terms of use.