Military spending in Equatorial Guinea
Equatorial Guinea: Military spending was 195.85 million constant 2022 US$ in 2023. ◆ Volatile
Latest (2023)
195.85 million constant 2022 US$
Change on year
down 2.8%
World rank
134th
of 172 countries
All-time high
201.43 million constant 2022 US$
in 2022
All-time low
4.32 million constant 2022 US$
in 1994
Years of data
56
1968–2023
Military spending in Equatorial Guinea, 1968–2023
Source: Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.
Analysis
Equatorial Guinea recorded 195.85 million constant 2022 US$ for military spending in 2023.
Compared with earlier readings it is down 2.8% on the previous year and up 1,759.2% over ten years.
Over the whole period, military spending in Equatorial Guinea peaked at 201.43 million constant 2022 US$ in 2022 and was at its lowest, 4.32 million constant 2022 US$, in 1994.
Equatorial Guinea ranks 134th of 172 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending in Equatorial Guinea, year by year
| Year | constant 2022 US$ | Change |
|---|---|---|
| 1968 | 24.76 million constant 2022 US$ | — |
| 1969 | 24.66 million constant 2022 US$ | -0.4% |
| 1970 | 23.15 million constant 2022 US$ | -6.1% |
| 1971 | 18.74 million constant 2022 US$ | -19.1% |
| 1972 | 17.37 million constant 2022 US$ | -7.3% |
| 1973 | 14.50 million constant 2022 US$ | -16.5% |
| 1974 | 13.07 million constant 2022 US$ | -9.9% |
| 1975 | 12.05 million constant 2022 US$ | -7.8% |
| 1976 | 11.43 million constant 2022 US$ | -5.1% |
| 1977 | 10.01 million constant 2022 US$ | -12.4% |
| 1978 | 8.88 million constant 2022 US$ | -11.3% |
| 1979 | 7.64 million constant 2022 US$ | -14.0% |
| 1980 | 6.17 million constant 2022 US$ | -19.2% |
| 1981 | 5.98 million constant 2022 US$ | -3.1% |
| 1982 | 8.27 million constant 2022 US$ | +38.2% |
| 1983 | 7.58 million constant 2022 US$ | -8.3% |
| 1984 | 6.97 million constant 2022 US$ | -8.1% |
| 1985 | 6.39 million constant 2022 US$ | -8.4% |
| 1986 | 6.41 million constant 2022 US$ | +0.4% |
| 1987 | 6.05 million constant 2022 US$ | -5.6% |
| 1988 | 5.85 million constant 2022 US$ | -3.2% |
| 1989 | 5.44 million constant 2022 US$ | -7.0% |
| 1990 | 5.11 million constant 2022 US$ | -6.0% |
| 1991 | 4.88 million constant 2022 US$ | -4.5% |
| 1992 | 4.86 million constant 2022 US$ | -0.4% |
| 1993 | 4.69 million constant 2022 US$ | -3.5% |
| 1994 | 4.32 million constant 2022 US$ | -7.9% |
| 1995 | 4.42 million constant 2022 US$ | +2.3% |
| 1996 | 4.38 million constant 2022 US$ | -0.8% |
| 1997 | 7.18 million constant 2022 US$ | +63.8% |
| 1998 | 9.33 million constant 2022 US$ | +30.0% |
| 1999 | 9.58 million constant 2022 US$ | +2.7% |
| 2000 | 7.54 million constant 2022 US$ | -21.3% |
| 2001 | 7.16 million constant 2022 US$ | -5.1% |
| 2002 | 7.77 million constant 2022 US$ | +8.5% |
| 2003 | 8.15 million constant 2022 US$ | +4.9% |
| 2004 | 9.56 million constant 2022 US$ | +17.4% |
| 2005 | 9.66 million constant 2022 US$ | +1.0% |
| 2006 | 11.15 million constant 2022 US$ | +15.4% |
| 2007 | 20.90 million constant 2022 US$ | +87.5% |
| 2008 | 26.35 million constant 2022 US$ | +26.1% |
| 2009 | 24.81 million constant 2022 US$ | -5.8% |
| 2010 | 12.51 million constant 2022 US$ | -49.6% |
| 2011 | 10.05 million constant 2022 US$ | -19.7% |
| 2012 | 9.99 million constant 2022 US$ | -0.6% |
| 2013 | 10.53 million constant 2022 US$ | +5.4% |
| 2014 | 173.82 million constant 2022 US$ | +1550.1% |
| 2015 | 171.82 million constant 2022 US$ | -1.2% |
| 2016 | 170.52 million constant 2022 US$ | -0.8% |
| 2017 | 167.12 million constant 2022 US$ | -2.0% |
| 2018 | 171.67 million constant 2022 US$ | +2.7% |
| 2019 | 195.50 million constant 2022 US$ | +13.9% |
| 2020 | 201.31 million constant 2022 US$ | +3.0% |
| 2021 | 200.29 million constant 2022 US$ | -0.5% |
| 2022 | 201.43 million constant 2022 US$ | +0.6% |
| 2023 | 195.85 million constant 2022 US$ | -2.8% |
Equatorial Guinea compared with similar countries
- Equatorial Guinea's 195.85 million constant 2022 US$ is below the median for upper middle income countries, which is 1.25 billion constant 2022 US$, 16% of the median. (49 countries reporting)
- Equatorial Guinea's 195.85 million constant 2022 US$ is below the median for Sub-Saharan Africa, which is 350.64 million constant 2022 US$, 56% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Military spending in Equatorial Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | +1550.1% | 10.53 million constant 2022 US$ | 173.82 million constant 2022 US$ |
| 2007 | +87.5% | 11.15 million constant 2022 US$ | 20.90 million constant 2022 US$ |
| 1997 | +63.8% | 4.38 million constant 2022 US$ | 7.18 million constant 2022 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 24.71 million constant 2022 US$ | 24.66 million constant 2022 US$ | 24.76 million constant 2022 US$ | 2 |
| 1970s | 13.68 million constant 2022 US$ | 7.64 million constant 2022 US$ | 23.15 million constant 2022 US$ | 10 |
| 1980s | 6.51 million constant 2022 US$ | 5.44 million constant 2022 US$ | 8.27 million constant 2022 US$ | 10 |
| 1990s | 5.88 million constant 2022 US$ | 4.32 million constant 2022 US$ | 9.58 million constant 2022 US$ | 10 |
| 2000s | 13.30 million constant 2022 US$ | 7.16 million constant 2022 US$ | 26.35 million constant 2022 US$ | 10 |
| 2010s | 109.35 million constant 2022 US$ | 9.99 million constant 2022 US$ | 195.50 million constant 2022 US$ | 10 |
| 2020s | 199.72 million constant 2022 US$ | 195.85 million constant 2022 US$ | 201.43 million constant 2022 US$ | 4 |
Countries ranked near Equatorial Guinea
- 131 North Macedonia 276.30 million constant 2022 US$ compare
- 132 Bosnia and Herzegovina 230.14 million constant 2022 US$ compare
- 133 Rwanda 218.10 million constant 2022 US$ compare
- 135 Tajikistan 177.78 million constant 2022 US$ compare
- 136 Cuba 155.63 million constant 2022 US$ compare
- 137 Mongolia 153.56 million constant 2022 US$ compare
More reference data data for Equatorial Guinea
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0013 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.007 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.0083 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.0083 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0042 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0044 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.0316 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.0402 (2050)
- Emission Totals - Emissions (N2O) - Agricultural Soils 0.0358 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure applied 1.11 (2050)
Frequently asked questions
- What is military spending in Equatorial Guinea?
- Military spending in Equatorial Guinea was 195.85 million constant 2022 US$ in 2023, according to Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Equatorial Guinea?
- The highest recorded value was 201.43 million constant 2022 US$ in 2022.
- What is the lowest military spending recorded in Equatorial Guinea?
- The lowest recorded value was 4.32 million constant 2022 US$ in 1994.
- How does Equatorial Guinea rank for military spending?
- Equatorial Guinea ranks 134th out of 172 countries with data for 2023.
- Is military spending rising or falling in Equatorial Guinea?
- Over the last ten years it is up 1,759.2%. The long-run trend across the full record is volatile.
- Where does this Equatorial Guinea data come from?
- The figures come from Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.
Download this data
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About this data
This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.