Military spending in Equatorial Guinea
Equatorial Guinea: Military spending was 195.85 million constant 2022 US$ in 2023. ◆ Volatile
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$, in 1994.
Equatorial Guinea ranks 134th of 172 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 24.71 million constant 2022 US$ | 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
- Spring temperature anomalies 0.4849 °C (2026)
- Summer temperature anomalies 0.6151 °C (2026)
- Temperature anomalies by month 0.9926 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.5091 °C (2025)
- Winter temperature anomalies 0.7773 °C (2025)
- Consumer price index 144.38 2010 = 100 (2024)
- Universal right to vote 2 (2025)
- Competitive elections 0 (2025)
- Men's universal right to vote 1 (2025)
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.
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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.