Military spending in Guinea-Bissau

Guinea-Bissau: Military spending was 29.97 million constant 2022 US$ in 2023. ▲ Rising

Latest (2023)
29.97 million constant 2022 US$
Change on year
up 1.7%
World rank
163rd
of 172 countries
All-time high
30.05 million constant 2022 US$
in 2020
All-time low
2.97 million constant 2022 US$
in 1974
Years of data
50
1974–2023

Military spending in Guinea-Bissau, 1974–2023

010.0M20.0M30.0M197419982023

Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.

Analysis

Guinea-Bissau recorded 29.97 million constant 2022 US$ for military spending in 2023.

Compared with earlier readings it is up 1.7% on the previous year and up 14.3% over ten years.

Over the whole period, military spending in Guinea-Bissau peaked at 30.05 million constant 2022 US$ in 2020 and was at its lowest, 2.97 million constant 2022 US$, in 1974.

That places Guinea-Bissau 163rd out of 172 countries with data for 2023, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 50 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1970s 10.89 million constant 2022 US$ 2.97 million constant 2022 US$ 16.75 million constant 2022 US$ 6
1980s 14.50 million constant 2022 US$ 9.15 million constant 2022 US$ 23.81 million constant 2022 US$ 10
1990s 8.26 million constant 2022 US$ 6.05 million constant 2022 US$ 9.91 million constant 2022 US$ 10
2000s 14.18 million constant 2022 US$ 8.01 million constant 2022 US$ 20.54 million constant 2022 US$ 10
2010s 25.20 million constant 2022 US$ 22.35 million constant 2022 US$ 28.73 million constant 2022 US$ 10
2020s 29.80 million constant 2022 US$ 29.48 million constant 2022 US$ 30.05 million constant 2022 US$ 4

Countries ranked near Guinea-Bissau

  1. 160 Liberia 39.49 million constant 2022 US$ compare
  2. 161 Belize 32.73 million constant 2022 US$ compare
  3. 162 Bhutan 31.32 million constant 2022 US$ compare
  4. 164 Mauritius 28.93 million constant 2022 US$ compare
  5. 165 Sierra Leone 28.24 million constant 2022 US$ compare
  6. 166 Laos 26.46 million constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Guinea-Bissau

All data for Guinea-Bissau →

Frequently asked questions

What is military spending in Guinea-Bissau?
Military spending in Guinea-Bissau was 29.97 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 Guinea-Bissau?
The highest recorded value was 30.05 million constant 2022 US$ in 2020.
What is the lowest military spending recorded in Guinea-Bissau?
The lowest recorded value was 2.97 million constant 2022 US$ in 1974.
How does Guinea-Bissau rank for military spending?
Guinea-Bissau ranks 163rd out of 172 countries with data for 2023.
Is military spending rising or falling in Guinea-Bissau?
Over the last ten years it is up 14.3%. The long-run trend across the full record is rising.
Where does this Guinea-Bissau 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

CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

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.