Military spending, per capita in Equatorial Guinea

Equatorial Guinea: Military spending, per capita was 106.01 constant 2022 US$ per person in 2023. ◆ Volatile

Latest (2023)
106.01 constant 2022 US$ per person
Change on year
down 5.1%
World rank
84th
of 171 countries
All-time high
124.17 constant 2022 US$ per person
in 2014
All-time low
7.38 constant 2022 US$ per person
in 1996
Years of data
56
1968–2023

Military spending, per capita in Equatorial Guinea, 1968–2023

0255075100125196819952023

Source: Statizoid (derived). Measured in constant 2022 US$ per person.

Analysis

In 2023, military spending, per capita in Equatorial Guinea stood at 106.01 constant 2022 US$ per person.

That represents a change of down 5.1% on the previous year and up 1,254.8% over ten years.

Over the whole period, military spending, per capita in Equatorial Guinea peaked at 124.17 constant 2022 US$ per person in 2014 and was at its lowest, 7.38 constant 2022 US$ per person, in 1996.

That places Equatorial Guinea 84th out of 171 countries with data for 2023, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Military spending, per capita in Equatorial Guinea, year by year

Annual values for Military spending, per capita in Equatorial Guinea, 1968 to 2023.
Year constant 2022 US$ per person Change
1968 77.64 constant 2022 US$ per person
1969 76.46 constant 2022 US$ per person -1.5%
1970 72.17 constant 2022 US$ per person -5.6%
1971 59.3 constant 2022 US$ per person -17.8%
1972 56.11 constant 2022 US$ per person -5.4%
1973 47.96 constant 2022 US$ per person -14.5%
1974 44.31 constant 2022 US$ per person -7.6%
1975 41.84 constant 2022 US$ per person -5.6%
1976 40.68 constant 2022 US$ per person -2.8%
1977 36.16 constant 2022 US$ per person -11.1%
1978 32.11 constant 2022 US$ per person -11.2%
1979 27.29 constant 2022 US$ per person -15.0%
1980 21.38 constant 2022 US$ per person -21.6%
1981 19.72 constant 2022 US$ per person -7.7%
1982 25.66 constant 2022 US$ per person +30.1%
1983 22.08 constant 2022 US$ per person -13.9%
1984 19.1 constant 2022 US$ per person -13.5%
1985 16.57 constant 2022 US$ per person -13.3%
1986 15.84 constant 2022 US$ per person -4.4%
1987 14.31 constant 2022 US$ per person -9.6%
1988 13.31 constant 2022 US$ per person -7.0%
1989 11.91 constant 2022 US$ per person -10.5%
1990 10.78 constant 2022 US$ per person -9.5%
1991 9.92 constant 2022 US$ per person -8.0%
1992 9.52 constant 2022 US$ per person -4.1%
1993 8.85 constant 2022 US$ per person -7.0%
1994 7.85 constant 2022 US$ per person -11.3%
1995 7.73 constant 2022 US$ per person -1.5%
1996 7.38 constant 2022 US$ per person -4.5%
1997 11.63 constant 2022 US$ per person +57.6%
1998 14.54 constant 2022 US$ per person +25.0%
1999 14.36 constant 2022 US$ per person -1.2%
2000 10.73 constant 2022 US$ per person -25.3%
2001 9.54 constant 2022 US$ per person -11.0%
2002 9.73 constant 2022 US$ per person +2.0%
2003 9.61 constant 2022 US$ per person -1.3%
2004 10.63 constant 2022 US$ per person +10.6%
2005 10.19 constant 2022 US$ per person -4.1%
2006 11.26 constant 2022 US$ per person +10.4%
2007 20.17 constant 2022 US$ per person +79.2%
2008 24.29 constant 2022 US$ per person +20.4%
2009 21.84 constant 2022 US$ per person -10.1%
2010 10.52 constant 2022 US$ per person -51.8%
2011 8.1 constant 2022 US$ per person -23.1%
2012 7.72 constant 2022 US$ per person -4.6%
2013 7.82 constant 2022 US$ per person +1.3%
2014 124.17 constant 2022 US$ per person +1486.9%
2015 118.17 constant 2022 US$ per person -4.8%
2016 113.06 constant 2022 US$ per person -4.3%
2017 106.97 constant 2022 US$ per person -5.4%
2018 106.2 constant 2022 US$ per person -0.7%
2019 117.05 constant 2022 US$ per person +10.2%
2020 117.28 constant 2022 US$ per person +0.2%
2021 113.88 constant 2022 US$ per person -2.9%
2022 111.69 constant 2022 US$ per person -1.9%
2023 106.01 constant 2022 US$ per person -5.1%

Equatorial Guinea compared with similar countries

  • Equatorial Guinea's 106.01 constant 2022 US$ per person is above the median for upper middle income countries, which is 106.01 constant 2022 US$ per person, 1.0× the median. (49 countries reporting)
  • Equatorial Guinea's 106.01 constant 2022 US$ per person is above the median for Sub-Saharan Africa, which is 20.8 constant 2022 US$ per person, 5.1× the median. (46 countries reporting)

Biggest year-on-year movements

Years where Military spending, per capita 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.

YearChange FromTo
2014 +1486.9% 7.82 constant 2022 US$ per person 124.17 constant 2022 US$ per person
2007 +79.2% 11.26 constant 2022 US$ per person 20.17 constant 2022 US$ per person
1997 +57.6% 7.38 constant 2022 US$ per person 11.63 constant 2022 US$ per person
2010 -51.8% 21.84 constant 2022 US$ per person 10.52 constant 2022 US$ per person

Averages by decade

DecadeAverage LowestHighest Years
1960s 77.05 constant 2022 US$ per person 76.46 constant 2022 US$ per person 77.64 constant 2022 US$ per person 2
1970s 45.79 constant 2022 US$ per person 27.29 constant 2022 US$ per person 72.17 constant 2022 US$ per person 10
1980s 17.99 constant 2022 US$ per person 11.91 constant 2022 US$ per person 25.66 constant 2022 US$ per person 10
1990s 10.26 constant 2022 US$ per person 7.38 constant 2022 US$ per person 14.54 constant 2022 US$ per person 10
2000s 13.8 constant 2022 US$ per person 9.54 constant 2022 US$ per person 24.29 constant 2022 US$ per person 10
2010s 71.98 constant 2022 US$ per person 7.72 constant 2022 US$ per person 124.17 constant 2022 US$ per person 10
2020s 112.21 constant 2022 US$ per person 106.01 constant 2022 US$ per person 117.28 constant 2022 US$ per person 4

Countries ranked near Equatorial Guinea

  1. 81 Costa Rica 117.77 constant 2022 US$ per person compare
  2. 82 Iran 115.19 constant 2022 US$ per person compare
  3. 83 Thailand 108.6 constant 2022 US$ per person compare
  4. 85 Peru 105.1 constant 2022 US$ per person compare
  5. 86 Suriname 102.92 constant 2022 US$ per person compare
  6. 87 Jamaica 98.1 constant 2022 US$ per person compare

See the full ranking of 171 places →

More reference data data for Equatorial Guinea

All data for Equatorial Guinea →

Frequently asked questions

What is military spending, per capita in Equatorial Guinea?
Military spending, per capita in Equatorial Guinea was 106.01 constant 2022 US$ per person in 2023, according to Statizoid (derived).
What is the highest military spending, per capita recorded in Equatorial Guinea?
The highest recorded value was 124.17 constant 2022 US$ per person in 2014.
What is the lowest military spending, per capita recorded in Equatorial Guinea?
The lowest recorded value was 7.38 constant 2022 US$ per person in 1996.
How does Equatorial Guinea rank for military spending, per capita?
Equatorial Guinea ranks 84th out of 171 countries with data for 2023.
Is military spending, per capita rising or falling in Equatorial Guinea?
Over the last ten years it is up 1,254.8%. The long-run trend across the full record is volatile.
Where does this Equatorial Guinea data come from?
The figures come from Statizoid (derived), published as part of Military spending, per capita. Statizoid updates them automatically from the source API.

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Military spending, per capita in Equatorial Guinea. Statizoid, drawing on Statizoid (derived). Retrieved 22 September 2026, from https://reference.statizoid.com/stat/military-spending-per-capita-2/equatorial-guinea/

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How this figure is calculated

Military spending divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Military spending ÷ Population, total

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Military spending, per capita
Unit
constant 2022 US$ per person
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
171 places, 9,593 data points, 1960–2023
Last refreshed

Military spending divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.