Equatorial Guinea—Military Spending (% of govt expenditure)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #82 of 151Series years: 2007–2024
Latest Value
4.7%
2024
YoY Change
-30.9%
2023 → 2024
Global Rank
#82
of 151 countries
Maximum
10.5%
2021
Minimum
2.4%
2014
CAGR
-2.8%
14 years
Last
4.7%
Previous
6.8%
Highest
10.5%
Lowest
2.4%
Unit
% of general government expenditure
Source
World Bank World Development Indicators
Equatorial Guinea's military spending (% of govt expenditure) was 4.7% in 2024, ranking #82 out of 151 countries. This represents a -30.9% change from 2023. Over the past 14 years, the highest recorded value was 10.5% (2021) and the lowest was 2.4% (2014). Data sourced from the World Bank World Development Indicators.
Equatorial Guinea — Military Spending (% of govt expenditure): 4.71902584713207 % of general government expenditure for reference year 2024. Source: World Bank (World Development Indicators). Reference year does not establish final observed status; publisher vintage is not verified here.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 4.7% | -30.9% |
| 2023 | 6.8% | -11.7% |
| 2022 | 7.7% | -26.2% |
| 2021 | 10.5% | +3.3% |
| 2020 | 10.2% | +30.4% |
| 2019 | 7.8% | +31.9% |
| 2018 | 5.9% | +4.9% |
| 2017 | 5.6% | +26.2% |
| 2016 | 4.5% | +77.9% |
| 2015 | 2.5% | +3.3% |
| 2014 | 2.4% | -61.0% |
| 2009 | 6.2% | -16.6% |
| 2008 | 7.5% | -2.3% |
| 2007 | 7.6% |
Top Countries — Military Spending (% of govt expenditure)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Ukraine | 54.0% | 2024 |
| 2 | Belarus | 50.7% | 2024 |
| 3 | Myanmar | 29.1% | 2024 |
| 4 | Qatar | 26.9% | 2022 |
| 5 | Saudi Arabia | 22.3% | 2024 |
| 6 | Somalia, Fed. Rep. | 21.6% | 2024 |
| 7 | Algeria | 21.4% | 2024 |
| 8 | Oman | 20.1% | 2024 |
| 9 | Singapore | 20.1% | 2024 |
| 10 | Israel | 20.0% | 2024 |
About This Indicator
Definition
Military expenditure expressed as a percentage of general government expenditure
Methodology
Original contributors: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), uri: https://www.sipri.org/databases
Unit
% of general government expenditure
Source: World Bank (World Development Indicators)View original source →