Military Expenditure (As % of GDP) fell to 0.179% in Equatorial Guinea in 2016

Military Expenditure (As % of GDP) (%)
Military & Defense | Equatorial Guinea | December 11, 2018
$2.99
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Military expenditure as a share of GDP reached 0.179 % in 2016 in Equatorial Guinea, according to the SIPRI Military Expenditure Database. This is 77 % less than in the previous year.

Historically, military expenditure as a share of GDP in Equatorial Guinea reached an all time high of 2.47 % in 2009 and an all time low of 0.179 % in 2016. When compared to Equatorial Guinea's main peers, military expenditure as a share of GDP in Cameroon amounted to 1.32 %, 7.14 % in Congo, 1.43 % in Gabon and 0.433 % in Nigeria in 2016.

Equatorial Guinea has been ranked 147th within the group of 149 countries we follow in terms of military expenditure as a share of GDP.

Military expenditure is derived from the NATO definition, which includes all current and capital expenditure on the armed forces, including peacekeeping forces, defence ministries and other government agencies engaged in defence projects, paramilitary forces, if these are judged to be trained and equipped for military operations, and military space activities.

Military Expenditure (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Angola % 3.26% 3.24% 4.46% 4.70% 3.13%
Benin % ... ... ... 1.04% 1.04% 1.04% 1.07%
Cameroon % 1.31% 1.34% 1.33% 1.25% 1.25%
Central African Republic % 2.14% 1.86% 2.98% 2.13% 1.59%
Chad % 5.02% ... 5.61% 2.82% 2.03%
Congo % ... ... ... 2.62% 5.01% ...
Dem. Republic of the Congo % 0.972% 1.21% 1.15% 0.950% 1.28%
Equatorial Guinea % ... ... ... ... 0.776% ... ...
Gabon % ... 1.46% 1.62% 1.60% 1.14% 1.19%
Niger % 1.31% 2.14% 1.38% 1.77% ...
Nigeria % 0.579% 0.503% 0.470% 0.415% 0.418%