Military expenditure in local currency rose 100% to XAF 98,381,000,000 bil in Equatorial Guinea in 2023, according to the SIPRI Military Expenditure Database.
Historically, military expenditure in local currency in Equatorial Guinea reached an all time high of XAF 98,381,000,000 bil in 2023 and an all time low of XAF 1.32 bil in 1994. When compared to Equatorial Guinea's main peers, military expenditure in local currency in Cameroon amounted to XAF 276,941,000,000 bil, XAF 172,869,000,000 bil in Congo, XAF 160,975,000,000 bil in Gabon and NGN 1,975,400,000,000 bil in Nigeria in 2023.
Equatorial Guinea has been ranked 61st within the group of 148 countries we follow in terms of military expenditure in local currency, 61 places below the position seen 10 years ago.
| Military Expenditure (Local Currency) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Angola | AOA bil | 508 | 501 | 536 | 574 | 615 | ||||||||||||||||
| Benin | XOF bil | ... | ... | ... | ... | 67.9 | 50.1 | 39.9 | 41.3 | 54.0 | ||||||||||||
| Cameroon | XAF bil | 239 | 239 | 247 | 226 | 246 | ||||||||||||||||
| Central African Republic | XAF bil | ... | 16.2 | 17.0 | 23.9 | 25.5 | 30.8 | |||||||||||||||
| Chad | XAF bil | ... | 129 | 141 | 138 | 186 | 184 | |||||||||||||||
| Congo (DRC) | CDF bil | 429 | 477 | 582 | 670 | 611 | ||||||||||||||||
| Congo (ROC) | XAF bil | ... | ... | ... | ... | 218 | 162 | 176 | 172 | 174 | ||||||||||||
| Equatorial Guinea | XAF bil | ... | ... | ... | ... | ... | ... | ... | ... | 80.0 | 83.1 | 87.1 | 93.4 | 90.3 | ||||||||
| Gabon | XAF bil | ... | ... | 157 | 145 | 156 | 152 | 173 | ||||||||||||||
| Niger | XOF bil | ... | ... | ... | 118 | 128 | 145 | 137 | 112 | |||||||||||||
| Nigeria | NGN bil | 495 | 654 | 669 | 975 | 1,783 |
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