Public Management

Africa spent $892bln on military equipment since 1988, 24.5 times less than the US

Africa spent $892bln on military equipment since 1988, 24.5 times less than the US
Tuesday, 27 April 2021 18:19

Between 1988 and 2020, Africa has invested a total of $892.2 billion in military spending. The sub-Saharan part of the continent spent $512.2 billion, according to data provided by the Stockholm International Peace Research Institute, SIPRI. This makes Africa the region that spent less on military equipment worldwide over the period under review.

Military spending in North America reached $21,887 billion over the period and in Europe, the figure is more than $10,000 billion. Despite its population of 1.3 billion inhabitants, Africa records the lowest level of military expenditure per capita with an average of $40 for each country (with some variations) in 2020. Military expenditure per capita in North America was $1,447 in 2020, in the US it was $2,351 over the period.

The analysis of military expenditure to GDP also shows that Africa spent less than 1.7% of the wealth that its countries created in 2020. This ratio reaches 2.5% for North America and European countries.

This data contradicts narratives that Africa is ruled by people who keep themselves in power by buying more and more weapons. The data, however, only revealed governments’ military spending but does not necessarily tell about the arms purchases of other stakeholders who are fuelling conflicts in countries such as Cameroon, Kenya, or the greater Sahel region.

The military expenditure per capita reveals the struggle of the African government to implement an efficient security approach for all. In many countries where the populations claim the right to have a safe life away from conflict, they are often unaware that their leaders can only spend an average of $40 on military protection for each individual.

Idriss Linge

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
BGFI raises CFA 45.3 billion in BVMAC IPO tranche 7,601 investors from 24 countries subscribed shares Listing to make BGFI first multinational on...
Stanbic, Standard Bank arrange $205 million loan for E&P Five-year facility supports mining partnership with Gold Fields Mining sector...
Guinea’s central bank has relaunched the creation of a national stock exchange. The reform aims to expand long-term financing in local currency and...
Senegal raised CFA108.79 billion ($195 million) on the regional market but at rising short-term borrowing costs. Its 364-day yield reached 6.79%, 63...
Most Read
01

Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...

Amazon Turns to Kenya as Its Next Low-Orbit Satellite Internet Bet in Africa
02

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
03

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
04

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
05

BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...

BOAD Defends Sovereign Bond Purchases as Liquidity Management, Not Budget Support
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.