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
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing package to Invictus Investment Company PLC (ADX:...
Burkina Faso restructures public funds into four targeted financing mechanisms New funds aim to streamline spending, improve oversight, and reduce...
Zenith Bank explores East African expansion, holds talks with regulators Denies reports of confirmed Paramount Bank acquisition in...
Cameroon backed $44.9M in BDEAC loans to three private firms Treasury guarantees cover 50% of loans for hotel, plant, logistics projects...
Most Read
01

China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...

South Africa Loses More Support as Xi Jinping Also Skips the G20 Summit
02

DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...

DRC, Eyeing AI for Farms and Mines, Seeks to Launch Academy with China’s Huawei
03

Powered exclusively by Rolls-Royce Trent 7000, delivering 14 % lower fuel burn per seat and f...

Airbus Delivers First of Ten Rolls-Royce Trent 7000-Powered A330-900neo to Air Algérie
04

Nigeria’s NIP ranks among the world’s largest real-time payment platforms, underscoring its centra...

Africa’s Real-Time Payments Acceleration Signals a New Era of Competition and Integration
05

After two years of limited testing, WhatsApp will soon let users and businesses hide their phone num...

WhatsApp to Launch Usernames in 2026, Changing How Customers Reach Businesses
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.