Public Management

African military spendings dropped by 8.4% YoY to $40.6 bln (SIPRI)

African military spendings dropped by 8.4% YoY to $40.6 bln (SIPRI)
Wednesday, 01 May 2019 19:42

In 2018, African countries’ military expenses reached $40.6 billion, a report published on April 29, 2019, by the Stockholm International Peace Research Institute (SIPRI) reveals.

Year to year, this represents an 8.4% decrease. According to the SIPRI, this is the most important decrease since 2014, when military expenses were at a record high.

For the second year in a row, the military expenses of North African countries dropped to $22.2 billion, representing a 5.5% drop compared with the volume of spending in 2017. Compared with the 2009 military spendings, it represents a whopping 74% rise.

In Subsahara Africa, these expenses were estimated at $18.4 billion, representing an 11% and 21% decrease compared with the respective spendings for 2017 and 2009.

The report explained that the four North African countries’ 2018 military spendings were higher than that of the 45 Sub Saharan countries reviewed. Algeria spent the most with military spendings estimated at $9.6 billion in 2018, representing a 6.1% decrease year to year.

The military spendings of two other largest weapon importers, Angola and Sudan namely, have recorded an 18% and 49% decrease in their spendings respectively.

Angola’s spendings dropped for the fourth year in a row to $2 billion due notably to lower oil prices since mid-2014. As for Sudan, it is affected by an economic crisis.

Going against the trend, the military spendings of some countries has risen during the period under review. These countries are Burkina Faso (+52%), Zimbabwe (+19%),  Nigeria (+18%) and Uganda (+17%).

SIPRI indicates that the world military spendings rose by 2.6% year on year to $1,822 billion in 2018. The five largest spenders were the USA, China, Saudi Arabia, India and France that concentrated close to 60% of the world spendings.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Blue Earth Capital secures over $100 million first close Impact secondaries strategy targets emerging markets, including Africa and...
Coris buys Portugal state’s 59.81% stake in Banco Comercial do Atlântico Deal approved by Portugal and Cape Verde regulators Transaction...
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross-border financing rose to CFA405.6 billion Credit...
Sahel Capital secures $29 million first close for agribusiness fund SCAF II targets West African agribusiness value chains Fund makes first...
Most Read
01

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
02

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
03

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
04

Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...

Tether and UNODC Launch Digital Asset Cybersecurity Initiative in Africa
05

Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...

Microfinance: Deposits in Togo Rise 2.7% in Second Quarter of 2025
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.