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
Orange Mali secures €80M loan to expand 4G and fiber networks Project to improve internet for 300,000 users, focus on rural...
Benin seeks $176.7M via two new bonds on WAEMU market Bonds offer 6% and 6.15% yields, maturing in 2032 and 2035 Return follows $1B...
CAR Treasury returns to market, seeks up to $88.4M via new bond lines Three- to five-year bonds to fund $12.8B national development...
Côte d'Ivoire keeps BB/B rating, but Senegal debt exposure flagged Ivorian banks now key conduit for risky Senegalese bond financing S&P...
Most Read
01

DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...

DRC in Talks with Alibaba, Isoftstone to Develop a Chinese-Style E-Commerce Model
02

The new unified platform replaces the NIBSS Instant Payments system. It connects banks, finte...

Nigeria Launches National Payment Stack, Targets Faster Digital Transactions
03

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
04

Germany to provide €49 million ($56.7 million) to support ECOWAS projects. Funds target peac...

ECOWAS secures $56.7mln German support for security and governance
05

Madagascar is going through one of the most turbulent periods in its recent political history. After...

Good Governance Can Save Madagascar, Says Former Ambassador Jaona Ravaloson
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.