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
Tanzania’s central bank has taken a stake in Africa Finance Corporation The move gives access to long-term infrastructure financing and technical...
BOA Senegal net profit rises 10.1% to 21.9bn CFA francs Growth driven by higher banking income and controlled loan losses Bank maintains dividend as...
Côte d’Ivoire raises 110bn CFA francs, meeting full target Investor demand hits 291bn CFA francs, nearly threefold oversubscribed Strong...
Three insurers placed under administration for failing solvency requirements Policyholders’ Compensation Fund takes control of...
Most Read
01

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
02

CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...

Strengthening the Business Climate in WAEMU Countries: CCR-UEMOA Reviews Its Midterm Record
03

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
04

ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...

ECOWAS Considers Regional Platform to Enforce Air Passenger Compensation
05

World Bank announces $137 million to boost West Africa digital economy Program expands broad...

Benin, Liberia and Sierra Leone Receive $137M to Expand Digital Access for 5.2 Million People
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.