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
Pictet opens first African office in South Africa Group manages $955 billion in assets South Africa hosts 41,100 dollar millionaires in...
NSIA Finance becomes NSIA Capital to reflect broader investment ambitions Group aims to mobilize more capital and expand advisory and funding...
Net profit reaches CFA413.6bn ($744m), with 21.5% margin Data and broadband fuel revenue growth of 8.3% to CFA1,923bn Board proposes CFA1,933...
Total banking assets reach CFA7,586bn ($13.7bn), up 9% year on year State-owned BIIC holds nearly 25% market share with CFA1,885.86bn in...
Most Read
01

Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...

Absa Kenya Imports a Telecom Playbook in Bid to Reinvent Retail Banking
02

MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...

DRC Accuses MTN of Illegal Operations, Spotlighting Border Frequency Issues
03

South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...

Three Countries Drove 70% of Africa’s M&A Deal Value in 2025
04

Safran invests €280m to build one of the world's largest landing gear plants in Morocco, crea...

Morocco: Safran Announces $305 Million Investment to Build One of the World's Largest Landing Gear Plants
05

This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...

Weekly Health Update | Africa CDC Advances Health Sovereignty Efforts
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.