According to this report, Moroccan military spending fell 2.5% to $5.2 billion in 2023. This amounts to 3.64% of GDP. On the other hand, Algeria saw its military spending increase by 76% to $18.3 billion. This is the highest level ever for Algeria and the strongest annual increase since 1974. The increase is explained by “a strong increase in gas export revenues to European countries.”
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“Algeria and Morocco Representing the largest expenditure in the sub-region (North Africa),” the report said, “Together they accounted for 82% of North Africa’s military expenditure in 2023.
On the African continent, the military spending in 2023 by 22% to $51.6 billion. North African countries spent $28.5 billion on their military last year, up 38% from 2022. Sub-Saharan African countries spent $23.1 billion on arms in 2023, up 8.9% from 2022, but 22% less than in 2014. The 2023 increase is due to a 20% increase in Nigeria’s expenditure – the largest military expenditure in the sub-region – and a significant increase in the expenditure of several other countries, including Congo and South Sudan.
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The United States, China, Russia, India and Saudi Arabia continue to represent the largest military spenders in the world. Together they accounted for 61% of global military spending in 2023, reaching $2.4 trillion in 2023, the strongest increase in a decade, fueled by ongoing conflict. “This shows how the situation of peace and security in the world is deteriorating.
2024-04-24 19:00:00
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