Military Expenditure in Gambia, 1983-2022

Military Expenditure in Gambia, 1983-2022

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TGM StatBox. (2024). Military Expenditure in Gambia, 1983-2022. TGM StatBox.
Chart Details
Timeframe: 1960-2023
Country: Gambia
Published date: 2024
Note:

Military expenditure by World Development Indicators (WDI) refers to the financial resources a country allocates for its armed forces. This includes spending on personnel (salaries, pensions), military equipment, infrastructure, operations, and research and development.

Key Takeaways

The Gambia's military spending as a percentage of GDP has remained relatively low, with notable spikes during periods of political and security tension. In the late 1980s, military expenditure rose steadily, peaking at 0.96% in 1989, likely driven by efforts to bolster national defense amid regional instability. The 1994 military coup marked a turning point, leading to reduced spending, which fell to 0.26% of GDP by 1994 as the new regime consolidated power.

A sharp increase occurred in 2008, with spending reaching 1.09% of GDP, reflecting heightened security measures and potential regional threats. Another peak was observed in 2014 at 1.21%, possibly tied to political uncertainties and the need to strengthen internal security. Since then, military spending has gradually declined, stabilizing at around 0.7–0.8% of GDP in recent years, reflecting the country's ongoing efforts to balance defense needs with economic constraints.

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