Posted 2/12/2024, 3:00:33 PM
Algeria Leads Africa in Defense Spending with $21.6 Billion Budget for 2024
- Algeria has the highest defense budget in Africa for 2024 at $21.6 billion, ranking 22nd globally
- Morocco ranks 29th globally with a $12 billion defense budget, Egypt 35th at $9.4 billion
- Nigeria and Libya round out the top 5 African defense budgets at $4 billion and $3.4 billion
- South Africa, Kenya, Tanzania, Botswana, and Angola hold spots 6-10 for highest defense budgets in Africa
- The data measures funds allocated for procurement, maintenance, support and pensions for armed forces personnel