What is the difference in military expenditure between Argentina and Paraguay?

694.65 billion current LCU, with Argentina ahead.

How many years of comparable data are there for Argentina and Paraguay?

65 years are reported by both, from 1960 to 2024.

Where does this data come from?

SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as Military expenditure (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Argentina vs Paraguay: Military expenditure

Argentina

3.82 trillion current LCU

in 2024

Paraguay

3.13 trillion current LCU

in 2024

Argentina rank

17th

Paraguay rank

19th

Military expenditure over time

Argentina
Paraguay

How they compare

Argentina currently reports 3.82 trillion current LCU against 3.13 trillion current LCU in Paraguay, a difference of 694.65 billion current LCU.

That makes Argentina's figure about 1.2 times Paraguay's.

The two have swapped places 1 time across 65 shared years of data; in 1960 it was Paraguay ahead.

Argentina ranks 17th and Paraguay ranks 19th of 167 countries.

Paraguay has averaged higher in every one of the 7 decades both report.

Head to head by decade

Decade	Argentina	Paraguay	Difference	Ahead
1960s	0.0059 current LCU	1.46 billion current LCU	1.46 billion current LCU	Paraguay
1970s	10.31 current LCU	5.17 billion current LCU	5.17 billion current LCU	Paraguay
1980s	6.43 million current LCU	49.63 billion current LCU	49.63 billion current LCU	Paraguay
1990s	3.14 billion current LCU	316.74 billion current LCU	313.60 billion current LCU	Paraguay
2000s	5.57 billion current LCU	538.71 billion current LCU	533.15 billion current LCU	Paraguay
2010s	58.56 billion current LCU	1.74 trillion current LCU	1.68 trillion current LCU	Paraguay
2020s	1.27 trillion current LCU	2.71 trillion current LCU	1.44 trillion current LCU	Paraguay

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military expenditure, Argentina or Paraguay?: Argentina, at 3.82 trillion current LCU against 3.13 trillion current LCU in Paraguay as of 2024.
What is the difference in military expenditure between Argentina and Paraguay?: 694.65 billion current LCU, with Argentina ahead.
How many years of comparable data are there for Argentina and Paraguay?: 65 years are reported by both, from 1960 to 2024.
How do Argentina and Paraguay rank globally for military expenditure?: Argentina ranks 17th and Paraguay ranks 19th of 167 countries.
Where does this data come from?: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as Military expenditure (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Argentina vs Paraguay: Military expenditure. Statizoid, drawing on SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Retrieved 23 August 2026, from https://public-sector.statizoid.com/compare/military-expenditure-current-lcu/argentina/paraguay/

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About this data

Indicator: Military expenditure (current LCU)
Unit: current LCU
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 167 places, 8,248 data points, 1960–2024
Last refreshed: 20 August 2026

Military expenditure in local currency at current prices (by calendar year)