Latin America & Caribbean vs North Macedonia: Military expenditure (current USD), annual growth rate

Latin America & Caribbean
10.62 % change on previous year
in 2024
North Macedonia
32.65 % change on previous year
in 2024
Latin America & Caribbean rank
16th
North Macedonia rank
19th

Military expenditure (current USD), annual growth rate over time

  • Latin America & Caribbean
  • North Macedonia
-1000100200196119922024

How they compare

North Macedonia currently reports 32.65 % change on previous year against 10.62 % change on previous year in Latin America & Caribbean, a difference of 22.03 % change on previous year.

That makes North Macedonia's figure about 3.1 times Latin America & Caribbean's.

The two have swapped places 11 times across 28 shared years of data; in 1997 it was Latin America & Caribbean ahead.

Latin America & Caribbean ranks 16th and North Macedonia ranks 19th of 41 groups.

Across the 4 decades both report, Latin America & Caribbean averaged higher in 2 and North Macedonia in 2.

Head to head by decade

Decade Latin America & Caribbean North Macedonia Difference Ahead
1990s -4.55 % change on previous year -19.18 % change on previous year 14.63 % change on previous year Latin America & Caribbean
2000s 9.11 % change on previous year 22.25 % change on previous year 13.14 % change on previous year North Macedonia
2010s 1.38 % change on previous year 0.0285 % change on previous year 1.36 % change on previous year Latin America & Caribbean
2020s 4.22 % change on previous year 19.97 % change on previous year 15.74 % change on previous year North Macedonia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military expenditure (current usd), annual growth rate, Latin America & Caribbean or North Macedonia?
North Macedonia, at 32.65 % change on previous year against 10.62 % change on previous year in Latin America & Caribbean as of 2024.
What is the difference in military expenditure (current usd), annual growth rate between Latin America & Caribbean and North Macedonia?
22.03 % change on previous year, with North Macedonia ahead.
How many years of comparable data are there for Latin America & Caribbean and North Macedonia?
28 years are reported by both, from 1997 to 2024.
How do Latin America & Caribbean and North Macedonia rank globally for military expenditure (current usd), annual growth rate?
Latin America & Caribbean ranks 16th and North Macedonia ranks 19th of 41 groups.
Where does this data come from?
Statizoid (derived), published as Military expenditure (current USD), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Latin America & Caribbean vs North Macedonia: Military expenditure (current USD), annual growth rate. Statizoid, drawing on Statizoid (derived). Retrieved 11 September 2026, from https://public-sector.statizoid.com/compare/military-expenditure-current-usd-annual-growth-rate/latin-america-and-caribbean/north-macedonia/

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About this data

Indicator
Military expenditure (current USD), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
208 places, 10,048 data points, 1961–2024
Last refreshed

The year-on-year percentage change in Military expenditure (current USD). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.