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

Latin America & Caribbean
10.62 % change on previous year
in 2024
Russian Federation
36.41 % change on previous year
in 2024
Latin America & Caribbean rank
16th
Russian Federation rank
16th

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

  • Latin America & Caribbean
  • Russian Federation
-50050196119922024

How they compare

Russian Federation currently reports 36.41 % change on previous year against 10.62 % change on previous year in Latin America & Caribbean, a difference of 25.79 % change on previous year.

That makes Russian Federation's figure about 3.4 times Latin America & Caribbean's.

The two have swapped places 12 times across 31 shared years of data; in 1994 it was Russian Federation ahead.

Latin America & Caribbean ranks 16th and Russian Federation ranks 16th of 41 groups.

Across the 4 decades both report, Latin America & Caribbean averaged higher in 1 and Russian Federation in 3.

Head to head by decade

Decade Latin America & Caribbean Russian Federation Difference Ahead
1990s 5.63 % change on previous year 5.06 % change on previous year 0.5724 % change on previous year Latin America & Caribbean
2000s 9.11 % change on previous year 23.74 % change on previous year 14.63 % change on previous year Russian Federation
2010s 1.38 % change on previous year 3.11 % change on previous year 1.72 % change on previous year Russian Federation
2020s 4.22 % change on previous year 19.97 % change on previous year 15.75 % change on previous year Russian Federation

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 Russian Federation?
Russian Federation, at 36.41 % 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 Russian Federation?
25.79 % change on previous year, with Russian Federation ahead.
How many years of comparable data are there for Latin America & Caribbean and Russian Federation?
31 years are reported by both, from 1994 to 2024.
How do Latin America & Caribbean and Russian Federation rank globally for military expenditure (current usd), annual growth rate?
Latin America & Caribbean ranks 16th and Russian Federation ranks 16th 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 Russian Federation: Military expenditure (current USD), annual growth rate. Statizoid, drawing on Statizoid (derived). Retrieved 12 September 2026, from https://public-sector.statizoid.com/compare/military-expenditure-current-usd-annual-growth-rate/latin-america-and-caribbean/russian-federation/

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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.