Latin America & Caribbean vs Sweden: Military expenditure (current USD), annual growth rate
Latin America & Caribbean
10.62 % change on previous year
in 2024
Sweden
37.53 % change on previous year
in 2024
Latin America & Caribbean rank
16th
Sweden rank
15th
Military expenditure (current USD), annual growth rate over time
- Latin America & Caribbean
- Sweden
How they compare
Sweden currently reports 37.53 % change on previous year against 10.62 % change on previous year in Latin America & Caribbean, a difference of 26.91 % change on previous year.
That makes Sweden's figure about 3.5 times Latin America & Caribbean's.
The two have swapped places 26 times across 64 shared years of data; in 1961 it was Sweden ahead.
Latin America & Caribbean ranks 16th and Sweden ranks 15th of 41 groups.
Across the 7 decades both report, Latin America & Caribbean averaged higher in 4 and Sweden in 3.
Head to head by decade
| Decade | Latin America & Caribbean | Sweden | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 10.46 % change on previous year | 7.64 % change on previous year | 2.81 % change on previous year | Latin America & Caribbean |
| 1970s | 19.37 % change on previous year | 12.81 % change on previous year | 6.56 % change on previous year | Latin America & Caribbean |
| 1980s | 3.4 % change on previous year | 4.55 % change on previous year | 1.15 % change on previous year | Sweden |
| 1990s | 5.18 % change on previous year | 1.1 % change on previous year | 4.08 % change on previous year | Latin America & Caribbean |
| 2000s | 9.11 % change on previous year | 0.5133 % change on previous year | 8.6 % change on previous year | Latin America & Caribbean |
| 2010s | 1.38 % change on previous year | 1.78 % change on previous year | 0.3915 % change on previous year | Sweden |
| 2020s | 4.22 % change on previous year | 16.21 % change on previous year | 11.98 % change on previous year | Sweden |
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 Sweden?
- Sweden, at 37.53 % 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 Sweden?
- 26.91 % change on previous year, with Sweden ahead.
- How many years of comparable data are there for Latin America & Caribbean and Sweden?
- 64 years are reported by both, from 1961 to 2024.
- How do Latin America & Caribbean and Sweden rank globally for military expenditure (current usd), annual growth rate?
- Latin America & Caribbean ranks 16th and Sweden ranks 15th 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.
Individual pages
About this data
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.