Algeria vs Latin America & the Caribbean (IDA & IBRD countries): Military expenditure (current USD), gaps filled

Algeria
21.81 billion current USD
in 2024
Latin America & the Caribbean (IDA & IBRD countries)
73.38 billion current USD
in 2024
Algeria rank
21st
Latin America & the Caribbean (IDA & IBRD countries) rank
23rd

Military expenditure (current USD), gaps filled over time

  • Algeria
  • Latin America & the Caribbean (IDA & IBRD countries)
020.0B40.0B60.0B80.0B196019922024

How they compare

Latin America & the Caribbean (IDA & IBRD countries) currently reports 73.38 billion current USD against 21.81 billion current USD in Algeria, a difference of 51.57 billion current USD.

That makes Latin America & the Caribbean (IDA & IBRD countries)'s figure about 3.4 times Algeria's.

Across all 65 years both countries report, Latin America & the Caribbean (IDA & IBRD countries) has been ahead every year.

Algeria ranks 21st and Latin America & the Caribbean (IDA & IBRD countries) ranks 23rd of 167 countries.

Latin America & the Caribbean (IDA & IBRD countries) has averaged higher in every one of the 7 decades both report.

Head to head by decade

Decade Algeria Latin America & the Caribbean (IDA & IBRD countries) Difference Ahead
1960s 81.94 million current USD 1.68 billion current USD 1.60 billion current USD Latin America & the Caribbean (IDA & IBRD countries)
1970s 332.98 million current USD 6.83 billion current USD 6.49 billion current USD Latin America & the Caribbean (IDA & IBRD countries)
1980s 967.12 million current USD 13.52 billion current USD 12.55 billion current USD Latin America & the Caribbean (IDA & IBRD countries)
1990s 1.33 billion current USD 23.65 billion current USD 22.32 billion current USD Latin America & the Caribbean (IDA & IBRD countries)
2000s 3.15 billion current USD 35.39 billion current USD 32.24 billion current USD Latin America & the Caribbean (IDA & IBRD countries)
2010s 9.63 billion current USD 67.51 billion current USD 57.88 billion current USD Latin America & the Caribbean (IDA & IBRD countries)
2020s 13.61 billion current USD 61.92 billion current USD 48.32 billion current USD Latin America & the Caribbean (IDA & IBRD countries)

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military expenditure (current usd), gaps filled, Algeria or Latin America & the Caribbean (IDA & IBRD countries)?
Latin America & the Caribbean (IDA & IBRD countries), at 73.38 billion current USD against 21.81 billion current USD in Algeria as of 2024.
What is the difference in military expenditure (current usd), gaps filled between Algeria and Latin America & the Caribbean (IDA & IBRD countries)?
51.57 billion current USD, with Latin America & the Caribbean (IDA & IBRD countries) ahead.
How many years of comparable data are there for Algeria and Latin America & the Caribbean (IDA & IBRD countries)?
65 years are reported by both, from 1960 to 2024.
How do Algeria and Latin America & the Caribbean (IDA & IBRD countries) rank globally for military expenditure (current usd), gaps filled?
Algeria ranks 21st and Latin America & the Caribbean (IDA & IBRD countries) ranks 23rd of 167 countries.
Where does this data come from?
Statizoid (derived), published as Military expenditure (current USD), gaps filled. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Algeria vs Latin America & the Caribbean (IDA & IBRD countries): Military expenditure (current USD), gaps filled. Statizoid, drawing on Statizoid (derived). Retrieved 12 September 2026, from https://public-sector.statizoid.com/compare/military-expenditure-current-usd-gaps-filled/algeria/latin-america-and-the-caribbean-ida-and-ibrd-countries/

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About this data

Indicator
Military expenditure (current USD), gaps filled
Unit
current USD
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
211 places, 10,708 data points, 1960–2024
Last refreshed

Military expenditure (current USD) with 107 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.