Korea vs Latin America & Caribbean (excluding high income): Military expenditure (current USD), per capita

Korea
919.23 current USD per person
in 2024
Latin America & Caribbean (excluding high income)
106.17 current USD per person
in 2024
Korea rank
24th
Latin America & Caribbean (excluding high income) rank
22nd

Military expenditure (current USD), per capita over time

  • Korea
  • Latin America & Caribbean (excluding high income)
02004006008001.0k196019922024

How they compare

Korea currently reports 919.23 current USD per person against 106.17 current USD per person in Latin America & Caribbean (excluding high income), a difference of 813.06 current USD per person.

That makes Korea's figure about 8.7 times Latin America & Caribbean (excluding high income)'s.

The two have swapped places 2 times across 65 shared years of data; in 1960 it was Korea ahead.

Korea ranks 24th and Latin America & Caribbean (excluding high income) ranks 22nd of 167 countries.

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

Head to head by decade

Decade Korea Latin America & Caribbean (excluding high income) Difference Ahead
1960s 7.37 current USD per person 6.53 current USD per person 0.846 current USD per person Korea
1970s 40.15 current USD per person 19.31 current USD per person 20.84 current USD per person Korea
1980s 137.48 current USD per person 31.6 current USD per person 105.88 current USD per person Korea
1990s 286.3 current USD per person 47.78 current USD per person 238.52 current USD per person Korea
2000s 414.36 current USD per person 61.14 current USD per person 353.21 current USD per person Korea
2010s 713.26 current USD per person 106.09 current USD per person 607.17 current USD per person Korea
2020s 922.65 current USD per person 89.59 current USD per person 833.06 current USD per person Korea

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military expenditure (current usd), per capita, Korea or Latin America & Caribbean (excluding high income)?
Korea, at 919.23 current USD per person against 106.17 current USD per person in Latin America & Caribbean (excluding high income) as of 2024.
What is the difference in military expenditure (current usd), per capita between Korea and Latin America & Caribbean (excluding high income)?
813.06 current USD per person, with Korea ahead.
How many years of comparable data are there for Korea and Latin America & Caribbean (excluding high income)?
65 years are reported by both, from 1960 to 2024.
How do Korea and Latin America & Caribbean (excluding high income) rank globally for military expenditure (current usd), per capita?
Korea ranks 24th and Latin America & Caribbean (excluding high income) ranks 22nd of 167 countries.
Where does this data come from?
Statizoid (derived), published as Military expenditure (current USD), per capita. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Korea vs Latin America & Caribbean (excluding high income): Military expenditure (current USD), per capita. Statizoid, drawing on Statizoid (derived). Retrieved 13 September 2026, from https://public-sector.statizoid.com/compare/military-expenditure-current-usd-per-capita/korea-rep/latin-america-and-caribbean-excluding-high-income/

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About this data

Indicator
Military expenditure (current USD), per capita
Unit
current USD per person
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
211 places, 10,601 data points, 1960–2024
Last refreshed

Military expenditure (current USD) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.