Brazil vs Latin America & Caribbean: Military expenditure

Brazil
20.95 billion current USD
in 2024
Latin America & Caribbean
73.38 billion current USD
in 2024
Brazil rank
22nd
Latin America & Caribbean rank
24th

Military expenditure over time

  • Brazil
  • Latin America & Caribbean
020.0B40.0B60.0B80.0B196019922024

How they compare

Latin America & Caribbean currently reports 73.38 billion current USD against 20.95 billion current USD in Brazil, a difference of 52.43 billion current USD.

That makes Latin America & Caribbean's figure about 3.5 times Brazil's.

Across all 65 years both countries report, Latin America & Caribbean has been ahead every year.

Brazil ranks 22nd and Latin America & Caribbean ranks 24th of 167 countries.

Latin America & Caribbean has averaged higher in every one of the 7 decades both report.

Head to head by decade

Decade Brazil Latin America & Caribbean Difference Ahead
1960s 557.79 million current USD 1.68 billion current USD 1.12 billion current USD Latin America & Caribbean
1970s 1.93 billion current USD 6.83 billion current USD 4.89 billion current USD Latin America & Caribbean
1980s 3.63 billion current USD 13.52 billion current USD 9.89 billion current USD Latin America & Caribbean
1990s 10.52 billion current USD 23.65 billion current USD 13.14 billion current USD Latin America & Caribbean
2000s 15.07 billion current USD 35.47 billion current USD 20.40 billion current USD Latin America & Caribbean
2010s 30.26 billion current USD 67.62 billion current USD 37.35 billion current USD Latin America & Caribbean
2020s 20.41 billion current USD 61.92 billion current USD 41.51 billion current USD Latin America & Caribbean

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military expenditure, Brazil or Latin America & Caribbean?
Latin America & Caribbean, at 73.38 billion current USD against 20.95 billion current USD in Brazil as of 2024.
What is the difference in military expenditure between Brazil and Latin America & Caribbean?
52.43 billion current USD, with Latin America & Caribbean ahead.
How many years of comparable data are there for Brazil and Latin America & Caribbean?
65 years are reported by both, from 1960 to 2024.
How do Brazil and Latin America & Caribbean rank globally for military expenditure?
Brazil ranks 22nd and Latin America & Caribbean ranks 24th of 167 countries.
Where does this data come from?
SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as Military expenditure (current USD). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Brazil vs Latin America & Caribbean: Military expenditure. Statizoid, drawing on SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Retrieved 03 September 2026, from https://public-sector.statizoid.com/compare/military-expenditure-current-usd/brazil/latin-america-and-caribbean/

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About this data

Indicator
Military expenditure (current USD)
Unit
current USD
Source
SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
211 places, 10,601 data points, 1960–2024
Last refreshed

Military spending USD, in current prices (converted at the exchange rate for the given year)