Denmark vs Latin America & Caribbean: Military expenditure (current USD)

Denmark
14.95 billion current USD
in 2025
Latin America & Caribbean
73.39 billion current USD
in 2025
Denmark rank
28th
Latin America & Caribbean rank
27th

Military expenditure (current USD) over time

  • Denmark
  • Latin America & Caribbean
020.0B40.0B60.0B80.0B196019922025

How they compare

Latin America & Caribbean currently reports 73.39 billion current USD against 14.95 billion current USD in Denmark, a difference of 58.44 billion current USD.

That makes Latin America & Caribbean's figure about 4.9 times Denmark's.

Across all 66 years both countries report, Latin America & Caribbean has been ahead every year.

Denmark ranks 28th and Latin America & Caribbean ranks 27th of 168 countries.

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

Head to head by decade

Decade Denmark Latin America & Caribbean Difference Ahead
1960s 265.86 million current USD 1.68 billion current USD 1.41 billion current USD Latin America & Caribbean
1970s 841.92 million current USD 6.83 billion current USD 5.99 billion current USD Latin America & Caribbean
1980s 1.67 billion current USD 13.52 billion current USD 11.85 billion current USD Latin America & Caribbean
1990s 2.82 billion current USD 23.65 billion current USD 20.83 billion current USD Latin America & Caribbean
2000s 3.51 billion current USD 35.47 billion current USD 31.96 billion current USD Latin America & Caribbean
2010s 4.15 billion current USD 67.54 billion current USD 63.39 billion current USD Latin America & Caribbean
2020s 8.06 billion current USD 64.35 billion current USD 56.29 billion current USD Latin America & Caribbean

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military expenditure, Denmark or Latin America & Caribbean?
Latin America & Caribbean, at 73.39 billion current USD against 14.95 billion current USD in Denmark as of 2025.
What is the difference in military expenditure between Denmark and Latin America & Caribbean?
58.44 billion current USD, with Latin America & Caribbean ahead.
How many years of comparable data are there for Denmark and Latin America & Caribbean?
66 years are reported by both, from 1960 to 2025.
How do Denmark and Latin America & Caribbean rank globally for military expenditure?
Denmark ranks 28th and Latin America & Caribbean ranks 27th of 168 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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Denmark vs Latin America & Caribbean: Military expenditure. Statizoid, drawing on SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Retrieved 07 November 2026, from https://public-sector.statizoid.com/compare/military-expenditure-current-usd/denmark/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
212 places, 10,705 data points, 1960–2025
Last refreshed

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