Latin America & Caribbean (excluding high income) vs Sweden: Military expenditure
Latin America & Caribbean (excluding high income)
66.10 billion current USD
in 2024
Sweden
12.04 billion current USD
in 2024
Latin America & Caribbean (excluding high income) rank
29th
Sweden rank
27th
Military expenditure over time
- Latin America & Caribbean (excluding high income)
- Sweden
How they compare
Latin America & Caribbean (excluding high income) currently reports 66.10 billion current USD against 12.04 billion current USD in Sweden, a difference of 54.06 billion current USD.
That makes Latin America & Caribbean (excluding high income)'s figure about 5.5 times Sweden's.
Across all 65 years both countries report, Latin America & Caribbean (excluding high income) has been ahead every year.
Latin America & Caribbean (excluding high income) ranks 29th and Sweden ranks 27th of 44 groups.
Latin America & Caribbean (excluding high income) has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean (excluding high income) | Sweden | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 1.51 billion current USD | 781.61 million current USD | 732.52 million current USD | Latin America & Caribbean (excluding high income) |
| 1970s | 5.85 billion current USD | 2.08 billion current USD | 3.77 billion current USD | Latin America & Caribbean (excluding high income) |
| 1980s | 11.65 billion current USD | 3.56 billion current USD | 8.08 billion current USD | Latin America & Caribbean (excluding high income) |
| 1990s | 21.48 billion current USD | 5.17 billion current USD | 16.32 billion current USD | Latin America & Caribbean (excluding high income) |
| 2000s | 31.94 billion current USD | 5.28 billion current USD | 26.66 billion current USD | Latin America & Caribbean (excluding high income) |
| 2010s | 61.15 billion current USD | 5.95 billion current USD | 55.21 billion current USD | Latin America & Caribbean (excluding high income) |
| 2020s | 55.09 billion current USD | 8.47 billion current USD | 46.61 billion current USD | Latin America & Caribbean (excluding high income) |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military expenditure, Latin America & Caribbean (excluding high income) or Sweden?
- Latin America & Caribbean (excluding high income), at 66.10 billion current USD against 12.04 billion current USD in Sweden as of 2024.
- What is the difference in military expenditure between Latin America & Caribbean (excluding high income) and Sweden?
- 54.06 billion current USD, with Latin America & Caribbean (excluding high income) ahead.
- How many years of comparable data are there for Latin America & Caribbean (excluding high income) and Sweden?
- 65 years are reported by both, from 1960 to 2024.
- How do Latin America & Caribbean (excluding high income) and Sweden rank globally for military expenditure?
- Latin America & Caribbean (excluding high income) ranks 29th and Sweden ranks 27th of 44 groups.
- 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.
Individual pages
About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)