Latin America & Caribbean vs Sweden: Military expenditure (current USD)
Latin America & Caribbean
73.39 billion current USD
in 2025
Sweden
16.47 billion current USD
in 2025
Latin America & Caribbean rank
27th
Sweden rank
25th
Military expenditure (current USD) over time
- Latin America & Caribbean
- Sweden
How they compare
Latin America & Caribbean currently reports 73.39 billion current USD against 16.47 billion current USD in Sweden, a difference of 56.92 billion current USD.
That makes Latin America & Caribbean's figure about 4.5 times Sweden's.
Across all 66 years both countries report, Latin America & Caribbean has been ahead every year.
Latin America & Caribbean ranks 27th and Sweden ranks 25th of 44 groups.
Latin America & Caribbean has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean | Sweden | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 1.68 billion current USD | 781.61 million current USD | 898.01 million current USD | Latin America & Caribbean |
| 1970s | 6.83 billion current USD | 2.08 billion current USD | 4.75 billion current USD | Latin America & Caribbean |
| 1980s | 13.52 billion current USD | 3.64 billion current USD | 9.88 billion current USD | Latin America & Caribbean |
| 1990s | 23.65 billion current USD | 5.64 billion current USD | 18.02 billion current USD | Latin America & Caribbean |
| 2000s | 35.47 billion current USD | 5.27 billion current USD | 30.20 billion current USD | Latin America & Caribbean |
| 2010s | 67.54 billion current USD | 5.95 billion current USD | 61.59 billion current USD | Latin America & Caribbean |
| 2020s | 64.35 billion current USD | 9.81 billion current USD | 54.54 billion current USD | Latin America & Caribbean |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military expenditure, Latin America & Caribbean or Sweden?
- Latin America & Caribbean, at 73.39 billion current USD against 16.47 billion current USD in Sweden as of 2025.
- What is the difference in military expenditure between Latin America & Caribbean and Sweden?
- 56.92 billion current USD, with Latin America & Caribbean ahead.
- How many years of comparable data are there for Latin America & Caribbean and Sweden?
- 66 years are reported by both, from 1960 to 2025.
- How do Latin America & Caribbean and Sweden rank globally for military expenditure?
- Latin America & Caribbean ranks 27th and Sweden ranks 25th 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)