Latin America & the Caribbean (IDA & IBRD countries) vs Sweden: Military expenditure (current USD)
Military expenditure (current USD) over time
- Latin America & the Caribbean (IDA & IBRD countries)
- Sweden
How they compare
Latin America & the Caribbean (IDA & IBRD countries) 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 & the Caribbean (IDA & IBRD countries)'s figure about 4.5 times Sweden's.
Across all 66 years both countries report, Latin America & the Caribbean (IDA & IBRD countries) has been ahead every year.
Latin America & the Caribbean (IDA & IBRD countries) ranks 27th and Sweden ranks 25th of 44 groups.
Latin America & the Caribbean (IDA & IBRD countries) has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Latin America & the Caribbean (IDA & IBRD countries) | Sweden | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 1.68 billion current USD | 781.61 million current USD | 898.01 million current USD | Latin America & the Caribbean (IDA & IBRD countries) |
| 1970s | 6.83 billion current USD | 2.08 billion current USD | 4.75 billion current USD | Latin America & the Caribbean (IDA & IBRD countries) |
| 1980s | 13.52 billion current USD | 3.64 billion current USD | 9.88 billion current USD | Latin America & the Caribbean (IDA & IBRD countries) |
| 1990s | 23.65 billion current USD | 5.64 billion current USD | 18.02 billion current USD | Latin America & the Caribbean (IDA & IBRD countries) |
| 2000s | 35.39 billion current USD | 5.27 billion current USD | 30.13 billion current USD | Latin America & the Caribbean (IDA & IBRD countries) |
| 2010s | 67.43 billion current USD | 5.95 billion current USD | 61.49 billion current USD | Latin America & the Caribbean (IDA & IBRD countries) |
| 2020s | 64.35 billion current USD | 9.81 billion current USD | 54.54 billion current USD | Latin America & the Caribbean (IDA & IBRD countries) |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military expenditure, Latin America & the Caribbean (IDA & IBRD countries) or Sweden?
- Latin America & the Caribbean (IDA & IBRD countries), 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 & the Caribbean (IDA & IBRD countries) and Sweden?
- 56.92 billion current USD, with Latin America & the Caribbean (IDA & IBRD countries) ahead.
- How many years of comparable data are there for Latin America & the Caribbean (IDA & IBRD countries) and Sweden?
- 66 years are reported by both, from 1960 to 2025.
- How do Latin America & the Caribbean (IDA & IBRD countries) and Sweden rank globally for military expenditure?
- Latin America & the Caribbean (IDA & IBRD countries) 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)