Military expenditure (current USD), annual growth rate in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Military expenditure (current USD), annual growth rate was 12.04 % change on previous year in 2024. ◆ Volatile
Latest (2024)
12.04 % change on previous year
Change on year
up 11.9%
Rank
15th
of 41 groups
All-time high
65.25 % change on previous year
in 1962
All-time low
-20.54 % change on previous year
in 1982
Years of data
64
1961–2024
Military expenditure (current USD), annual growth rate in Latin America & Caribbean (excluding high income), 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Latin America & Caribbean (excluding high income) recorded 12.04 % change on previous year for military expenditure (current usd), annual growth rate in 2024.
The figure is up 11.9% on the previous year and up 262.8% over ten years.
Over the whole period, military expenditure (current usd), annual growth rate in Latin America & Caribbean (excluding high income) peaked at 65.25 % change on previous year in 1962 and was at its lowest, -20.54 % change on previous year, in 1982.
That places Latin America & Caribbean (excluding high income) 15th out of 41 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure (current USD), annual growth rate in Latin America & Caribbean (excluding high income), year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | -13.47 % change on previous year | — |
| 1962 | 65.25 % change on previous year | -584.6% |
| 1963 | 7.49 % change on previous year | -88.5% |
| 1964 | -5.48 % change on previous year | -173.2% |
| 1965 | 24.72 % change on previous year | -550.9% |
| 1966 | 8.05 % change on previous year | -67.4% |
| 1967 | 8.13 % change on previous year | +1.0% |
| 1968 | -1.62 % change on previous year | -119.9% |
| 1969 | 10.73 % change on previous year | -762.8% |
| 1970 | 16.8 % change on previous year | +56.6% |
| 1971 | 13.82 % change on previous year | -17.7% |
| 1972 | 15.72 % change on previous year | +13.8% |
| 1973 | 31.71 % change on previous year | +101.7% |
| 1974 | 25.29 % change on previous year | -20.2% |
| 1975 | 2.1 % change on previous year | -91.7% |
| 1976 | 32.08 % change on previous year | +1427.9% |
| 1977 | 6.37 % change on previous year | -80.1% |
| 1978 | 14.56 % change on previous year | +128.6% |
| 1979 | 27.3 % change on previous year | +87.4% |
| 1980 | 15.6 % change on previous year | -42.9% |
| 1981 | 4.13 % change on previous year | -73.5% |
| 1982 | -20.54 % change on previous year | -597.0% |
| 1983 | -1.29 % change on previous year | -93.7% |
| 1984 | -7.49 % change on previous year | +481.9% |
| 1985 | -4.04 % change on previous year | -46.0% |
| 1986 | 2.11 % change on previous year | -152.2% |
| 1987 | 20 % change on previous year | +847.7% |
| 1988 | 15.26 % change on previous year | -23.7% |
| 1989 | 15.22 % change on previous year | -0.3% |
| 1990 | 11.01 % change on previous year | -27.7% |
| 1991 | -13.83 % change on previous year | -225.7% |
| 1992 | -3.84 % change on previous year | -72.2% |
| 1993 | 23.86 % change on previous year | -721.3% |
| 1994 | 26.83 % change on previous year | +12.4% |
| 1995 | 18.61 % change on previous year | -30.6% |
| 1996 | 3.13 % change on previous year | -83.2% |
| 1997 | -1.81 % change on previous year | -157.7% |
| 1998 | 3.39 % change on previous year | -287.6% |
| 1999 | -17.15 % change on previous year | -605.9% |
| 2000 | 8.21 % change on previous year | -147.9% |
| 2001 | 1.29 % change on previous year | -84.3% |
| 2002 | -16.83 % change on previous year | -1404.7% |
| 2003 | -4.33 % change on previous year | -74.3% |
| 2004 | 11.63 % change on previous year | -368.7% |
| 2005 | 31.85 % change on previous year | +173.9% |
| 2006 | 15.17 % change on previous year | -52.4% |
| 2007 | 25.11 % change on previous year | +65.5% |
| 2008 | 21.58 % change on previous year | -14.1% |
| 2009 | 1.03 % change on previous year | -95.2% |
| 2010 | 21.88 % change on previous year | +2016.1% |
| 2011 | 6.77 % change on previous year | -69.0% |
| 2012 | 2.43 % change on previous year | -64.1% |
| 2013 | 4.18 % change on previous year | +72.0% |
| 2014 | -7.39 % change on previous year | -276.8% |
| 2015 | -19.34 % change on previous year | +161.7% |
| 2016 | -5.42 % change on previous year | -72.0% |
| 2017 | 18.17 % change on previous year | -435.0% |
| 2018 | -4.82 % change on previous year | -126.5% |
| 2019 | -5.17 % change on previous year | +7.2% |
| 2020 | -11.27 % change on previous year | +118.2% |
| 2021 | 2.67 % change on previous year | -123.7% |
| 2022 | 8.33 % change on previous year | +212.2% |
| 2023 | 10.76 % change on previous year | +29.1% |
| 2024 | 12.04 % change on previous year | +11.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.53 % change on previous year | -13.47 % change on previous year | 65.25 % change on previous year | 9 |
| 1970s | 18.57 % change on previous year | 2.1 % change on previous year | 32.08 % change on previous year | 10 |
| 1980s | 3.9 % change on previous year | -20.54 % change on previous year | 20 % change on previous year | 10 |
| 1990s | 5.02 % change on previous year | -17.15 % change on previous year | 26.83 % change on previous year | 10 |
| 2000s | 9.47 % change on previous year | -16.83 % change on previous year | 31.85 % change on previous year | 10 |
| 2010s | 1.13 % change on previous year | -19.34 % change on previous year | 21.88 % change on previous year | 10 |
| 2020s | 4.5 % change on previous year | -11.27 % change on previous year | 12.04 % change on previous year | 5 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 12 Mexico 41.44 % change on previous year compare
- 13 Colombia 40.05 % change on previous year compare
- 14 Netherlands 39.43 % change on previous year compare
- 15 Sweden 37.53 % change on previous year compare
- 16 Russian Federation 36.41 % change on previous year compare
- 17 Albania 34.67 % change on previous year compare
- 18 Qatar 32.94 % change on previous year compare
More public sector data for Latin America & Caribbean (excluding high income)
- Arms imports 611.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9814 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 64.69 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 611.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 106.17 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0105 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 66.10 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.76 SIPRI trend indicator values per square kilometre (2023)
- Military expenditure (current USD), per square kilometre 3,143 current USD per square kilometre (2023)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is military expenditure (current usd), annual growth rate in Latin America & Caribbean (excluding high income)?
- Military expenditure (current usd), annual growth rate in Latin America & Caribbean (excluding high income) was 12.04 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), annual growth rate recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 65.25 % change on previous year in 1962.
- What is the lowest military expenditure (current usd), annual growth rate recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was -20.54 % change on previous year in 1982.
- How does Latin America & Caribbean (excluding high income) rank for military expenditure (current usd), annual growth rate?
- Latin America & Caribbean (excluding high income) ranks 15th out of 41 groups with data for 2024.
- Is military expenditure (current usd), annual growth rate rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 262.8%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean (excluding high income) data come from?
- The figures come from Statizoid (derived), published as part of Military expenditure (current USD), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Military expenditure (current USD). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Military expenditure SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Military expenditure (current USD). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.