Military expenditure (current USD), annual growth rate in Latin America & Caribbean
Latin America & Caribbean: Military expenditure (current USD), annual growth rate was 10.62 % change on previous year in 2024. ◆ Volatile
Latest (2024)
10.62 % change on previous year
Change on year
down 7.2%
Rank
16th
of 41 groups
All-time high
54.4 % change on previous year
in 1962
All-time low
-18.4 % change on previous year
in 1982
Years of data
64
1961–2024
Military expenditure (current USD), annual growth rate in Latin America & Caribbean, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, military expenditure (current usd), annual growth rate in Latin America & Caribbean stood at 10.62 % change on previous year.
That represents a change of down 7.2% on the previous year and up 244.9% over ten years.
Over the whole period, military expenditure (current usd), annual growth rate in Latin America & Caribbean peaked at 54.4 % change on previous year in 1962 and was at its lowest, -18.4 % change on previous year, in 1982.
Latin America & Caribbean ranks 16th of 41 groups on this measure, 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, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | -8.55 % change on previous year | — |
| 1962 | 54.4 % change on previous year | -736.5% |
| 1963 | 6 % change on previous year | -89.0% |
| 1964 | -5.13 % change on previous year | -185.6% |
| 1965 | 23.45 % change on previous year | -556.7% |
| 1966 | 8.32 % change on previous year | -64.5% |
| 1967 | 7.16 % change on previous year | -14.0% |
| 1968 | -1.66 % change on previous year | -123.2% |
| 1969 | 10.11 % change on previous year | -709.0% |
| 1970 | 24.57 % change on previous year | +142.9% |
| 1971 | 21.21 % change on previous year | -13.7% |
| 1972 | 16.94 % change on previous year | -20.1% |
| 1973 | 33.45 % change on previous year | +97.5% |
| 1974 | 23.29 % change on previous year | -30.4% |
| 1975 | -7.68 % change on previous year | -133.0% |
| 1976 | 30.01 % change on previous year | -490.8% |
| 1977 | 10.06 % change on previous year | -66.5% |
| 1978 | 14.22 % change on previous year | +41.4% |
| 1979 | 27.65 % change on previous year | +94.5% |
| 1980 | 18.96 % change on previous year | -31.4% |
| 1981 | 8.33 % change on previous year | -56.1% |
| 1982 | -18.4 % change on previous year | -321.0% |
| 1983 | -8.36 % change on previous year | -54.6% |
| 1984 | -7.12 % change on previous year | -14.8% |
| 1985 | -6.27 % change on previous year | -12.0% |
| 1986 | 1.88 % change on previous year | -130.0% |
| 1987 | 18.57 % change on previous year | +887.5% |
| 1988 | 12.48 % change on previous year | -32.8% |
| 1989 | 13.93 % change on previous year | +11.6% |
| 1990 | 10.34 % change on previous year | -25.8% |
| 1991 | -13.02 % change on previous year | -225.9% |
| 1992 | -2.06 % change on previous year | -84.2% |
| 1993 | 22.76 % change on previous year | -1203.0% |
| 1994 | 25.39 % change on previous year | +11.5% |
| 1995 | 18.72 % change on previous year | -26.3% |
| 1996 | 3.32 % change on previous year | -82.2% |
| 1997 | -0.88 % change on previous year | -126.5% |
| 1998 | 2.98 % change on previous year | -438.7% |
| 1999 | -15.76 % change on previous year | -628.8% |
| 2000 | 7.11 % change on previous year | -145.1% |
| 2001 | 0.3282 % change on previous year | -95.4% |
| 2002 | -16.37 % change on previous year | -5087.8% |
| 2003 | -2.92 % change on previous year | -82.1% |
| 2004 | 13.43 % change on previous year | -559.4% |
| 2005 | 29.96 % change on previous year | +123.0% |
| 2006 | 16.02 % change on previous year | -46.5% |
| 2007 | 22.75 % change on previous year | +42.0% |
| 2008 | 21.15 % change on previous year | -7.0% |
| 2009 | -0.359 % change on previous year | -101.7% |
| 2010 | 22.16 % change on previous year | -6271.9% |
| 2011 | 7.46 % change on previous year | -66.3% |
| 2012 | 2.08 % change on previous year | -72.1% |
| 2013 | 4.12 % change on previous year | +98.0% |
| 2014 | -7.33 % change on previous year | -278.0% |
| 2015 | -18.36 % change on previous year | +150.5% |
| 2016 | -4.55 % change on previous year | -75.2% |
| 2017 | 17.54 % change on previous year | -485.8% |
| 2018 | -3.95 % change on previous year | -122.5% |
| 2019 | -5.33 % change on previous year | +34.7% |
| 2020 | -10.04 % change on previous year | +88.3% |
| 2021 | 2.63 % change on previous year | -126.2% |
| 2022 | 6.46 % change on previous year | +145.4% |
| 2023 | 11.45 % change on previous year | +77.3% |
| 2024 | 10.62 % change on previous year | -7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.46 % change on previous year | -8.55 % change on previous year | 54.4 % change on previous year | 9 |
| 1970s | 19.37 % change on previous year | -7.68 % change on previous year | 33.45 % change on previous year | 10 |
| 1980s | 3.4 % change on previous year | -18.4 % change on previous year | 18.96 % change on previous year | 10 |
| 1990s | 5.18 % change on previous year | -15.76 % change on previous year | 25.39 % change on previous year | 10 |
| 2000s | 9.11 % change on previous year | -16.37 % change on previous year | 29.96 % change on previous year | 10 |
| 2010s | 1.38 % change on previous year | -18.36 % change on previous year | 22.16 % change on previous year | 10 |
| 2020s | 4.22 % change on previous year | -10.04 % change on previous year | 11.45 % change on previous year | 5 |
Countries ranked near Latin America & Caribbean
- 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
- 19 North Macedonia 32.65 % change on previous year compare
More public sector data for Latin America & Caribbean
- Arms imports 644.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9725 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 67.27 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 644.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 110.81 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0104 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 73.38 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.2 SIPRI trend indicator values per square kilometre (2023)
- Military expenditure (current USD), per square kilometre 3,308 current USD per square kilometre (2023)
Frequently asked questions
- What is military expenditure (current usd), annual growth rate in Latin America & Caribbean?
- Military expenditure (current usd), annual growth rate in Latin America & Caribbean was 10.62 % 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?
- The highest recorded value was 54.4 % change on previous year in 1962.
- What is the lowest military expenditure (current usd), annual growth rate recorded in Latin America & Caribbean?
- The lowest recorded value was -18.4 % change on previous year in 1982.
- How does Latin America & Caribbean rank for military expenditure (current usd), annual growth rate?
- Latin America & Caribbean ranks 16th out of 41 groups with data for 2024.
- Is military expenditure (current usd), annual growth rate rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 244.9%. The long-run trend across the full record is volatile.
- Where does this Latin America & Caribbean 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.