Military expenditure (current USD), gaps filled in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Military expenditure (current USD), gaps filled was 66.10 billion current USD in 2024. ◆ Volatile
Military expenditure (current USD), gaps filled in Latin America & Caribbean (excluding high income), 1960–2024
Source: Statizoid (derived). Measured in current USD.
Analysis
The most recent figure for military expenditure (current usd), gaps filled in Latin America & Caribbean (excluding high income) is 66.10 billion current USD, measured in 2024.
That represents a change of up 12.0% on the previous year and down 0.4% over ten years.
Over the whole period, military expenditure (current usd), gaps filled in Latin America & Caribbean (excluding high income) peaked at 71.64 billion current USD in 2013 and was at its lowest, 791.18 million current USD, in 1961.
Latin America & Caribbean (excluding high income) ranks 26th 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), gaps filled in Latin America & Caribbean (excluding high income), year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 914.31 million current USD | — |
| 1961 | 791.18 million current USD | -13.5% |
| 1962 | 1.31 billion current USD | +65.3% |
| 1963 | 1.41 billion current USD | +7.5% |
| 1964 | 1.33 billion current USD | -5.5% |
| 1965 | 1.66 billion current USD | +24.7% |
| 1966 | 1.79 billion current USD | +8.0% |
| 1967 | 1.94 billion current USD | +8.1% |
| 1968 | 1.90 billion current USD | -1.6% |
| 1969 | 2.11 billion current USD | +10.7% |
| 1970 | 2.46 billion current USD | +16.8% |
| 1971 | 2.80 billion current USD | +13.8% |
| 1972 | 3.24 billion current USD | +15.7% |
| 1973 | 4.27 billion current USD | +31.7% |
| 1974 | 5.35 billion current USD | +25.3% |
| 1975 | 5.46 billion current USD | +2.1% |
| 1976 | 7.22 billion current USD | +32.1% |
| 1977 | 7.68 billion current USD | +6.4% |
| 1978 | 8.80 billion current USD | +14.6% |
| 1979 | 11.20 billion current USD | +27.3% |
| 1980 | 12.94 billion current USD | +15.6% |
| 1981 | 13.48 billion current USD | +4.1% |
| 1982 | 10.71 billion current USD | -20.5% |
| 1983 | 10.57 billion current USD | -1.3% |
| 1984 | 9.78 billion current USD | -7.5% |
| 1985 | 9.39 billion current USD | -4.0% |
| 1986 | 9.58 billion current USD | +2.1% |
| 1987 | 11.50 billion current USD | +20.0% |
| 1988 | 13.26 billion current USD | +15.3% |
| 1989 | 15.27 billion current USD | +15.2% |
| 1990 | 16.95 billion current USD | +11.0% |
| 1991 | 14.61 billion current USD | -13.8% |
| 1992 | 14.05 billion current USD | -3.8% |
| 1993 | 17.40 billion current USD | +23.9% |
| 1994 | 22.07 billion current USD | +26.8% |
| 1995 | 26.17 billion current USD | +18.6% |
| 1996 | 26.99 billion current USD | +3.1% |
| 1997 | 26.50 billion current USD | -1.8% |
| 1998 | 27.40 billion current USD | +3.4% |
| 1999 | 22.70 billion current USD | -17.1% |
| 2000 | 24.57 billion current USD | +8.2% |
| 2001 | 24.89 billion current USD | +1.3% |
| 2002 | 20.70 billion current USD | -16.8% |
| 2003 | 19.80 billion current USD | -4.3% |
| 2004 | 22.10 billion current USD | +11.6% |
| 2005 | 29.14 billion current USD | +31.9% |
| 2006 | 33.57 billion current USD | +15.2% |
| 2007 | 42.00 billion current USD | +25.1% |
| 2008 | 51.06 billion current USD | +21.6% |
| 2009 | 51.59 billion current USD | +1.0% |
| 2010 | 62.87 billion current USD | +21.9% |
| 2011 | 67.13 billion current USD | +6.8% |
| 2012 | 68.76 billion current USD | +2.4% |
| 2013 | 71.64 billion current USD | +4.2% |
| 2014 | 66.34 billion current USD | -7.4% |
| 2015 | 53.51 billion current USD | -19.3% |
| 2016 | 50.60 billion current USD | -5.4% |
| 2017 | 59.80 billion current USD | +18.2% |
| 2018 | 56.92 billion current USD | -4.8% |
| 2019 | 53.98 billion current USD | -5.2% |
| 2020 | 47.89 billion current USD | -11.3% |
| 2021 | 49.17 billion current USD | +2.7% |
| 2022 | 53.27 billion current USD | +8.3% |
| 2023 | 59.00 billion current USD | +10.8% |
| 2024 | 66.10 billion current USD | +12.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.51 billion current USD | 791.18 million current USD | 2.11 billion current USD | 10 |
| 1970s | 5.85 billion current USD | 2.46 billion current USD | 11.20 billion current USD | 10 |
| 1980s | 11.65 billion current USD | 9.39 billion current USD | 15.27 billion current USD | 10 |
| 1990s | 21.48 billion current USD | 14.05 billion current USD | 27.40 billion current USD | 10 |
| 2000s | 31.94 billion current USD | 19.80 billion current USD | 51.59 billion current USD | 10 |
| 2010s | 61.15 billion current USD | 50.60 billion current USD | 71.64 billion current USD | 10 |
| 2020s | 55.09 billion current USD | 47.89 billion current USD | 66.10 billion current USD | 5 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 23 Mexico 16.73 billion current USD compare
- 24 Qatar 15.41 billion current USD compare
- 25 Colombia 15.10 billion current USD compare
- 26 Singapore 15.06 billion current USD compare
- 27 Sweden 12.04 billion current USD compare
- 28 Indonesia 11.04 billion current USD compare
- 29 Norway 10.44 billion current USD 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), annual growth rate 12.04 % change on previous year (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), gaps filled in Latin America & Caribbean (excluding high income)?
- Military expenditure (current usd), gaps filled in Latin America & Caribbean (excluding high income) was 66.10 billion current USD in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), gaps filled recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 71.64 billion current USD in 2013.
- What is the lowest military expenditure (current usd), gaps filled recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 791.18 million current USD in 1961.
- How does Latin America & Caribbean (excluding high income) rank for military expenditure (current usd), gaps filled?
- Latin America & Caribbean (excluding high income) ranks 26th out of 41 groups with data for 2024.
- Is military expenditure (current usd), gaps filled rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is down 0.4%. 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), gaps filled. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Military expenditure (current USD) with 107 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.
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
Military expenditure (current USD) with 107 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.