Military expenditure (current USD), gaps filled in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Military expenditure (current USD), gaps filled was 73.38 billion current USD in 2024. ◆ Volatile
Military expenditure (current USD), gaps filled in Latin America & the Caribbean (IDA & IBRD countries), 1960–2024
Source: Statizoid (derived). Measured in current USD.
Analysis
In 2024, military expenditure (current usd), gaps filled in Latin America & the Caribbean (IDA & IBRD countries) stood at 73.38 billion current USD.
That represents a change of up 10.6% on the previous year and up 1.1% over ten years.
Over the whole period, military expenditure (current usd), gaps filled in Latin America & the Caribbean (IDA & IBRD countries) peaked at 78.34 billion current USD in 2013 and was at its lowest, 952.12 million current USD, in 1961.
Latin America & the Caribbean (IDA & IBRD countries) ranks 23rd 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 & the Caribbean (IDA & IBRD countries), year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 1.04 billion current USD | — |
| 1961 | 952.12 million current USD | -8.5% |
| 1962 | 1.47 billion current USD | +54.4% |
| 1963 | 1.56 billion current USD | +6.0% |
| 1964 | 1.48 billion current USD | -5.1% |
| 1965 | 1.82 billion current USD | +23.4% |
| 1966 | 1.98 billion current USD | +8.3% |
| 1967 | 2.12 billion current USD | +7.2% |
| 1968 | 2.08 billion current USD | -1.7% |
| 1969 | 2.29 billion current USD | +10.1% |
| 1970 | 2.86 billion current USD | +24.6% |
| 1971 | 3.46 billion current USD | +21.2% |
| 1972 | 4.05 billion current USD | +16.9% |
| 1973 | 5.40 billion current USD | +33.5% |
| 1974 | 6.66 billion current USD | +23.3% |
| 1975 | 6.15 billion current USD | -7.7% |
| 1976 | 8.00 billion current USD | +30.0% |
| 1977 | 8.80 billion current USD | +10.1% |
| 1978 | 10.05 billion current USD | +14.2% |
| 1979 | 12.83 billion current USD | +27.7% |
| 1980 | 15.27 billion current USD | +19.0% |
| 1981 | 16.54 billion current USD | +8.3% |
| 1982 | 13.49 billion current USD | -18.4% |
| 1983 | 12.37 billion current USD | -8.4% |
| 1984 | 11.49 billion current USD | -7.1% |
| 1985 | 10.77 billion current USD | -6.3% |
| 1986 | 10.97 billion current USD | +1.9% |
| 1987 | 13.01 billion current USD | +18.6% |
| 1988 | 14.63 billion current USD | +12.5% |
| 1989 | 16.67 billion current USD | +13.9% |
| 1990 | 18.39 billion current USD | +10.3% |
| 1991 | 16.00 billion current USD | -13.0% |
| 1992 | 15.67 billion current USD | -2.1% |
| 1993 | 19.23 billion current USD | +22.8% |
| 1994 | 24.11 billion current USD | +25.4% |
| 1995 | 28.63 billion current USD | +18.7% |
| 1996 | 29.58 billion current USD | +3.3% |
| 1997 | 29.32 billion current USD | -0.9% |
| 1998 | 30.19 billion current USD | +3.0% |
| 1999 | 25.43 billion current USD | -15.8% |
| 2000 | 27.24 billion current USD | +7.1% |
| 2001 | 27.33 billion current USD | +0.3% |
| 2002 | 22.86 billion current USD | -16.4% |
| 2003 | 21.89 billion current USD | -4.2% |
| 2004 | 25.11 billion current USD | +14.7% |
| 2005 | 32.63 billion current USD | +30.0% |
| 2006 | 37.87 billion current USD | +16.1% |
| 2007 | 46.50 billion current USD | +22.8% |
| 2008 | 56.35 billion current USD | +21.2% |
| 2009 | 56.14 billion current USD | -0.4% |
| 2010 | 68.60 billion current USD | +22.2% |
| 2011 | 73.73 billion current USD | +7.5% |
| 2012 | 75.23 billion current USD | +2.0% |
| 2013 | 78.34 billion current USD | +4.1% |
| 2014 | 72.58 billion current USD | -7.4% |
| 2015 | 59.24 billion current USD | -18.4% |
| 2016 | 56.53 billion current USD | -4.6% |
| 2017 | 66.47 billion current USD | +17.6% |
| 2018 | 63.83 billion current USD | -4.0% |
| 2019 | 60.55 billion current USD | -5.1% |
| 2020 | 54.48 billion current USD | -10.0% |
| 2021 | 55.91 billion current USD | +2.6% |
| 2022 | 59.52 billion current USD | +6.5% |
| 2023 | 66.33 billion current USD | +11.4% |
| 2024 | 73.38 billion current USD | +10.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.68 billion current USD | 952.12 million current USD | 2.29 billion current USD | 10 |
| 1970s | 6.83 billion current USD | 2.86 billion current USD | 12.83 billion current USD | 10 |
| 1980s | 13.52 billion current USD | 10.77 billion current USD | 16.67 billion current USD | 10 |
| 1990s | 23.65 billion current USD | 15.67 billion current USD | 30.19 billion current USD | 10 |
| 2000s | 35.39 billion current USD | 21.89 billion current USD | 56.35 billion current USD | 10 |
| 2010s | 67.51 billion current USD | 56.53 billion current USD | 78.34 billion current USD | 10 |
| 2020s | 61.92 billion current USD | 54.48 billion current USD | 73.38 billion current USD | 5 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
- 20 United Arab Emirates 22.76 billion current USD compare
- 21 Algeria 21.81 billion current USD compare
- 22 Brazil 20.95 billion current USD compare
- 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
More public sector data for Latin America & the Caribbean (IDA & IBRD countries)
- Arms imports 644.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9954 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 113.41 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0109 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 10.62 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.32 SIPRI trend indicator values per square kilometre (2023)
- Military expenditure (current USD), per square kilometre 3,328 current USD per square kilometre (2023)
All data for Latin America & the Caribbean (IDA & IBRD countries) →
Frequently asked questions
- What is military expenditure (current usd), gaps filled in Latin America & the Caribbean (IDA & IBRD countries)?
- Military expenditure (current usd), gaps filled in Latin America & the Caribbean (IDA & IBRD countries) was 73.38 billion current USD in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), gaps filled recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 78.34 billion current USD in 2013.
- What is the lowest military expenditure (current usd), gaps filled recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 952.12 million current USD in 1961.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for military expenditure (current usd), gaps filled?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 23rd out of 41 groups with data for 2024.
- Is military expenditure (current usd), gaps filled rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is up 1.1%. The long-run trend across the full record is volatile.
- Where does this Latin America & the Caribbean (IDA & IBRD countries) 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.