Military expenditure (current USD), per capita in Latin America & Caribbean
Latin America & Caribbean: Military expenditure (current USD), per capita was 110.81 current USD per person in 2024. ◆ Volatile
Latest (2024)
110.81 current USD per person
Change on year
up 9.9%
Rank
21st
of 41 groups
All-time high
129.32 current USD per person
in 2013
All-time low
4.24 current USD per person
in 1961
Years of data
65
1960–2024
Military expenditure (current USD), per capita in Latin America & Caribbean, 1960–2024
Source: Statizoid (derived). Measured in current USD per person.
Analysis
Latin America & Caribbean recorded 110.81 current USD per person for military expenditure (current usd), per capita in 2024.
The figure is up 9.9% on the previous year and down 6.6% over ten years.
Over the whole period, military expenditure (current usd), per capita in Latin America & Caribbean peaked at 129.32 current USD per person in 2013 and was at its lowest, 4.24 current USD per person, in 1961.
That places Latin America & Caribbean 21st 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), per capita in Latin America & Caribbean, year by year
| Year | current USD per person | Change |
|---|---|---|
| 1960 | 4.76 current USD per person | — |
| 1961 | 4.24 current USD per person | -11.0% |
| 1962 | 6.36 current USD per person | +50.2% |
| 1963 | 6.56 current USD per person | +3.1% |
| 1964 | 6.06 current USD per person | -7.7% |
| 1965 | 7.28 current USD per person | +20.2% |
| 1966 | 7.68 current USD per person | +5.5% |
| 1967 | 8.01 current USD per person | +4.4% |
| 1968 | 7.68 current USD per person | -4.1% |
| 1969 | 8.25 current USD per person | +7.4% |
| 1970 | 10.03 current USD per person | +21.5% |
| 1971 | 11.86 current USD per person | +18.3% |
| 1972 | 13.54 current USD per person | +14.1% |
| 1973 | 17.64 current USD per person | +30.3% |
| 1974 | 21.23 current USD per person | +20.4% |
| 1975 | 19.15 current USD per person | -9.8% |
| 1976 | 24.33 current USD per person | +27.1% |
| 1977 | 26.18 current USD per person | +7.6% |
| 1978 | 29.23 current USD per person | +11.7% |
| 1979 | 36.48 current USD per person | +24.8% |
| 1980 | 42.44 current USD per person | +16.3% |
| 1981 | 44.99 current USD per person | +6.0% |
| 1982 | 35.93 current USD per person | -20.1% |
| 1983 | 32.23 current USD per person | -10.3% |
| 1984 | 29.31 current USD per person | -9.1% |
| 1985 | 26.91 current USD per person | -8.2% |
| 1986 | 26.87 current USD per person | -0.2% |
| 1987 | 31.24 current USD per person | +16.3% |
| 1988 | 34.46 current USD per person | +10.3% |
| 1989 | 38.52 current USD per person | +11.8% |
| 1990 | 41.7 current USD per person | +8.3% |
| 1991 | 35.61 current USD per person | -14.6% |
| 1992 | 34.26 current USD per person | -3.8% |
| 1993 | 41.33 current USD per person | +20.6% |
| 1994 | 50.94 current USD per person | +23.3% |
| 1995 | 59.48 current USD per person | +16.7% |
| 1996 | 60.46 current USD per person | +1.7% |
| 1997 | 58.98 current USD per person | -2.4% |
| 1998 | 59.79 current USD per person | +1.4% |
| 1999 | 49.6 current USD per person | -17.0% |
| 2000 | 52.36 current USD per person | +5.6% |
| 2001 | 51.8 current USD per person | -1.1% |
| 2002 | 42.75 current USD per person | -17.5% |
| 2003 | 40.96 current USD per person | -4.2% |
| 2004 | 45.89 current USD per person | +12.0% |
| 2005 | 58.92 current USD per person | +28.4% |
| 2006 | 67.55 current USD per person | +14.7% |
| 2007 | 81.96 current USD per person | +21.3% |
| 2008 | 98.17 current USD per person | +19.8% |
| 2009 | 96.73 current USD per person | -1.5% |
| 2010 | 116.88 current USD per person | +20.8% |
| 2011 | 124.26 current USD per person | +6.3% |
| 2012 | 125.5 current USD per person | +1.0% |
| 2013 | 129.32 current USD per person | +3.0% |
| 2014 | 118.64 current USD per person | -8.3% |
| 2015 | 95.91 current USD per person | -19.2% |
| 2016 | 90.69 current USD per person | -5.4% |
| 2017 | 105.64 current USD per person | +16.5% |
| 2018 | 100.61 current USD per person | -4.8% |
| 2019 | 94.47 current USD per person | -6.1% |
| 2020 | 84.4 current USD per person | -10.7% |
| 2021 | 86.12 current USD per person | +2.0% |
| 2022 | 91.14 current USD per person | +5.8% |
| 2023 | 100.87 current USD per person | +10.7% |
| 2024 | 110.81 current USD per person | +9.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.69 current USD per person | 4.24 current USD per person | 8.25 current USD per person | 10 |
| 1970s | 20.97 current USD per person | 10.03 current USD per person | 36.48 current USD per person | 10 |
| 1980s | 34.29 current USD per person | 26.87 current USD per person | 44.99 current USD per person | 10 |
| 1990s | 49.22 current USD per person | 34.26 current USD per person | 60.46 current USD per person | 10 |
| 2000s | 63.71 current USD per person | 40.96 current USD per person | 98.17 current USD per person | 10 |
| 2010s | 110.19 current USD per person | 90.69 current USD per person | 129.32 current USD per person | 10 |
| 2020s | 94.67 current USD per person | 84.4 current USD per person | 110.81 current USD per person | 5 |
Countries ranked near Latin America & Caribbean
- 18 Oman 1,134 current USD per person compare
- 19 Germany 1,059 current USD per person compare
- 20 Estonia 1,051 current USD per person compare
- 21 Poland 1,039 current USD per person compare
- 22 Russia 1,037 current USD per person compare
- 23 France 943.45 current USD per person compare
- 24 South Korea 919.23 current USD per person 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 unit of GDP 0.0104 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 10.62 % change on previous year (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), per capita in Latin America & Caribbean?
- Military expenditure (current usd), per capita in Latin America & Caribbean was 110.81 current USD per person in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), per capita recorded in Latin America & Caribbean?
- The highest recorded value was 129.32 current USD per person in 2013.
- What is the lowest military expenditure (current usd), per capita recorded in Latin America & Caribbean?
- The lowest recorded value was 4.24 current USD per person in 1961.
- How does Latin America & Caribbean rank for military expenditure (current usd), per capita?
- Latin America & Caribbean ranks 21st out of 41 groups with data for 2024.
- Is military expenditure (current usd), per capita rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 6.6%. 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), per capita. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Military expenditure (current USD) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Military expenditure (current USD) ÷ Population, total
Computed from
- Military expenditure SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
- Population, total World Population Prospects, United Nations (UN)
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) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.