Military expenditure (current USD), per capita in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Military expenditure (current USD), per capita was 113.41 current USD per person in 2024. ◆ Volatile
Military expenditure (current USD), per capita in Latin America & the Caribbean (IDA & IBRD countries), 1960–2024
Source: Statizoid (derived). Measured in current USD per person.
Analysis
The most recent figure for military expenditure (current usd), per capita in Latin America & the Caribbean (IDA & IBRD countries) is 113.41 current USD per person, measured in 2024.
The figure is up 9.8% on the previous year and down 6.7% over ten years.
Over the whole period, military expenditure (current usd), per capita in Latin America & the Caribbean (IDA & IBRD countries) peaked at 132.59 current USD per person in 2013 and was at its lowest, 4.44 current USD per person, in 1961.
That places Latin America & the Caribbean (IDA & IBRD countries) 20th 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 & the Caribbean (IDA & IBRD countries), year by year
| Year | current USD per person | Change |
|---|---|---|
| 1960 | 4.99 current USD per person | — |
| 1961 | 4.44 current USD per person | -11.1% |
| 1962 | 6.66 current USD per person | +50.1% |
| 1963 | 6.87 current USD per person | +3.1% |
| 1964 | 6.34 current USD per person | -7.7% |
| 1965 | 7.61 current USD per person | +20.1% |
| 1966 | 8.03 current USD per person | +5.4% |
| 1967 | 8.38 current USD per person | +4.4% |
| 1968 | 8.03 current USD per person | -4.2% |
| 1969 | 8.62 current USD per person | +7.3% |
| 1970 | 10.47 current USD per person | +21.5% |
| 1971 | 12.38 current USD per person | +18.3% |
| 1972 | 14.12 current USD per person | +14.1% |
| 1973 | 18.4 current USD per person | +30.2% |
| 1974 | 22.14 current USD per person | +20.4% |
| 1975 | 19.96 current USD per person | -9.8% |
| 1976 | 25.35 current USD per person | +27.0% |
| 1977 | 27.25 current USD per person | +7.5% |
| 1978 | 30.41 current USD per person | +11.6% |
| 1979 | 37.94 current USD per person | +24.7% |
| 1980 | 44.11 current USD per person | +16.3% |
| 1981 | 46.73 current USD per person | +5.9% |
| 1982 | 37.3 current USD per person | -20.2% |
| 1983 | 33.45 current USD per person | -10.3% |
| 1984 | 30.4 current USD per person | -9.1% |
| 1985 | 27.9 current USD per person | -8.2% |
| 1986 | 27.85 current USD per person | -0.2% |
| 1987 | 32.36 current USD per person | +16.2% |
| 1988 | 35.68 current USD per person | +10.3% |
| 1989 | 39.87 current USD per person | +11.7% |
| 1990 | 43.16 current USD per person | +8.2% |
| 1991 | 36.84 current USD per person | -14.6% |
| 1992 | 35.43 current USD per person | -3.8% |
| 1993 | 42.72 current USD per person | +20.6% |
| 1994 | 52.65 current USD per person | +23.2% |
| 1995 | 61.44 current USD per person | +16.7% |
| 1996 | 62.43 current USD per person | +1.6% |
| 1997 | 60.88 current USD per person | -2.5% |
| 1998 | 61.7 current USD per person | +1.3% |
| 1999 | 51.17 current USD per person | -17.1% |
| 2000 | 53.99 current USD per person | +5.5% |
| 2001 | 53.4 current USD per person | -1.1% |
| 2002 | 44.05 current USD per person | -17.5% |
| 2003 | 41.64 current USD per person | -5.5% |
| 2004 | 47.14 current USD per person | +13.2% |
| 2005 | 60.52 current USD per person | +28.4% |
| 2006 | 69.39 current USD per person | +14.7% |
| 2007 | 84.18 current USD per person | +21.3% |
| 2008 | 100.81 current USD per person | +19.8% |
| 2009 | 99.29 current USD per person | -1.5% |
| 2010 | 119.97 current USD per person | +20.8% |
| 2011 | 127.52 current USD per person | +6.3% |
| 2012 | 128.7 current USD per person | +0.9% |
| 2013 | 132.59 current USD per person | +3.0% |
| 2014 | 121.57 current USD per person | -8.3% |
| 2015 | 98.22 current USD per person | -19.2% |
| 2016 | 92.83 current USD per person | -5.5% |
| 2017 | 108.13 current USD per person | +16.5% |
| 2018 | 102.91 current USD per person | -4.8% |
| 2019 | 96.82 current USD per person | -5.9% |
| 2020 | 86.47 current USD per person | -10.7% |
| 2021 | 88.21 current USD per person | +2.0% |
| 2022 | 93.32 current USD per person | +5.8% |
| 2023 | 103.26 current USD per person | +10.7% |
| 2024 | 113.41 current USD per person | +9.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7 current USD per person | 4.44 current USD per person | 8.62 current USD per person | 10 |
| 1970s | 21.84 current USD per person | 10.47 current USD per person | 37.94 current USD per person | 10 |
| 1980s | 35.57 current USD per person | 27.85 current USD per person | 46.73 current USD per person | 10 |
| 1990s | 50.84 current USD per person | 35.43 current USD per person | 62.43 current USD per person | 10 |
| 2000s | 65.44 current USD per person | 41.64 current USD per person | 100.81 current USD per person | 10 |
| 2010s | 112.93 current USD per person | 92.83 current USD per person | 132.59 current USD per person | 10 |
| 2020s | 96.93 current USD per person | 86.47 current USD per person | 113.41 current USD per person | 5 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
- 17 Sweden 1,139 current USD per person compare
- 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 Russian Federation 1,037 current USD per person compare
- 23 France 943.45 current USD per person 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 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)
- Military expenditure (current USD), gaps filled 73.38 billion current USD (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), per capita in Latin America & the Caribbean (IDA & IBRD countries)?
- Military expenditure (current usd), per capita in Latin America & the Caribbean (IDA & IBRD countries) was 113.41 current USD per person in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), per capita recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 132.59 current USD per person in 2013.
- What is the lowest military expenditure (current usd), per capita recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 4.44 current USD per person in 1961.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for military expenditure (current usd), per capita?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 20th out of 41 groups with data for 2024.
- Is military expenditure (current usd), per capita rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is down 6.7%. 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), per capita. Statizoid updates them automatically from the source API.
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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.