Military expenditure (current USD), per unit of GDP in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Military expenditure (current USD), per unit of GDP was 0.0105 current USD per US$ of GDP in 2024. ▼ Falling
Latest (2024)
0.0105 current USD per US$ of GDP
Change on year
up 9.3%
Rank
40th
of 41 groups
All-time high
0.0192 current USD per US$ of GDP
in 1979
All-time low
0.0096 current USD per US$ of GDP
in 2023
Years of data
65
1960–2024
Military expenditure (current USD), per unit of GDP in Latin America & Caribbean (excluding high income), 1960–2024
Source: Statizoid (derived). Measured in current USD per US$ of GDP.
Analysis
The most recent figure for military expenditure (current usd), per unit of gdp in Latin America & Caribbean (excluding high income) is 0.0105 current USD per US$ of GDP, measured in 2024.
The figure is up 9.3% on the previous year and down 10.6% over ten years.
Over the whole period, military expenditure (current usd), per unit of gdp in Latin America & Caribbean (excluding high income) peaked at 0.0192 current USD per US$ of GDP in 1979 and was at its lowest, 0.0096 current USD per US$ of GDP, in 2023.
That places Latin America & Caribbean (excluding high income) 40th out of 41 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 65 years of available data.
Military expenditure (current USD), per unit of GDP in Latin America & Caribbean (excluding high income), year by year
| Year | current USD per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.0131 current USD per US$ of GDP | — |
| 1961 | 0.0103 current USD per US$ of GDP | -21.4% |
| 1962 | 0.0164 current USD per US$ of GDP | +58.9% |
| 1963 | 0.016 current USD per US$ of GDP | -2.1% |
| 1964 | 0.0136 current USD per US$ of GDP | -15.1% |
| 1965 | 0.0157 current USD per US$ of GDP | +15.6% |
| 1966 | 0.0155 current USD per US$ of GDP | -1.8% |
| 1967 | 0.0164 current USD per US$ of GDP | +6.0% |
| 1968 | 0.015 current USD per US$ of GDP | -8.6% |
| 1969 | 0.0149 current USD per US$ of GDP | -0.5% |
| 1970 | 0.016 current USD per US$ of GDP | +7.2% |
| 1971 | 0.0164 current USD per US$ of GDP | +2.7% |
| 1972 | 0.0168 current USD per US$ of GDP | +2.2% |
| 1973 | 0.0166 current USD per US$ of GDP | -1.0% |
| 1974 | 0.0156 current USD per US$ of GDP | -5.7% |
| 1975 | 0.0148 current USD per US$ of GDP | -5.1% |
| 1976 | 0.0179 current USD per US$ of GDP | +20.9% |
| 1977 | 0.0175 current USD per US$ of GDP | -2.4% |
| 1978 | 0.0167 current USD per US$ of GDP | -4.6% |
| 1979 | 0.0192 current USD per US$ of GDP | +14.8% |
| 1980 | 0.0183 current USD per US$ of GDP | -4.4% |
| 1981 | 0.0166 current USD per US$ of GDP | -9.2% |
| 1982 | 0.0142 current USD per US$ of GDP | -14.6% |
| 1983 | 0.016 current USD per US$ of GDP | +12.8% |
| 1984 | 0.0141 current USD per US$ of GDP | -12.2% |
| 1985 | 0.0137 current USD per US$ of GDP | -2.9% |
| 1986 | 0.0138 current USD per US$ of GDP | +1.1% |
| 1987 | 0.0155 current USD per US$ of GDP | +12.2% |
| 1988 | 0.0163 current USD per US$ of GDP | +4.9% |
| 1989 | 0.0169 current USD per US$ of GDP | +4.2% |
| 1990 | 0.017 current USD per US$ of GDP | +0.1% |
| 1991 | 0.0136 current USD per US$ of GDP | -20.0% |
| 1992 | 0.012 current USD per US$ of GDP | -11.6% |
| 1993 | 0.0124 current USD per US$ of GDP | +3.7% |
| 1994 | 0.0135 current USD per US$ of GDP | +8.1% |
| 1995 | 0.0148 current USD per US$ of GDP | +10.4% |
| 1996 | 0.0141 current USD per US$ of GDP | -4.9% |
| 1997 | 0.0127 current USD per US$ of GDP | -10.4% |
| 1998 | 0.0129 current USD per US$ of GDP | +2.3% |
| 1999 | 0.012 current USD per US$ of GDP | -7.4% |
| 2000 | 0.0117 current USD per US$ of GDP | -2.6% |
| 2001 | 0.0121 current USD per US$ of GDP | +3.5% |
| 2002 | 0.0113 current USD per US$ of GDP | -6.6% |
| 2003 | 0.0106 current USD per US$ of GDP | -5.7% |
| 2004 | 0.0103 current USD per US$ of GDP | -2.8% |
| 2005 | 0.0112 current USD per US$ of GDP | +8.6% |
| 2006 | 0.011 current USD per US$ of GDP | -1.7% |
| 2007 | 0.0116 current USD per US$ of GDP | +5.6% |
| 2008 | 0.0121 current USD per US$ of GDP | +4.0% |
| 2009 | 0.0131 current USD per US$ of GDP | +8.1% |
| 2010 | 0.0128 current USD per US$ of GDP | -2.2% |
| 2011 | 0.012 current USD per US$ of GDP | -6.2% |
| 2012 | 0.0122 current USD per US$ of GDP | +1.9% |
| 2013 | 0.0127 current USD per US$ of GDP | +3.8% |
| 2014 | 0.0118 current USD per US$ of GDP | -7.0% |
| 2015 | 0.0114 current USD per US$ of GDP | -3.6% |
| 2016 | 0.0111 current USD per US$ of GDP | -2.3% |
| 2017 | 0.0118 current USD per US$ of GDP | +6.0% |
| 2018 | 0.0116 current USD per US$ of GDP | -1.8% |
| 2019 | 0.0112 current USD per US$ of GDP | -3.3% |
| 2020 | 0.0119 current USD per US$ of GDP | +6.0% |
| 2021 | 0.0105 current USD per US$ of GDP | -11.8% |
| 2022 | 0.0098 current USD per US$ of GDP | -6.3% |
| 2023 | 0.0096 current USD per US$ of GDP | -1.7% |
| 2024 | 0.0105 current USD per US$ of GDP | +9.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0147 current USD per US$ of GDP | 0.0103 current USD per US$ of GDP | 0.0164 current USD per US$ of GDP | 10 |
| 1970s | 0.0168 current USD per US$ of GDP | 0.0148 current USD per US$ of GDP | 0.0192 current USD per US$ of GDP | 10 |
| 1980s | 0.0156 current USD per US$ of GDP | 0.0137 current USD per US$ of GDP | 0.0183 current USD per US$ of GDP | 10 |
| 1990s | 0.0135 current USD per US$ of GDP | 0.012 current USD per US$ of GDP | 0.017 current USD per US$ of GDP | 10 |
| 2000s | 0.0115 current USD per US$ of GDP | 0.0103 current USD per US$ of GDP | 0.0131 current USD per US$ of GDP | 10 |
| 2010s | 0.0119 current USD per US$ of GDP | 0.0111 current USD per US$ of GDP | 0.0128 current USD per US$ of GDP | 10 |
| 2020s | 0.0105 current USD per US$ of GDP | 0.0096 current USD per US$ of GDP | 0.0119 current USD per US$ of GDP | 5 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 37 Namibia 0.0266 current USD per US$ of GDP compare
- 38 Singapore 0.0263 current USD per US$ of GDP compare
- 39 Kyrgyzstan 0.026 current USD per US$ of GDP compare
- 40 Central African Republic 0.0259 current USD per US$ of GDP compare
- 41 Serbia 0.0258 current USD per US$ of GDP compare
- 42 Tunisia 0.0256 current USD per US$ of GDP compare
- 43 Korea 0.0254 current USD per US$ of GDP 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), annual growth rate 12.04 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 66.10 billion current USD (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), per unit of gdp in Latin America & Caribbean (excluding high income)?
- Military expenditure (current usd), per unit of gdp in Latin America & Caribbean (excluding high income) was 0.0105 current USD per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), per unit of gdp recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 0.0192 current USD per US$ of GDP in 1979.
- What is the lowest military expenditure (current usd), per unit of gdp recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 0.0096 current USD per US$ of GDP in 2023.
- How does Latin America & Caribbean (excluding high income) rank for military expenditure (current usd), per unit of gdp?
- Latin America & Caribbean (excluding high income) ranks 40th out of 41 groups with data for 2024.
- Is military expenditure (current usd), per unit of gdp rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is down 10.6%. The long-run trend across the full record is falling.
- 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), per unit of GDP. 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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Military expenditure (current USD) ÷ GDP (current US$)
Computed from
- Military expenditure SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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 GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.