Military expenditure (current USD), per unit of GDP in Latin America & Caribbean
Latin America & Caribbean: Military expenditure (current USD), per unit of GDP was 0.0104 current USD per US$ of GDP in 2024. ▼ Falling
Latest (2024)
0.0104 current USD per US$ of GDP
Change on year
up 7.8%
Rank
41st
of 41 groups
All-time high
0.0199 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, 1960–2024
Source: Statizoid (derived). Measured in current USD per US$ of GDP.
Analysis
In 2024, military expenditure (current usd), per unit of gdp in Latin America & Caribbean stood at 0.0104 current USD per US$ of GDP.
Compared with earlier readings it is up 7.8% on the previous year and down 11.5% over ten years.
Over the whole period, military expenditure (current usd), per unit of gdp in Latin America & Caribbean peaked at 0.0199 current USD per US$ of GDP in 1979 and was at its lowest, 0.0096 current USD per US$ of GDP, in 2023.
Latin America & Caribbean ranks 41st of 41 groups on this measure, 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, year by year
| Year | current USD per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.0131 current USD per US$ of GDP | — |
| 1961 | 0.0109 current USD per US$ of GDP | -17.4% |
| 1962 | 0.016 current USD per US$ of GDP | +46.9% |
| 1963 | 0.0156 current USD per US$ of GDP | -2.5% |
| 1964 | 0.0133 current USD per US$ of GDP | -14.6% |
| 1965 | 0.0153 current USD per US$ of GDP | +14.9% |
| 1966 | 0.015 current USD per US$ of GDP | -1.6% |
| 1967 | 0.0158 current USD per US$ of GDP | +5.1% |
| 1968 | 0.0145 current USD per US$ of GDP | -8.4% |
| 1969 | 0.0142 current USD per US$ of GDP | -1.4% |
| 1970 | 0.0163 current USD per US$ of GDP | +14.2% |
| 1971 | 0.0177 current USD per US$ of GDP | +8.7% |
| 1972 | 0.0184 current USD per US$ of GDP | +3.9% |
| 1973 | 0.0184 current USD per US$ of GDP | +0.3% |
| 1974 | 0.0175 current USD per US$ of GDP | -4.8% |
| 1975 | 0.0155 current USD per US$ of GDP | -11.9% |
| 1976 | 0.0183 current USD per US$ of GDP | +18.6% |
| 1977 | 0.0184 current USD per US$ of GDP | +0.2% |
| 1978 | 0.0175 current USD per US$ of GDP | -4.6% |
| 1979 | 0.0199 current USD per US$ of GDP | +13.8% |
| 1980 | 0.0195 current USD per US$ of GDP | -2.2% |
| 1981 | 0.0185 current USD per US$ of GDP | -5.2% |
| 1982 | 0.0164 current USD per US$ of GDP | -11.3% |
| 1983 | 0.017 current USD per US$ of GDP | +3.9% |
| 1984 | 0.015 current USD per US$ of GDP | -11.7% |
| 1985 | 0.0142 current USD per US$ of GDP | -5.2% |
| 1986 | 0.0143 current USD per US$ of GDP | +0.6% |
| 1987 | 0.0158 current USD per US$ of GDP | +10.5% |
| 1988 | 0.0162 current USD per US$ of GDP | +2.5% |
| 1989 | 0.0168 current USD per US$ of GDP | +3.2% |
| 1990 | 0.0167 current USD per US$ of GDP | -0.4% |
| 1991 | 0.0134 current USD per US$ of GDP | -19.4% |
| 1992 | 0.0121 current USD per US$ of GDP | -10.3% |
| 1993 | 0.0125 current USD per US$ of GDP | +3.8% |
| 1994 | 0.0134 current USD per US$ of GDP | +7.3% |
| 1995 | 0.0147 current USD per US$ of GDP | +9.8% |
| 1996 | 0.0141 current USD per US$ of GDP | -4.5% |
| 1997 | 0.0127 current USD per US$ of GDP | -9.6% |
| 1998 | 0.0129 current USD per US$ of GDP | +1.7% |
| 1999 | 0.0121 current USD per US$ of GDP | -6.8% |
| 2000 | 0.0117 current USD per US$ of GDP | -3.0% |
| 2001 | 0.012 current USD per US$ of GDP | +2.3% |
| 2002 | 0.0111 current USD per US$ of GDP | -7.0% |
| 2003 | 0.0106 current USD per US$ of GDP | -4.7% |
| 2004 | 0.0105 current USD per US$ of GDP | -1.4% |
| 2005 | 0.0113 current USD per US$ of GDP | +7.7% |
| 2006 | 0.0112 current USD per US$ of GDP | -0.9% |
| 2007 | 0.0116 current USD per US$ of GDP | +4.3% |
| 2008 | 0.0122 current USD per US$ of GDP | +4.3% |
| 2009 | 0.0129 current USD per US$ of GDP | +6.2% |
| 2010 | 0.0127 current USD per US$ of GDP | -1.4% |
| 2011 | 0.012 current USD per US$ of GDP | -5.5% |
| 2012 | 0.0122 current USD per US$ of GDP | +1.1% |
| 2013 | 0.0125 current USD per US$ of GDP | +3.3% |
| 2014 | 0.0117 current USD per US$ of GDP | -6.8% |
| 2015 | 0.0112 current USD per US$ of GDP | -4.0% |
| 2016 | 0.011 current USD per US$ of GDP | -1.9% |
| 2017 | 0.0117 current USD per US$ of GDP | +5.9% |
| 2018 | 0.0115 current USD per US$ of GDP | -1.6% |
| 2019 | 0.0111 current USD per US$ of GDP | -3.5% |
| 2020 | 0.0118 current USD per US$ of GDP | +6.4% |
| 2021 | 0.0104 current USD per US$ of GDP | -11.8% |
| 2022 | 0.0097 current USD per US$ of GDP | -6.8% |
| 2023 | 0.0096 current USD per US$ of GDP | -0.9% |
| 2024 | 0.0104 current USD per US$ of GDP | +7.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0144 current USD per US$ of GDP | 0.0109 current USD per US$ of GDP | 0.016 current USD per US$ of GDP | 10 |
| 1970s | 0.0178 current USD per US$ of GDP | 0.0155 current USD per US$ of GDP | 0.0199 current USD per US$ of GDP | 10 |
| 1980s | 0.0164 current USD per US$ of GDP | 0.0142 current USD per US$ of GDP | 0.0195 current USD per US$ of GDP | 10 |
| 1990s | 0.0135 current USD per US$ of GDP | 0.0121 current USD per US$ of GDP | 0.0167 current USD per US$ of GDP | 10 |
| 2000s | 0.0115 current USD per US$ of GDP | 0.0105 current USD per US$ of GDP | 0.0129 current USD per US$ of GDP | 10 |
| 2010s | 0.0118 current USD per US$ of GDP | 0.011 current USD per US$ of GDP | 0.0127 current USD per US$ of GDP | 10 |
| 2020s | 0.0104 current USD per US$ of GDP | 0.0096 current USD per US$ of GDP | 0.0118 current USD per US$ of GDP | 5 |
Countries ranked near Latin America & Caribbean
- 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 Republic of Korea 0.0254 current USD per US$ of GDP compare
- 44 Timor-Leste 0.0249 current USD per US$ of GDP 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 capita 110.81 current USD per person (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 unit of gdp in Latin America & Caribbean?
- Military expenditure (current usd), per unit of gdp in Latin America & Caribbean was 0.0104 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?
- The highest recorded value was 0.0199 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?
- The lowest recorded value was 0.0096 current USD per US$ of GDP in 2023.
- How does Latin America & Caribbean rank for military expenditure (current usd), per unit of gdp?
- Latin America & Caribbean ranks 41st out of 41 groups with data for 2024.
- Is military expenditure (current usd), per unit of gdp rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 11.5%. The long-run trend across the full record is falling.
- Where does this Latin America & Caribbean 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
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) 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.