Military expenditure (current USD), per unit of GDP in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Military expenditure (current USD), per unit of GDP was 0.0109 current USD per US$ of GDP in 2024. ▼ Falling
Latest (2024)
0.0109 current USD per US$ of GDP
Change on year
up 7.9%
Rank
39th
of 41 groups
All-time high
0.0211 current USD per US$ of GDP
in 1979
All-time low
0.0101 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 & the Caribbean (IDA & IBRD countries), 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 & the Caribbean (IDA & IBRD countries) is 0.0109 current USD per US$ of GDP, measured in 2024.
That represents a change of up 7.9% on the previous year and down 10.1% over ten years.
Over the whole period, military expenditure (current usd), per unit of gdp in Latin America & the Caribbean (IDA & IBRD countries) peaked at 0.0211 current USD per US$ of GDP in 1979 and was at its lowest, 0.0101 current USD per US$ of GDP, in 2023.
That places Latin America & the Caribbean (IDA & IBRD countries) 39th 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 & the Caribbean (IDA & IBRD countries), year by year
| Year | current USD per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.014 current USD per US$ of GDP | — |
| 1961 | 0.0116 current USD per US$ of GDP | -17.4% |
| 1962 | 0.017 current USD per US$ of GDP | +47.2% |
| 1963 | 0.0166 current USD per US$ of GDP | -2.4% |
| 1964 | 0.0142 current USD per US$ of GDP | -14.6% |
| 1965 | 0.0163 current USD per US$ of GDP | +15.0% |
| 1966 | 0.016 current USD per US$ of GDP | -1.6% |
| 1967 | 0.0169 current USD per US$ of GDP | +5.3% |
| 1968 | 0.0155 current USD per US$ of GDP | -8.2% |
| 1969 | 0.0153 current USD per US$ of GDP | -1.4% |
| 1970 | 0.0175 current USD per US$ of GDP | +14.3% |
| 1971 | 0.019 current USD per US$ of GDP | +9.0% |
| 1972 | 0.0198 current USD per US$ of GDP | +4.1% |
| 1973 | 0.0197 current USD per US$ of GDP | -0.5% |
| 1974 | 0.0186 current USD per US$ of GDP | -5.7% |
| 1975 | 0.0164 current USD per US$ of GDP | -11.7% |
| 1976 | 0.0195 current USD per US$ of GDP | +18.4% |
| 1977 | 0.0195 current USD per US$ of GDP | +0.0% |
| 1978 | 0.0186 current USD per US$ of GDP | -4.6% |
| 1979 | 0.0211 current USD per US$ of GDP | +13.8% |
| 1980 | 0.0205 current USD per US$ of GDP | -2.8% |
| 1981 | 0.0194 current USD per US$ of GDP | -5.5% |
| 1982 | 0.0173 current USD per US$ of GDP | -10.8% |
| 1983 | 0.0181 current USD per US$ of GDP | +4.9% |
| 1984 | 0.0161 current USD per US$ of GDP | -11.5% |
| 1985 | 0.0152 current USD per US$ of GDP | -5.1% |
| 1986 | 0.0154 current USD per US$ of GDP | +1.0% |
| 1987 | 0.017 current USD per US$ of GDP | +10.5% |
| 1988 | 0.0174 current USD per US$ of GDP | +2.5% |
| 1989 | 0.0179 current USD per US$ of GDP | +2.7% |
| 1990 | 0.0178 current USD per US$ of GDP | -0.6% |
| 1991 | 0.0142 current USD per US$ of GDP | -20.0% |
| 1992 | 0.0127 current USD per US$ of GDP | -10.7% |
| 1993 | 0.0131 current USD per US$ of GDP | +3.2% |
| 1994 | 0.0141 current USD per US$ of GDP | +7.2% |
| 1995 | 0.0154 current USD per US$ of GDP | +9.7% |
| 1996 | 0.0147 current USD per US$ of GDP | -4.9% |
| 1997 | 0.0133 current USD per US$ of GDP | -9.7% |
| 1998 | 0.0135 current USD per US$ of GDP | +2.0% |
| 1999 | 0.0127 current USD per US$ of GDP | -6.1% |
| 2000 | 0.0123 current USD per US$ of GDP | -3.1% |
| 2001 | 0.0126 current USD per US$ of GDP | +2.8% |
| 2002 | 0.0119 current USD per US$ of GDP | -6.2% |
| 2003 | 0.0112 current USD per US$ of GDP | -5.8% |
| 2004 | 0.0111 current USD per US$ of GDP | -0.7% |
| 2005 | 0.0119 current USD per US$ of GDP | +7.0% |
| 2006 | 0.0117 current USD per US$ of GDP | -1.3% |
| 2007 | 0.0122 current USD per US$ of GDP | +3.8% |
| 2008 | 0.0126 current USD per US$ of GDP | +3.8% |
| 2009 | 0.0134 current USD per US$ of GDP | +6.5% |
| 2010 | 0.0132 current USD per US$ of GDP | -2.1% |
| 2011 | 0.0124 current USD per US$ of GDP | -5.7% |
| 2012 | 0.0125 current USD per US$ of GDP | +1.1% |
| 2013 | 0.013 current USD per US$ of GDP | +3.3% |
| 2014 | 0.0121 current USD per US$ of GDP | -6.8% |
| 2015 | 0.0117 current USD per US$ of GDP | -3.3% |
| 2016 | 0.0115 current USD per US$ of GDP | -1.7% |
| 2017 | 0.0121 current USD per US$ of GDP | +5.6% |
| 2018 | 0.0119 current USD per US$ of GDP | -1.5% |
| 2019 | 0.0116 current USD per US$ of GDP | -3.0% |
| 2020 | 0.0124 current USD per US$ of GDP | +7.2% |
| 2021 | 0.0109 current USD per US$ of GDP | -12.0% |
| 2022 | 0.0102 current USD per US$ of GDP | -6.9% |
| 2023 | 0.0101 current USD per US$ of GDP | -1.0% |
| 2024 | 0.0109 current USD per US$ of GDP | +7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0153 current USD per US$ of GDP | 0.0116 current USD per US$ of GDP | 0.017 current USD per US$ of GDP | 10 |
| 1970s | 0.019 current USD per US$ of GDP | 0.0164 current USD per US$ of GDP | 0.0211 current USD per US$ of GDP | 10 |
| 1980s | 0.0174 current USD per US$ of GDP | 0.0152 current USD per US$ of GDP | 0.0205 current USD per US$ of GDP | 10 |
| 1990s | 0.0141 current USD per US$ of GDP | 0.0127 current USD per US$ of GDP | 0.0178 current USD per US$ of GDP | 10 |
| 2000s | 0.0121 current USD per US$ of GDP | 0.0111 current USD per US$ of GDP | 0.0134 current USD per US$ of GDP | 10 |
| 2010s | 0.0122 current USD per US$ of GDP | 0.0115 current USD per US$ of GDP | 0.0132 current USD per US$ of GDP | 10 |
| 2020s | 0.0109 current USD per US$ of GDP | 0.0101 current USD per US$ of GDP | 0.0124 current USD per US$ of GDP | 5 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
- 36 Pakistan 0.0273 current USD per US$ of GDP compare
- 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
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), 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 unit of gdp in Latin America & the Caribbean (IDA & IBRD countries)?
- Military expenditure (current usd), per unit of gdp in Latin America & the Caribbean (IDA & IBRD countries) was 0.0109 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 & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 0.0211 current USD per US$ of GDP in 1979.
- What is the lowest military expenditure (current usd), per unit of gdp recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 0.0101 current USD per US$ of GDP in 2023.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for military expenditure (current usd), per unit of gdp?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 39th out of 41 groups with data for 2024.
- Is military expenditure (current usd), per unit of gdp rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is down 10.1%. The long-run trend across the full record is falling.
- 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 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.