Military expenditure (current USD) in Argentina
Argentina: Military expenditure was 4.18 billion current USD in 2024. ◆ Volatile
Latest (2024)
4.18 billion current USD
Change on year
down 14.4%
World rank
52nd
of 168 countries
All-time high
6.48 billion current USD
in 1980
All-time low
0 current USD
in 1960
Years of data
65
1960–2024
Military expenditure in Argentina, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Argentina stood at 4.18 billion current USD.
The figure is down 14.4% on the previous year and down 16.1% over ten years.
Over the whole period, military expenditure in Argentina peaked at 6.48 billion current USD in 1980 and was at its lowest, 0 current USD, in 1960.
Argentina ranks 52nd of 168 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure in Argentina, year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 0 current USD | — |
| 1961 | 0 current USD | — |
| 1962 | 305.16 million current USD | — |
| 1963 | 242.22 million current USD | -20.6% |
| 1964 | 245.74 million current USD | +1.5% |
| 1965 | 252.41 million current USD | +2.7% |
| 1966 | 279.23 million current USD | +10.6% |
| 1967 | 251.93 million current USD | -9.8% |
| 1968 | 337.14 million current USD | +33.8% |
| 1969 | 442.86 million current USD | +31.4% |
| 1970 | 445.71 million current USD | +0.6% |
| 1971 | 519.72 million current USD | +16.6% |
| 1972 | 766.00 million current USD | +47.4% |
| 1973 | 1.29 billion current USD | +68.9% |
| 1974 | 1.63 billion current USD | +25.7% |
| 1975 | 798.36 million current USD | -50.9% |
| 1976 | 2.05 billion current USD | +156.8% |
| 1977 | 2.06 billion current USD | +0.4% |
| 1978 | 3.10 billion current USD | +50.8% |
| 1979 | 5.06 billion current USD | +62.9% |
| 1980 | 6.48 billion current USD | +28.1% |
| 1981 | 5.88 billion current USD | -9.2% |
| 1982 | 2.28 billion current USD | -61.2% |
| 1983 | 2.85 billion current USD | +24.9% |
| 1984 | 2.53 billion current USD | -11.2% |
| 1985 | 2.03 billion current USD | -19.8% |
| 1986 | 2.45 billion current USD | +20.8% |
| 1987 | 2.49 billion current USD | +1.5% |
| 1988 | 2.70 billion current USD | +8.5% |
| 1989 | 1.44 billion current USD | -46.6% |
| 1990 | 2.05 billion current USD | +42.3% |
| 1991 | 2.86 billion current USD | +39.4% |
| 1992 | 3.25 billion current USD | +13.8% |
| 1993 | 3.37 billion current USD | +3.5% |
| 1994 | 3.75 billion current USD | +11.5% |
| 1995 | 3.80 billion current USD | +1.3% |
| 1996 | 3.38 billion current USD | -11.1% |
| 1997 | 3.34 billion current USD | -1.1% |
| 1998 | 3.40 billion current USD | +1.7% |
| 1999 | 3.46 billion current USD | +1.9% |
| 2000 | 3.27 billion current USD | -5.6% |
| 2001 | 3.18 billion current USD | -2.5% |
| 2002 | 1.11 billion current USD | -65.0% |
| 2003 | 1.37 billion current USD | +23.4% |
| 2004 | 1.47 billion current USD | +6.6% |
| 2005 | 1.70 billion current USD | +15.9% |
| 2006 | 1.85 billion current USD | +8.7% |
| 2007 | 2.30 billion current USD | +24.3% |
| 2008 | 2.79 billion current USD | +21.4% |
| 2009 | 2.98 billion current USD | +6.9% |
| 2010 | 3.48 billion current USD | +16.6% |
| 2011 | 4.05 billion current USD | +16.6% |
| 2012 | 4.56 billion current USD | +12.6% |
| 2013 | 5.14 billion current USD | +12.6% |
| 2014 | 4.98 billion current USD | -3.1% |
| 2015 | 5.48 billion current USD | +10.1% |
| 2016 | 4.51 billion current USD | -17.7% |
| 2017 | 5.46 billion current USD | +21.1% |
| 2018 | 3.84 billion current USD | -29.6% |
| 2019 | 3.13 billion current USD | -18.5% |
| 2020 | 2.83 billion current USD | -9.6% |
| 2021 | 3.07 billion current USD | +8.6% |
| 2022 | 4.34 billion current USD | +41.2% |
| 2023 | 4.88 billion current USD | +12.5% |
| 2024 | 4.18 billion current USD | -14.4% |
Argentina compared with similar countries
- Argentina's 4.18 billion current USD is above the median for upper middle income countries, which is 1.38 billion current USD, 3.0× the median. (48 countries reporting)
- Argentina's 4.18 billion current USD is above the median for Latin America & Caribbean, which is 420.19 million current USD, 9.9× the median. (24 countries reporting)
Biggest year-on-year movements
Years where Military expenditure in Argentina changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1976 | +156.8% | 798.36 million current USD | 2.05 billion current USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 235.67 million current USD | 0 current USD | 442.86 million current USD | 10 |
| 1970s | 1.77 billion current USD | 445.71 million current USD | 5.06 billion current USD | 10 |
| 1980s | 3.11 billion current USD | 1.44 billion current USD | 6.48 billion current USD | 10 |
| 1990s | 3.27 billion current USD | 2.05 billion current USD | 3.80 billion current USD | 10 |
| 2000s | 2.20 billion current USD | 1.11 billion current USD | 3.27 billion current USD | 10 |
| 2010s | 4.46 billion current USD | 3.13 billion current USD | 5.48 billion current USD | 10 |
| 2020s | 3.86 billion current USD | 2.83 billion current USD | 4.88 billion current USD | 5 |
Countries ranked near Argentina
- 49 Hungary 4.73 billion current USD compare
- 50 Portugal 4.64 billion current USD compare
- 51 Malaysia 4.31 billion current USD compare
- 53 Bangladesh 4.03 billion current USD compare
- 54 Azerbaijan 3.78 billion current USD compare
- 55 New Zealand 3.00 billion current USD compare
More public sector data for Argentina
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military expenditure in Argentina?
- Military expenditure in Argentina was 4.18 billion current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Argentina?
- The highest recorded value was 6.48 billion current USD in 1980.
- What is the lowest military expenditure recorded in Argentina?
- The lowest recorded value was 0 current USD in 1960.
- How does Argentina rank for military expenditure?
- Argentina ranks 52nd out of 168 countries with data for 2024.
- Is military expenditure rising or falling in Argentina?
- Over the last ten years it is down 16.1%. The long-run trend across the full record is volatile.
- Where does this Argentina data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)