Military expenditure (current USD) in Chile
Chile: Military expenditure was 5.11 billion current USD in 2024. ◆ Volatile
Latest (2024)
5.11 billion current USD
Change on year
down 6.7%
World rank
47th
of 168 countries
All-time high
5.69 billion current USD
in 2011
All-time low
126.79 million current USD
in 1960
Years of data
65
1960–2024
Military expenditure in Chile, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
Chile recorded 5.11 billion current USD for military expenditure in 2024.
That represents a change of down 6.7% on the previous year and up 0.1% over ten years.
Over the whole period, military expenditure in Chile peaked at 5.69 billion current USD in 2011 and was at its lowest, 126.79 million current USD, in 1960.
Chile ranks 47th 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 Chile, year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 126.79 million current USD | — |
| 1961 | 160.93 million current USD | +26.9% |
| 1962 | 162.63 million current USD | +1.1% |
| 1963 | 152.92 million current USD | -6.0% |
| 1964 | 149.95 million current USD | -1.9% |
| 1965 | 168.22 million current USD | +12.2% |
| 1966 | 186.70 million current USD | +11.0% |
| 1967 | 182.71 million current USD | -2.1% |
| 1968 | 173.78 million current USD | -4.9% |
| 1969 | 179.98 million current USD | +3.6% |
| 1970 | 388.38 million current USD | +115.8% |
| 1971 | 651.59 million current USD | +67.8% |
| 1972 | 745.66 million current USD | +14.4% |
| 1973 | 1.01 billion current USD | +34.9% |
| 1974 | 1.10 billion current USD | +9.7% |
| 1975 | 486.72 million current USD | -55.9% |
| 1976 | 599.81 million current USD | +23.2% |
| 1977 | 924.04 million current USD | +54.1% |
| 1978 | 1.04 billion current USD | +12.1% |
| 1979 | 1.31 billion current USD | +26.7% |
| 1980 | 1.79 billion current USD | +36.1% |
| 1981 | 2.29 billion current USD | +28.3% |
| 1982 | 2.16 billion current USD | -5.7% |
| 1983 | 1.50 billion current USD | -30.7% |
| 1984 | 1.46 billion current USD | -2.4% |
| 1985 | 1.14 billion current USD | -22.2% |
| 1986 | 1.11 billion current USD | -2.0% |
| 1987 | 1.17 billion current USD | +4.7% |
| 1988 | 999.95 million current USD | -14.3% |
| 1989 | 988.93 million current USD | -1.1% |
| 1990 | 1.03 billion current USD | +4.3% |
| 1991 | 1.04 billion current USD | +0.6% |
| 1992 | 1.17 billion current USD | +12.6% |
| 1993 | 1.29 billion current USD | +10.5% |
| 1994 | 1.47 billion current USD | +13.6% |
| 1995 | 1.83 billion current USD | +24.7% |
| 1996 | 1.90 billion current USD | +4.2% |
| 1997 | 2.12 billion current USD | +11.4% |
| 1998 | 2.11 billion current USD | -0.4% |
| 1999 | 2.04 billion current USD | -3.3% |
| 2000 | 2.10 billion current USD | +3.0% |
| 2001 | 1.89 billion current USD | -10.0% |
| 2002 | 1.78 billion current USD | -6.0% |
| 2003 | 2.07 billion current USD | +16.2% |
| 2004 | 2.69 billion current USD | +29.9% |
| 2005 | 3.10 billion current USD | +15.4% |
| 2006 | 3.86 billion current USD | +24.4% |
| 2007 | 4.02 billion current USD | +4.3% |
| 2008 | 4.64 billion current USD | +15.4% |
| 2009 | 3.90 billion current USD | -15.9% |
| 2010 | 4.89 billion current USD | +25.4% |
| 2011 | 5.69 billion current USD | +16.2% |
| 2012 | 5.47 billion current USD | -3.9% |
| 2013 | 5.53 billion current USD | +1.2% |
| 2014 | 5.10 billion current USD | -7.7% |
| 2015 | 4.63 billion current USD | -9.3% |
| 2016 | 4.80 billion current USD | +3.6% |
| 2017 | 5.37 billion current USD | +12.0% |
| 2018 | 5.55 billion current USD | +3.3% |
| 2019 | 5.18 billion current USD | -6.6% |
| 2020 | 5.25 billion current USD | +1.2% |
| 2021 | 5.19 billion current USD | -1.0% |
| 2022 | 4.65 billion current USD | -10.5% |
| 2023 | 5.47 billion current USD | +17.7% |
| 2024 | 5.11 billion current USD | -6.7% |
Chile compared with similar countries
- Chile's 5.11 billion current USD is below the median for high income countries, which is 6.62 billion current USD, 77% of the median. (54 countries reporting)
- Chile's 5.11 billion current USD is above the median for Latin America & Caribbean, which is 420.19 million current USD, 12.2× the median. (24 countries reporting)
Biggest year-on-year movements
Years where Military expenditure in Chile 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 |
|---|---|---|---|
| 1970 | +115.8% | 179.98 million current USD | 388.38 million current USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 164.46 million current USD | 126.79 million current USD | 186.70 million current USD | 10 |
| 1970s | 825.44 million current USD | 388.38 million current USD | 1.31 billion current USD | 10 |
| 1980s | 1.46 billion current USD | 988.93 million current USD | 2.29 billion current USD | 10 |
| 1990s | 1.60 billion current USD | 1.03 billion current USD | 2.12 billion current USD | 10 |
| 2000s | 3.01 billion current USD | 1.78 billion current USD | 4.64 billion current USD | 10 |
| 2010s | 5.22 billion current USD | 4.63 billion current USD | 5.69 billion current USD | 10 |
| 2020s | 5.13 billion current USD | 4.65 billion current USD | 5.47 billion current USD | 5 |
Countries ranked near Chile
More public sector data for Chile
- 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 Chile?
- Military expenditure in Chile was 5.11 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 Chile?
- The highest recorded value was 5.69 billion current USD in 2011.
- What is the lowest military expenditure recorded in Chile?
- The lowest recorded value was 126.79 million current USD in 1960.
- How does Chile rank for military expenditure?
- Chile ranks 47th out of 168 countries with data for 2024.
- Is military expenditure rising or falling in Chile?
- Over the last ten years it is up 0.1%. The long-run trend across the full record is volatile.
- Where does this Chile 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)