Military expenditure in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Military expenditure was 1.1% in 2024. ▼ Falling
Military expenditure in Latin America & Caribbean (excluding high income), 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in % of GDP.
Analysis
The most recent figure for military expenditure in Latin America & Caribbean (excluding high income) is 1.1%, measured in 2024.
That represents a change of up 8.0% on the previous year and down 12.2% over ten years.
Over the whole period, military expenditure in Latin America & Caribbean (excluding high income) peaked at 2.1% in 1962 and was at its lowest, 1.0%, in 2023.
Latin America & Caribbean (excluding high income) ranks 41st of 45 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 in Latin America & Caribbean (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 2.0% | — |
| 1961 | 1.8% | -6.6% |
| 1962 | 2.1% | +15.7% |
| 1963 | 1.9% | -8.6% |
| 1964 | 1.7% | -14.9% |
| 1965 | 1.9% | +15.5% |
| 1966 | 1.9% | -1.8% |
| 1967 | 2.0% | +8.2% |
| 1968 | 1.8% | -9.7% |
| 1969 | 1.9% | +1.5% |
| 1970 | 2.0% | +5.5% |
| 1971 | 2.0% | +0.0% |
| 1972 | 1.9% | -4.5% |
| 1973 | 1.8% | -5.2% |
| 1974 | 1.7% | -6.6% |
| 1975 | 1.8% | +10.1% |
| 1976 | 2.0% | +10.8% |
| 1977 | 2.1% | +1.7% |
| 1978 | 2.1% | +2.5% |
| 1979 | 1.8% | -15.0% |
| 1980 | 1.4% | -23.6% |
| 1981 | 1.4% | +0.6% |
| 1982 | 1.5% | +11.7% |
| 1983 | 1.7% | +11.7% |
| 1984 | 1.5% | -11.8% |
| 1985 | 1.5% | -3.1% |
| 1986 | 1.5% | +1.3% |
| 1987 | 1.7% | +14.1% |
| 1988 | 1.7% | +1.1% |
| 1989 | 2.0% | +14.9% |
| 1990 | 1.6% | -18.8% |
| 1991 | 1.4% | -13.8% |
| 1992 | 1.2% | -11.2% |
| 1993 | 1.3% | +3.9% |
| 1994 | 1.4% | +7.7% |
| 1995 | 1.5% | +10.2% |
| 1996 | 1.4% | -5.2% |
| 1997 | 1.3% | -10.5% |
| 1998 | 1.3% | +2.5% |
| 1999 | 1.2% | -7.1% |
| 2000 | 1.2% | -2.7% |
| 2001 | 1.2% | +3.4% |
| 2002 | 1.2% | -6.5% |
| 2003 | 1.1% | -7.0% |
| 2004 | 1.1% | -1.7% |
| 2005 | 1.1% | +8.5% |
| 2006 | 1.1% | -1.7% |
| 2007 | 1.2% | +5.5% |
| 2008 | 1.2% | +3.8% |
| 2009 | 1.4% | +10.7% |
| 2010 | 1.3% | -2.8% |
| 2011 | 1.2% | -6.2% |
| 2012 | 1.3% | +2.3% |
| 2013 | 1.3% | +0.4% |
| 2014 | 1.2% | -2.6% |
| 2015 | 1.2% | -3.1% |
| 2016 | 1.2% | -2.0% |
| 2017 | 1.2% | +5.3% |
| 2018 | 1.2% | -2.9% |
| 2019 | 1.2% | -2.4% |
| 2020 | 1.2% | +5.5% |
| 2021 | 1.1% | -12.7% |
| 2022 | 1.0% | -5.6% |
| 2023 | 1.0% | -1.3% |
| 2024 | 1.1% | +8.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.9% | 1.7% | 2.1% | 10 |
| 1970s | 1.9% | 1.7% | 2.1% | 10 |
| 1980s | 1.6% | 1.4% | 2.0% | 10 |
| 1990s | 1.4% | 1.2% | 1.6% | 10 |
| 2000s | 1.2% | 1.1% | 1.4% | 10 |
| 2010s | 1.2% | 1.2% | 1.3% | 10 |
| 2020s | 1.1% | 1.0% | 1.2% | 5 |
Countries ranked near Latin America & Caribbean (excluding high income)
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), per unit of GDP 0.0105 current USD per US$ of GDP (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)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is military expenditure in Latin America & Caribbean (excluding high income)?
- Military expenditure in Latin America & Caribbean (excluding high income) was 1.1% in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 2.1% in 1962.
- What is the lowest military expenditure recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 1.0% in 2023.
- How does Latin America & Caribbean (excluding high income) rank for military expenditure?
- Latin America & Caribbean (excluding high income) ranks 41st out of 45 groups with data for 2024.
- Is military expenditure rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is down 12.2%. 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 SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Military expenditure by country as percentage of gross domestic product