Military expenditure in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Military expenditure was 3.1% in 2024. ▼ Falling
Military expenditure in Latin America & Caribbean (excluding high income), 2001–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in % of general government expenditure.
Analysis
In 2024, military expenditure in Latin America & Caribbean (excluding high income) stood at 3.1%.
The figure is up 7.7% on the previous year and down 10.5% over ten years.
Over the whole period, military expenditure in Latin America & Caribbean (excluding high income) peaked at 4.6% in 2001 and was at its lowest, 2.9%, in 2023.
Latin America & Caribbean (excluding high income) ranks 43rd of 43 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Military expenditure in Latin America & Caribbean (excluding high income), year by year
| Year | % of general government expenditure | Change |
|---|---|---|
| 2001 | 4.6% | — |
| 2002 | 4.2% | -7.7% |
| 2003 | 3.9% | -8.2% |
| 2004 | 3.9% | +1.5% |
| 2005 | 3.9% | -1.9% |
| 2006 | 3.6% | -7.8% |
| 2007 | 3.8% | +5.6% |
| 2008 | 3.7% | -1.2% |
| 2009 | 4.0% | +7.1% |
| 2010 | 4.0% | -0.2% |
| 2011 | 3.6% | -8.7% |
| 2012 | 3.6% | +0.7% |
| 2013 | 3.6% | -1.1% |
| 2014 | 3.5% | -3.8% |
| 2015 | 3.3% | -5.9% |
| 2016 | 3.3% | -0.2% |
| 2017 | 3.4% | +4.7% |
| 2018 | 3.4% | +0.7% |
| 2019 | 3.5% | +1.0% |
| 2020 | 3.5% | +0.4% |
| 2021 | 3.3% | -4.3% |
| 2022 | 3.0% | -11.1% |
| 2023 | 2.9% | -2.8% |
| 2024 | 3.1% | +7.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.9% | 3.6% | 4.6% | 9 |
| 2010s | 3.5% | 3.3% | 4.0% | 10 |
| 2020s | 3.2% | 2.9% | 3.5% | 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 3.1% 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 4.6% in 2001.
- What is the lowest military expenditure recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 2.9% in 2023.
- How does Latin America & Caribbean (excluding high income) rank for military expenditure?
- Latin America & Caribbean (excluding high income) ranks 43rd out of 43 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 10.5%. 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 general government expenditure). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Military expenditure expressed as a percentage of general government expenditure