Military expenditure in Latin America & Caribbean
Latin America & Caribbean: Military expenditure was 3.3% in 2024. ▼ Falling
Military expenditure in Latin America & Caribbean, 2001–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in % of general government expenditure.
Analysis
The most recent figure for military expenditure in Latin America & Caribbean is 3.3%, measured in 2024.
The figure is up 6.6% on the previous year and down 10.2% over ten years.
Over the whole period, military expenditure in Latin America & Caribbean peaked at 4.8% in 2001 and was at its lowest, 3.1%, in 2023.
That places Latin America & Caribbean 41st out of 43 groups with data for 2024, putting it 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, year by year
| Year | % of general government expenditure | Change |
|---|---|---|
| 2001 | 4.8% | — |
| 2002 | 4.5% | -7.0% |
| 2003 | 4.2% | -6.5% |
| 2004 | 4.3% | +2.7% |
| 2005 | 4.2% | -2.6% |
| 2006 | 4.0% | -6.1% |
| 2007 | 4.1% | +3.0% |
| 2008 | 4.0% | -1.5% |
| 2009 | 4.2% | +4.2% |
| 2010 | 4.2% | +0.3% |
| 2011 | 3.9% | -7.8% |
| 2012 | 3.9% | +0.1% |
| 2013 | 3.8% | -1.1% |
| 2014 | 3.7% | -4.0% |
| 2015 | 3.5% | -5.3% |
| 2016 | 3.5% | +0.4% |
| 2017 | 3.6% | +4.3% |
| 2018 | 3.7% | +1.2% |
| 2019 | 3.7% | +0.2% |
| 2020 | 3.7% | +1.0% |
| 2021 | 3.5% | -6.8% |
| 2022 | 3.2% | -9.2% |
| 2023 | 3.1% | -2.0% |
| 2024 | 3.3% | +6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.3% | 4.0% | 4.8% | 9 |
| 2010s | 3.7% | 3.5% | 4.2% | 10 |
| 2020s | 3.4% | 3.1% | 3.7% | 5 |
Countries ranked near Latin America & Caribbean
More public sector data for Latin America & Caribbean
- Arms imports 644.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9725 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 110.81 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0104 current USD per US$ of GDP (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 19.2 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is military expenditure in Latin America & Caribbean?
- Military expenditure in Latin America & Caribbean was 3.3% 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?
- The highest recorded value was 4.8% in 2001.
- What is the lowest military expenditure recorded in Latin America & Caribbean?
- The lowest recorded value was 3.1% in 2023.
- How does Latin America & Caribbean rank for military expenditure?
- Latin America & Caribbean ranks 41st out of 43 groups with data for 2024.
- Is military expenditure rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 10.2%. The long-run trend across the full record is falling.
- Where does this Latin America & Caribbean 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.
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About this data
Military expenditure expressed as a percentage of general government expenditure