Arms exports in Latin America & Caribbean in 2019 — 33,000,000 M TIV. Since 1960, the indicator has risen by 312.5%.
1960–2019 · million TIV (constant 1990 prices)
How the value compares with the world and the groups this territory belongs to: Latin America & Caribbean
| Year | M TIV | Change | Change, % |
|---|---|---|---|
| 2019 | 33,000,000 | — | — |
| 1975 | 72,000,000 | — | — |
| 1964 | 4,000,000 | — | — |
| 1962 | 6,000,000 | −6,000,000 | −50% |
| 1961 | 12,000,000 | +4,000,000 | +50% |
| 1960 | 8,000,000 | — | — |
Transfers of major conventional weapons expressed in SIPRI trend-indicator values (TIV) in constant 1990 prices. TIV reflects the military capability of the equipment transferred rather than the price of the contract: deals of equal value can give different TIV, and secondhand equipment is valued below new.
Important: TIV cannot be read as the monetary value of the transfers — it is an indicator of the volume of military capability handed over.
Source: Military Expenditure Database (SIPRI), license SIPRI terms of use.
Purchases of major conventional weapons abroad.
Defense Military expenditure in dollarsThe absolute volume of defense spending in current US dollars.
Trade High-technology exports (% of manufactured exports)What part of manufactured exports consists of high-technology products.
Defense Military expenditure (% of GDP)The share of GDP a country spends on defense.
Defense Military expenditure share of the budgetWhat part of government spending goes to defense.
Defense Armed forces personnelThe number of active-duty military personnel and paramilitary forces.