Military expenditure share of the budget in Latin America & Caribbean in 2024 — 3.3%. Since 2001, the indicator has fallen by 1.54 pp.
2001–2024 · % of government expenditure
How the value compares with the world and the groups this territory belongs to: Latin America & Caribbean
| Year | % | Change, pp |
|---|---|---|
| 2024 | 3.3 | +0.2 pp |
| 2023 | 3.1 | −0.06 pp |
| 2022 | 3.16 | −0.32 pp |
| 2021 | 3.48 | −0.25 pp |
| 2020 | 3.74 | +0.04 pp |
| 2019 | 3.7 | +0.01 pp |
| 2018 | 3.69 | +0.05 pp |
| 2017 | 3.64 | +0.15 pp |
| 2016 | 3.49 | +0.01 pp |
| 2015 | 3.48 | −0.2 pp |
| 2014 | 3.68 | −0.15 pp |
| 2013 | 3.83 | −0.04 pp |
| 2012 | 3.87 | +0 pp |
| 2011 | 3.87 | −0.33 pp |
| 2010 | 4.19 | +0.01 pp |
| 2009 | 4.18 | +0.17 pp |
| 2008 | 4.01 | −0.06 pp |
| 2007 | 4.07 | +0.12 pp |
| 2006 | 3.95 | −0.26 pp |
| 2005 | 4.21 | −0.11 pp |
| 2004 | 4.32 | +0.11 pp |
| 2003 | 4.21 | −0.29 pp |
| 2002 | 4.5 | −0.34 pp |
| 2001 | 4.84 | — |
Military expenditure as a percent of total general government expenditure. Unlike the share of GDP it shows priorities inside the budget: a country can spend little on defense as a percent of GDP, yet with a small state that will be a substantial part of all government spending — and the other way round.
Important: The aggregate for country groups is weighted by government consumption in dollars: it makes up about two thirds of all budget spending, and the source does not publish budget expenditure in absolute terms.
Source: Military Expenditure Database (SIPRI), license SIPRI terms of use.
The share of GDP a country spends on defense.
Economy Government consumption in US dollarsHow much the state spends on running itself: public sector wages, purchases, defense.
Economy Government consumption (% of GDP)The share of GDP taken by government final consumption spending.
Education Education expenditure (% of GDP)Government spending on education at all levels as a percentage of GDP.