Military expenditure (% of GDP) in Latin America & Caribbean in 2024 — 1.13%. Since 1960, the indicator has fallen by 0.91 pp.
1960–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Latin America & Caribbean
| Year | % | Change, pp |
|---|---|---|
| 2024 | 1.13 | +0.07 pp |
| 2023 | 1.05 | −0.01 pp |
| 2022 | 1.06 | −0.07 pp |
| 2021 | 1.13 | −0.17 pp |
| 2020 | 1.3 | +0.08 pp |
| 2019 | 1.22 | −0.03 pp |
| 2018 | 1.25 | −0.03 pp |
| 2017 | 1.28 | +0.06 pp |
| 2016 | 1.22 | −0.02 pp |
| 2015 | 1.24 | −0.03 pp |
| 2014 | 1.28 | −0.03 pp |
| 2013 | 1.31 | +0 pp |
| 2012 | 1.3 | +0.02 pp |
| 2011 | 1.29 | −0.08 pp |
| 2010 | 1.36 | −0.04 pp |
| 2009 | 1.4 | +0.11 pp |
| 2008 | 1.29 | +0.05 pp |
| 2007 | 1.24 | +0.04 pp |
| 2006 | 1.19 | −0.02 pp |
| 2005 | 1.21 | +0.08 pp |
| 2004 | 1.13 | −0.01 pp |
| 2003 | 1.14 | −0.07 pp |
| 2002 | 1.21 | −0.08 pp |
| 2001 | 1.29 | +0.03 pp |
| 2000 | 1.26 | −0.04 pp |
| 1999 | 1.3 | −0.08 pp |
| 1998 | 1.38 | +0.03 pp |
| 1997 | 1.35 | −0.14 pp |
| 1996 | 1.49 | −0.08 pp |
| 1995 | 1.57 | +0.14 pp |
| 1994 | 1.43 | +0.09 pp |
| 1993 | 1.34 | +0.04 pp |
| 1992 | 1.3 | −0.15 pp |
| 1991 | 1.45 | −0.24 pp |
| 1990 | 1.68 | −0.37 pp |
| 1989 | 2.05 | +0.23 pp |
| 1988 | 1.82 | −0.02 pp |
| 1987 | 1.84 | +0.19 pp |
| 1986 | 1.65 | +0.01 pp |
| 1985 | 1.64 | −0.08 pp |
| 1984 | 1.72 | −0.22 pp |
| 1983 | 1.94 | +0.14 pp |
| 1982 | 1.8 | +0.12 pp |
| 1981 | 1.68 | +0.05 pp |
| 1980 | 1.62 | −0.36 pp |
| 1979 | 1.98 | −0.28 pp |
| 1978 | 2.26 | +0.04 pp |
| 1977 | 2.23 | +0.08 pp |
| 1976 | 2.14 | +0.19 pp |
| 1975 | 1.95 | +0.01 pp |
| 1974 | 1.95 | −0.15 pp |
| 1973 | 2.09 | −0.07 pp |
| 1972 | 2.16 | −0.07 pp |
| 1971 | 2.23 | +0.13 pp |
| 1970 | 2.1 | +0.23 pp |
| 1969 | 1.88 | +0.01 pp |
| 1968 | 1.87 | −0.21 pp |
| 1967 | 2.07 | +0.14 pp |
| 1966 | 1.93 | −0.04 pp |
| 1965 | 1.97 | +0.25 pp |
| 1964 | 1.72 | −0.29 pp |
| 1963 | 2 | −0.19 pp |
| 1962 | 2.19 | +0.25 pp |
| 1961 | 1.95 | −0.09 pp |
| 1960 | 2.04 | — |
Military expenditure as a percent of GDP under the SIPRI definition: current and capital spending on the armed forces, including peacekeeping forces, defense ministries, paramilitary forces, military R&D, pensions of military personnel and military aid. The NATO benchmark for member states is at least 2% of GDP.
Source: Military Expenditure Database (SIPRI), license SIPRI terms of use.
The absolute volume of defense spending in current US dollars.
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.
Economy Government consumption (% of GDP)The share of GDP taken by government final consumption spending.