Military expenditure in dollars — all countries

Military expenditure in dollars — Colombia

Military expenditure in dollars in Colombia in 2024 — 15,096,259,112 US$. Ranked 23 in the world out of 151. Since 1960, the indicator has risen by 19,773.7%.

2024 15.1B US$ +40.05% vs 2023
World rank 23of 151
Period maximum 15.1B US$2024
Period minimum 75.96M US$1960

Trend over time

1960–2024 · US$

Military expenditure in dollars — Colombia, 1960–202405B10B15B20B19601967197419811988199520022009201620231960: 75,960,814 US$1962: 153,596,253 US$1964: 190,000,000 US$1966: 172,592,593 US$1968: 141,184,848 US$1970: 162,662,459 US$1972: 170,587,590 US$1974: 194,904,102 US$1976: 229,146,911 US$1978: 360,663,621 US$1980: 611,248,237 US$1982: 667,866,121 US$1984: 889,730,899 US$1986: 679,498,201 US$1988: 862,374,404 US$1990: 889,979,075 US$1992: 1,102,357,227 US$1994: 2,005,122,888 US$1996: 4,318,552,316 US$1998: 3,389,806,738 US$2000: 3,027,922,793 US$2002: 3,347,522,602 US$2004: 4,056,896,991 US$2006: 5,326,664,238 US$2008: 9,051,130,502 US$2010: 10,422,054,494 US$2012: 11,706,271,913 US$2014: 11,845,950,895 US$2016: 8,675,980,823 US$2018: 10,134,719,591 US$2020: 9,554,131,505 US$2022: 9,661,013,162 US$2024: 15,096,259,112 US$
Change over the period: +15.02B (+19,773.75%) Average annual rate: 8.62 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Colombia

Colombia 15.1B US$
World 2.65T US$
South America computed 53.6B US$
Upper-middle-income countries computed 471B US$
Military expenditure in dollars — Colombia, by year Colombia All countries CSV XLSX
Year US$ Change Change, %
2024 15.1B +4.32B +40.05%
2023 10.78B +1.12B +11.57%
2022 9.66B −519M −5.1%
2021 10.18B +626M +6.55%
2020 9.55B −613M −6.03%
2019 10.17B +32.83M +0.32%
2018 10.13B +117M +1.16%
2017 10.02B +1.34B +15.47%
2016 8.68B −451M −4.94%
2015 9.13B −2.72B −22.95%
2014 11.85B −658M −5.26%
2013 12.5B +798M +6.81%
2012 11.71B +1.4B +13.58%
2011 10.31B −115M −1.11%
2010 10.42B +1.39B +15.37%
2009 9.03B −17.93M −0.2%
2008 9.05B +2.28B +33.58%
2007 6.78B +1.45B +27.2%
2006 5.33B +412M +8.39%
2005 4.91B +857M +21.13%
2004 4.06B +779M +23.75%
2003 3.28B −69.15M −2.07%
2002 3.35B +83.08M +2.55%
2001 3.26B +237M +7.81%
2000 3.03B −219M −6.76%
1999 3.25B −143M −4.2%
1998 3.39B +401M +13.42%
1997 2.99B −1.33B −30.79%
1996 4.32B +1.7B +64.87%
1995 2.62B +614M +30.63%
1994 2.01B +476M +31.1%
1993 1.53B +427M +38.74%
1992 1.1B +191M +20.94%
1991 911M +21.49M +2.41%
1990 890M +24.77M +2.86%
1989 865M +2.83M +0.33%
1988 862M +141M +19.55%
1987 721M +41.83M +6.16%
1986 679M −37.24M −5.2%
1985 717M −173M −19.44%
1984 890M +29.92M +3.48%
1983 860M +192M +28.74%
1982 668M +29.22M +4.58%
1981 639M +27.4M +4.48%
1980 611M +144M +30.7%
1979 468M +107M +29.67%
1978 361M +80.58M +28.77%
1977 280M +50.94M +22.23%
1976 229M +1.2M +0.53%
1975 228M +33.04M +16.95%
1974 195M +21.02M +12.09%
1973 174M +3.29M +1.93%
1972 171M −93.31M −35.36%
1971 264M +101M +62.24%
1970 163M +31.02M +23.57%
1969 132M −9.55M −6.76%
1968 141M −37.36M −20.92%
1967 179M +5.95M +3.45%
1966 173M −12.61M −6.81%
1965 185M −4.8M −2.52%
1964 190M +20M +11.76%
1963 170M +16.4M +10.68%
1962 154M +56.28M +57.84%
1961 97.31M +21.35M +28.11%
1960 75.96M

About the indicator

Military expenditure in current US dollars under the SIPRI definition. It allows absolute defense budgets to be compared, but not military capability: the purchasing power of the dollar in defense differs widely between countries, so equal budgets buy different amounts of personnel and equipment.

Source: Military Expenditure Database (SIPRI), license SIPRI terms of use.