Military expenditure in dollars in Latin America & Caribbean in 2024 — 73,379,302,038 US$. Since 1960, the indicator has risen by 6,948.2%.
1960–2024 · US$
How the value compares with the world and the groups this territory belongs to: Latin America & Caribbean
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2024 | 73.38B | +7.04B | +10.62% |
| 2023 | 66.33B | +6.81B | +11.45% |
| 2022 | 59.52B | +3.61B | +6.46% |
| 2021 | 55.91B | +1.43B | +2.63% |
| 2020 | 54.48B | −6.08B | −10.04% |
| 2019 | 60.55B | −3.41B | −5.33% |
| 2018 | 63.96B | −2.63B | −3.95% |
| 2017 | 66.6B | +9.94B | +17.54% |
| 2016 | 56.66B | −2.7B | −4.55% |
| 2015 | 59.36B | −13.35B | −18.36% |
| 2014 | 72.71B | −5.75B | −7.33% |
| 2013 | 78.46B | +3.1B | +4.12% |
| 2012 | 75.35B | +1.53B | +2.08% |
| 2011 | 73.82B | +5.13B | +7.46% |
| 2010 | 68.69B | +12.46B | +22.16% |
| 2009 | 56.24B | −203M | −0.36% |
| 2008 | 56.44B | +9.85B | +21.15% |
| 2007 | 46.58B | +8.63B | +22.75% |
| 2006 | 37.95B | +5.24B | +16.02% |
| 2005 | 32.71B | +7.54B | +29.96% |
| 2004 | 25.17B | +2.98B | +13.43% |
| 2003 | 22.19B | −668M | −2.92% |
| 2002 | 22.86B | −4.47B | −16.37% |
| 2001 | 27.33B | +89.42M | +0.33% |
| 2000 | 27.24B | +1.81B | +7.11% |
| 1999 | 25.43B | −4.76B | −15.76% |
| 1998 | 30.19B | +874M | +2.98% |
| 1997 | 29.32B | −260M | −0.88% |
| 1996 | 29.58B | +952M | +3.32% |
| 1995 | 28.63B | +4.51B | +18.72% |
| 1994 | 24.11B | +4.88B | +25.39% |
| 1993 | 19.23B | +3.57B | +22.76% |
| 1992 | 15.67B | −330M | −2.06% |
| 1991 | 16B | −2.39B | −13.02% |
| 1990 | 18.39B | +1.72B | +10.34% |
| 1989 | 16.67B | +2.04B | +13.93% |
| 1988 | 14.63B | +1.62B | +12.48% |
| 1987 | 13.01B | +2.04B | +18.58% |
| 1986 | 10.97B | +202M | +1.88% |
| 1985 | 10.77B | −720M | −6.27% |
| 1984 | 11.49B | −881M | −7.12% |
| 1983 | 12.37B | −1.13B | −8.36% |
| 1982 | 13.49B | −3.04B | −18.4% |
| 1981 | 16.54B | +1.27B | +8.33% |
| 1980 | 15.27B | +2.43B | +18.96% |
| 1979 | 12.83B | +2.78B | +27.65% |
| 1978 | 10.05B | +1.25B | +14.22% |
| 1977 | 8.8B | +804M | +10.06% |
| 1976 | 8B | +1.85B | +30.01% |
| 1975 | 6.15B | −512M | −7.68% |
| 1974 | 6.66B | +1.26B | +23.29% |
| 1973 | 5.4B | +1.35B | +33.45% |
| 1972 | 4.05B | +587M | +16.94% |
| 1971 | 3.46B | +606M | +21.21% |
| 1970 | 2.86B | +564M | +24.57% |
| 1969 | 2.29B | +211M | +10.11% |
| 1968 | 2.08B | −35.17M | −1.66% |
| 1967 | 2.12B | +141M | +7.16% |
| 1966 | 1.98B | +152M | +8.32% |
| 1965 | 1.82B | +347M | +23.45% |
| 1964 | 1.48B | −80.01M | −5.13% |
| 1963 | 1.56B | +88.22M | +6% |
| 1962 | 1.47B | +518M | +54.4% |
| 1961 | 952M | −88.99M | −8.55% |
| 1960 | 1.04B | — | — |
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.
The share of GDP a country spends on defense.
Defense Armed forces personnelThe number of active-duty military personnel and paramilitary forces.
Defense Arms exportsTransfers of major conventional weapons abroad, in SIPRI trend-indicator values (TIV).
Defense Military expenditure share of the budgetWhat part of government spending goes to defense.
Defense Arms importsPurchases of major conventional weapons abroad.
Defense Armed forces personnel since 1816A long historical series on the personnel of armies — since 1816, that is, over two centuries.