Military expenditure in dollars — all countries

Military expenditure in dollars — Mercosur

Military expenditure in dollars in Mercosur in 2024 — 27,931,207,679 US$. Since 1960, the indicator has risen by 7,065.2%.

2024 27.93B US$ −4.24% vs 2023
World rank
Period maximum 42.5B US$2011
Period minimum 354M US$1961

Trend over time

1960–2024 · US$

Military expenditure in dollars — Mercosur, 1960–2024020B40B60B19601967197419811988199520022009201620231960: 389,818,294 US$1962: 706,083,872 US$1964: 609,783,732 US$1966: 1,011,030,805 US$1968: 1,120,654,552 US$1970: 1,508,052,070 US$1972: 2,062,482,998 US$1974: 3,674,872,450 US$1976: 4,873,492,332 US$1978: 6,147,751,366 US$1980: 9,462,297,282 US$1982: 6,242,089,880 US$1984: 5,080,431,148 US$1986: 5,734,386,648 US$1988: 9,101,829,211 US$1990: 11,864,855,030 US$1992: 8,926,223,052 US$1994: 15,092,362,624 US$1996: 18,376,992,572 US$1998: 18,697,244,793 US$2000: 15,450,128,234 US$2002: 11,350,235,730 US$2004: 11,776,072,873 US$2006: 18,919,686,520 US$2008: 28,343,568,349 US$2010: 38,985,803,602 US$2012: 40,295,646,255 US$2014: 39,698,462,026 US$2016: 30,585,160,466 US$2018: 34,280,789,276 US$2020: 24,388,512,097 US$2022: 26,973,276,558 US$2024: 27,931,207,679 US$
Change over the period: +27.54B (+7,065.19%) Average annual rate: 6.9 %

Comparison, 2024

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

Mercosur 27.93B US$
World 2.65T US$
Military expenditure in dollars — Mercosur, by year Mercosur All countries CSV XLSX
Year US$ Change Change, %
2024 27.93B −1.24B −4.24%
2023 29.17B +2.2B +8.14%
2022 26.97B +2.55B +10.42%
2021 24.43B +39.12M +0.16%
2020 24.39B −6.77B −21.74%
2019 31.16B −3.12B −9.09%
2018 34.28B −2.53B −6.87%
2017 36.81B +6.22B +20.35%
2016 30.59B −1.45B −4.53%
2015 32.04B −7.66B −19.3%
2014 39.7B −295M −0.74%
2013 39.99B −302M −0.75%
2012 40.3B −2.21B −5.19%
2011 42.5B +3.52B +9.02%
2010 38.99B +9.3B +31.35%
2009 29.68B +1.34B +4.72%
2008 28.34B +4.82B +20.48%
2007 23.53B +4.61B +24.35%
2006 18.92B +3.04B +19.16%
2005 15.88B +4.1B +34.82%
2004 11.78B +1.5B +14.62%
2003 10.27B −1.08B −9.48%
2002 11.35B −3.57B −23.91%
2001 14.92B −533M −3.45%
2000 15.45B +1.25B +8.83%
1999 14.2B −4.5B −24.07%
1998 18.7B +499M +2.74%
1997 18.2B −179M −0.97%
1996 18.38B −615M −3.24%
1995 18.99B +3.9B +25.84%
1994 15.09B +3.94B +35.29%
1993 11.16B +2.23B +24.97%
1992 8.93B −1.24B −12.17%
1991 10.16B −1.7B −14.34%
1990 11.86B +1.16B +10.89%
1989 10.7B +1.6B +17.56%
1988 9.1B +1.85B +25.48%
1987 7.25B +1.52B +26.49%
1986 5.73B +527M +10.12%
1985 5.21B +127M +2.5%
1984 5.08B −436M −7.91%
1983 5.52B −726M −11.62%
1982 6.24B −3.24B −34.16%
1981 9.48B +18.69M +0.2%
1980 9.46B +1.11B +13.34%
1979 8.35B +2.2B +35.8%
1978 6.15B +1.3B +26.83%
1977 4.85B −26.34M −0.54%
1976 4.87B +1.68B +52.4%
1975 3.2B −477M −12.98%
1974 3.67B +704M +23.68%
1973 2.97B +909M +44.06%
1972 2.06B +431M +26.42%
1971 1.63B +123M +8.18%
1970 1.51B +218M +16.94%
1969 1.29B +169M +15.07%
1968 1.12B +108M +10.63%
1967 1.01B +1.98M +0.2%
1966 1.01B +114M +12.72%
1965 897M +287M +47.09%
1964 610M −90.05M −12.87%
1963 700M −6.25M −0.89%
1962 706M +352M +99.2%
1961 354M −35.36M −9.07%
1960 390M

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.