Military expenditure in dollars — all countries

Military expenditure in dollars — South America

Military expenditure in dollars in South America in 2024 — 53,598,018,671 US$. Since 1961, the indicator has risen by 6,524.7%.

2024 53.6B US$ +4.01% vs 2023
World rank
Period maximum 70.3B US$2013
Period minimum 809M US$1961

Trend over time

1961–2024 · US$

Military expenditure in dollars — South America, 1961–2024020B40B60B80B19611968197519821989199620032010201720241961: 809,060,071 US$1962: 1,310,875,415 US$1963: 1,382,562,804 US$1968: 1,850,825,991 US$1969: 2,033,487,730 US$1970: 2,580,613,608 US$1971: 3,176,152,767 US$1972: 3,697,168,727 US$1973: 4,990,485,369 US$1974: 6,116,009,733 US$1975: 5,469,457,383 US$1976: 7,224,863,813 US$1977: 8,061,031,460 US$1978: 9,218,978,875 US$1979: 11,778,882,591 US$1980: 14,042,505,754 US$1981: 14,672,148,717 US$1982: 12,116,365,006 US$1983: 11,030,263,329 US$1984: 9,637,891,809 US$1985: 8,871,806,413 US$1986: 9,635,183,814 US$1987: 11,580,025,994 US$1988: 13,006,344,594 US$1989: 14,808,133,290 US$1990: 15,506,836,416 US$1991: 14,005,324,648 US$1992: 13,309,614,310 US$1993: 16,500,661,185 US$1994: 20,910,864,858 US$1995: 26,532,720,377 US$1996: 27,153,875,906 US$1997: 26,526,527,071 US$1998: 27,341,197,518 US$1999: 22,183,002,192 US$2000: 23,560,425,097 US$2001: 23,288,593,103 US$2002: 18,909,940,934 US$2003: 18,255,067,672 US$2004: 21,623,185,026 US$2005: 28,732,468,835 US$2006: 33,992,034,436 US$2007: 41,343,437,903 US$2008: 50,877,217,362 US$2009: 50,501,047,369 US$2010: 62,597,154,834 US$2011: 66,913,795,730 US$2012: 68,064,169,038 US$2013: 70,303,404,548 US$2014: 64,245,292,076 US$2015: 52,072,013,819 US$2016: 49,376,141,609 US$2017: 59,513,473,647 US$2018: 55,984,792,886 US$2019: 51,697,251,711 US$2020: 44,277,874,652 US$2021: 44,946,710,808 US$2022: 46,762,082,016 US$2023: 51,532,010,410 US$2024: 53,598,018,671 US$
Change over the period: +52.79B (+6,524.73%) Average annual rate: 6.88 %

Comparison, 2024

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

South America 53.6B US$
World 2.65T US$
Military expenditure in dollars — South America, by year South America All countries CSV XLSX
Year US$ Change Change, %
2024 53.6B +2.07B +4.01%
2023 51.53B +4.77B +10.2%
2022 46.76B +1.82B +4.04%
2021 44.95B +669M +1.51%
2020 44.28B −7.42B −14.35%
2019 51.7B −4.29B −7.66%
2018 55.98B −3.53B −5.93%
2017 59.51B +10.14B +20.53%
2016 49.38B −2.7B −5.18%
2015 52.07B −12.17B −18.95%
2014 64.25B −6.06B −8.62%
2013 70.3B +2.24B +3.29%
2012 68.06B +1.15B +1.72%
2011 66.91B +4.32B +6.9%
2010 62.6B +12.1B +23.95%
2009 50.5B −376M −0.74%
2008 50.88B +9.53B +23.06%
2007 41.34B +7.35B +21.63%
2006 33.99B +5.26B +18.31%
2005 28.73B +7.11B +32.88%
2004 21.62B +3.37B +18.45%
2003 18.26B −655M −3.46%
2002 18.91B −4.38B −18.8%
2001 23.29B −272M −1.15%
2000 23.56B +1.38B +6.21%
1999 22.18B −5.16B −18.87%
1998 27.34B +815M +3.07%
1997 26.53B −627M −2.31%
1996 27.15B +621M +2.34%
1995 26.53B +5.62B +26.88%
1994 20.91B +4.41B +26.73%
1993 16.5B +3.19B +23.98%
1992 13.31B −696M −4.97%
1991 14.01B −1.5B −9.68%
1990 15.51B +699M +4.72%
1989 14.81B +1.8B +13.85%
1988 13.01B +1.43B +12.32%
1987 11.58B +1.94B +20.18%
1986 9.64B +763M +8.6%
1985 8.87B −766M −7.95%
1984 9.64B −1.39B −12.62%
1983 11.03B −1.09B −8.96%
1982 12.12B −2.56B −17.42%
1981 14.67B +630M +4.48%
1980 14.04B +2.26B +19.22%
1979 11.78B +2.56B +27.77%
1978 9.22B +1.16B +14.36%
1977 8.06B +836M +11.57%
1976 7.22B +1.76B +32.09%
1975 5.47B −647M −10.57%
1974 6.12B +1.13B +22.55%
1973 4.99B +1.29B +34.98%
1972 3.7B +521M +16.4%
1971 3.18B +596M +23.08%
1970 2.58B +547M +26.91%
1969 2.03B +183M +9.87%
1968 1.85B
1963 1.38B +71.69M +5.47%
1962 1.31B +502M +62.02%
1961 809M

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.