Latin America & Caribbean Military Spending/Defense Budget 1960-2025

Latin America & Caribbean military spending/defense budget for 2022 was 57.26 billion US dollars, a 0.77% increase from 2021.
  • Latin America & Caribbean military spending/defense budget for 2021 was 56.82 billion US dollars, a 4.19% increase from 2020.
  • Latin America & Caribbean military spending/defense budget for 2020 was 54.54 billion US dollars, a 9.96% decline from 2019.
  • Latin America & Caribbean military spending/defense budget for 2019 was 60.57 billion US dollars, a 5.35% decline from 2018.
Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country).
Country Rankings
Country Name Military Spending (US $)
United States $876.94B
China $291.96B
Euro Area $215.46B
Russia $86.37B
India $81.36B
Saudi Arabia $75.01B
United Kingdom $68.46B
Germany $55.76B
France $53.64B
South Korea $46.37B
Japan $45.99B
Ukraine $44.00B
Italy $33.49B
Australia $32.30B
Canada $26.90B
Israel $23.41B
Spain $20.31B
Brazil $20.21B
Poland $16.57B
Netherlands $15.61B
Qatar $15.41B
Singapore $11.69B
Turkey $10.64B
Pakistan $10.34B
Colombia $9.94B
Algeria $9.15B
Indonesia $8.99B
Mexico $8.54B
Norway $8.39B
Kuwait $8.24B
Greece $8.10B
Sweden $7.72B
Belgium $6.87B
Iran $6.85B
Switzerland $6.15B
Oman $5.78B
Thailand $5.72B
Chile $5.57B
Denmark $5.47B
Romania $5.19B
Morocco $5.00B
Finland $4.82B
Bangladesh $4.81B
Lebanon $4.74B
Iraq $4.68B
Egypt $4.65B
Czech Republic $4.01B
Philippines $3.97B
Malaysia $3.67B
Austria $3.63B
Portugal $3.50B
Nigeria $3.11B
South Africa $3.00B
Azerbaijan $2.99B
Peru $2.85B
New Zealand $2.83B
Argentina $2.58B
Hungary $2.57B
Ecuador $2.49B
Jordan $2.32B
Slovak Republic $1.99B
Myanmar $1.86B
Lithuania $1.73B
Angola $1.62B
Serbia $1.43B
Bahrain $1.38B
Uruguay $1.38B
Bulgaria $1.34B
Croatia $1.31B
Ireland $1.16B
Tunisia $1.16B
Kenya $1.14B
Kazakhstan $1.13B
Sri Lanka $1.05B
Ethiopia $1.03B
Uganda $923.12M
Latvia $848.78M
Tanzania $832.23M
Belarus $820.78M
Estonia $810.92M
Armenia $795.20M
Dominican Republic $760.76M
Slovenia $735.19M
Bolivia $640.31M
Cambodia $611.01M
Luxembourg $564.62M
Burkina Faso $562.58M
Mali $515.07M
Cyprus $494.24M
Botswana $489.32M
Honduras $477.52M
Guinea $441.26M
Brunei $435.86M
Senegal $433.45M
Guatemala $430.56M
Nepal $428.27M
El Salvador $422.38M
Cameroon $416.64M
South Sudan $378.84M
Democratic Republic of Congo $371.08M
Namibia $369.11M
Paraguay $365.69M
Georgia $360.34M
Chad $357.40M
Togo $336.61M
Zambia $326.08M
Albania $288.72M
Mozambique $281.87M
Gabon $277.67M
Republic of Congo $265.85M
Niger $242.51M
Ghana $229.28M
Mauritania $225.35M
North Macedonia $224.96M
Jamaica $215.08M
Trinidad and Tobago $201.05M
Bosnia $184.49M
Zimbabwe $182.05M
Rwanda $177.19M
Equatorial Guinea $156.79M
Kyrgyz Republic $149.77M
Mongolia $118.36M
Somalia $115.10M
Kosovo $107.60M
Tajikistan $103.48M
Burundi $101.43M
Montenegro $98.01M
Madagascar $97.97M
Papua New Guinea $97.49M
Benin $97.18M
Malta $86.97M
Guyana $84.26M
Nicaragua $84.21M
Malawi $75.83M
Eswatini $74.30M
Fiji $66.81M
Moldova $47.75M
Timor-Leste $44.31M
Central African Republic $42.00M
Lesotho $34.67M
Seychelles $26.07M
Guinea-Bissau $24.54M
Sierra Leone $24.50M
Belize $23.67M
Mauritius $20.26M
Liberia $18.70M
Gambia $15.21M
Haiti $12.56M
Cabo Verde $10.25M
Venezuela $4.63M
Costa Rica $0
Iceland $0
Panama $0