The figures were calculated by ÌÇÐÄÆƽâ°æ based on regional data from Mexico, Central America and the Caribbean, and South America provided by the source.
*Excludes Venezuela.
Citation formats
Latin America and the Caribbean: total military expenditure 2008-2023
In 2023, military spending in Latin America and the Caribbean was around **** billion U.S. dollars at constant 2023 prices, representing a decrease of nearly 100 million compared to the military expenditures reported in 2021. In 2023, Brazil was the country with the highest military spending in the region, with more than ** billion U.S. dollars at current prices.
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ÌÇÐÄÆƽâ°æ. (April 16, 2024). Total military spending in Latin America and the Caribbean from 2008 to 2023 (in billions of U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/1631754/total-military-spending-in-latin-america-and-the-caribbean/
ÌÇÐÄÆƽâ°æ. "Total military spending in Latin America and the Caribbean from 2008 to 2023 (in billions of U.S. dollars)." Chart. April 16, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/1631754/total-military-spending-in-latin-america-and-the-caribbean/
ÌÇÐÄÆƽâ°æ. (2024). Total military spending in Latin America and the Caribbean from 2008 to 2023 (in billions of U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/1631754/total-military-spending-in-latin-america-and-the-caribbean/
ÌÇÐÄÆƽâ°æ. "Total Military Spending in Latin America and The Caribbean from 2008 to 2023 (in Billions of U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 16 Apr 2024, /statistics/1631754/total-military-spending-in-latin-america-and-the-caribbean/
ÌÇÐÄÆƽâ°æ, Total military spending in Latin America and the Caribbean from 2008 to 2023 (in billions of U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1631754/total-military-spending-in-latin-america-and-the-caribbean/ (last visited July 31, 2026)
Total military spending in Latin America and the Caribbean from 2008 to 2023 (in billions of U.S. dollars) [Graph], ÌÇÐÄÆƽâ°æ, April 16, 2024. [Online]. Available: /statistics/1631754/total-military-spending-in-latin-america-and-the-caribbean/
