In 2022, the military expenditure of Colombia accounted for approximately 3.1 percent of the country's gross domestic product (GDP), the highest share in Latin America and the Caribbean. Ecuador is also one of the countries in the region with the highest military budget in relation to its GDP, having spent an estimate sum comparable to 2.16 percent of its GDP on military expenditures.
Military expenditure as percentage of Gross Domestic Product (GDP) in selected countries of Latin America and the Caribbean in 2022
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SIPRI. (April 25, 2023). Military expenditure as percentage of Gross Domestic Product (GDP) in selected countries of Latin America and the Caribbean in 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/793970/military-expenditure-share-gdp-latin-america-country/
SIPRI. "Military expenditure as percentage of Gross Domestic Product (GDP) in selected countries of Latin America and the Caribbean in 2022." Chart. April 25, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/793970/military-expenditure-share-gdp-latin-america-country/
SIPRI. (2023). Military expenditure as percentage of Gross Domestic Product (GDP) in selected countries of Latin America and the Caribbean in 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/793970/military-expenditure-share-gdp-latin-america-country/
SIPRI. "Military Expenditure as Percentage of Gross Domestic Product (Gdp) in Selected Countries of Latin America and The Caribbean in 2022." Statista, Statista Inc., 25 Apr 2023, https://www.statista.com/statistics/793970/military-expenditure-share-gdp-latin-america-country/
SIPRI, Military expenditure as percentage of Gross Domestic Product (GDP) in selected countries of Latin America and the Caribbean in 2022 Statista, https://www.statista.com/statistics/793970/military-expenditure-share-gdp-latin-america-country/ (last visited July 22, 2024)
Military expenditure as percentage of Gross Domestic Product (GDP) in selected countries of Latin America and the Caribbean in 2022 [Graph], SIPRI, April 25, 2023. [Online]. Available: https://www.statista.com/statistics/793970/military-expenditure-share-gdp-latin-america-country/
