Latin America: value of military spending 2023, by country

Published by Statista Research Department, Sep 9, 2024

In 2023, Brazil ranked first in the annual value of military spending in Latin America, with an expenditure of over 21 billion U.S. dollars. Mexico came in second with almsot ten billion U.S. dollars in military expenditure. Brazil is also the second Latin American country with the largest military personnel.

Military expenditure in Latin America in 2023, by country (in million U.S. dollars)

Loading statistic...

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

In cooperation with
Release date

April 2024

Region

LAC

Survey time period

2023

Special properties

based on 2022 constant prices and exchange rates

Supplementary notes

* Highly uncertain data.
Figures have been rounded.

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Register now
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Latin America and the Caribbean "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Latin America and the Caribbean

Overview

8

Mexico

6

Costa Rica

6

El Salvador

6

Guatemala

6

Honduras

6

Nicaragua

6

Panama

6

Dominican Republic

6

Cuba

4

Puerto Rico

4

Argentina

6

Bolivia

6

Brazil

6

Chile

6

Ecuador

6

Colombia

6

Paraguay

6

Peru

6

Uruguay

6

Venezuela

6

International comparison

8

Further related statistics

4

Further Content: You might find this interesting as well

Statistics

Topics

Defense spending and arms tradeMilitary aircraft manufacturingAmerican Civil WarMilitary spending in MENARussia-Ukraine war 2022-2024
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Register now
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.