Colombia: military expenditure as percentage of GDP 2007-2023

Published by Statista Research Department, Sep 25, 2024

The military spending as percentage of the Gross Domestic Product (GDP) of Colombia has barely fluctuated throughout recent years, oscillating between 2.81 and 3.9 from 2007 to 2022. In 2023, the military expenditure reported by Colombia increased slightly to approximately 2.87 percent of the country's GDP. 

Furthermore, Colombia's military expenditures as percentage of GDP is the highest in Latin America as a whole, ranking first in the list.

Military expenditure as percentage of Gross Domestic Product (GDP) in Colombia from 2007 to 2023

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Release date

2024

Region

Colombia

Survey time period

2007 to 2023

Supplementary notes

Figures have been rounded.

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