Brazil had the highest defense budget in Latin America as of 2024, totaling approximately 24.75 billion U.S. dollars. Venezuela followed closely, with 24.12 billion. The Portuguese speaking country had also the highest number of military aircraft that year.
Countries with the largest defense budget in Latin America in 2024
(in billion U.S. dollars)
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Global Firepower. (September 6, 2024). Countries with the largest defense budget in Latin America in 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/958734/highest-defense-budget-latin-america-country/
Global Firepower. "Countries with the largest defense budget in Latin America in 2024 (in billion U.S. dollars)." Chart. September 6, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/958734/highest-defense-budget-latin-america-country/
Global Firepower. (2024). Countries with the largest defense budget in Latin America in 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/958734/highest-defense-budget-latin-america-country/
Global Firepower. "Countries with The Largest Defense Budget in Latin America in 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 6 Sep 2024, https://www.statista.com/statistics/958734/highest-defense-budget-latin-america-country/
Global Firepower, Countries with the largest defense budget in Latin America in 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/958734/highest-defense-budget-latin-america-country/ (last visited December 23, 2024)
Countries with the largest defense budget in Latin America in 2024 (in billion U.S. dollars) [Graph], Global Firepower, September 6, 2024. [Online]. Available: https://www.statista.com/statistics/958734/highest-defense-budget-latin-america-country/