Latin America: defense expenditure 2024, by country

Published by Statista Research Department, Sep 6, 2024

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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Source

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Release date

2024

Region

LAC

Survey time period

As of 2024

Supplementary notes

The source does not provide a date of publication. The release date given is the date of access.
Figures have been rounded.

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