In 2023, the military expenditure of Colombia accounted for approximately 2.87 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 estimated sum comparable to 2.3 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 2023
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SIPRI. (April 25, 2024). Military expenditure as percentage of Gross Domestic Product (GDP) in selected countries of Latin America and the Caribbean in 2023 [Graph]. In Statista. Retrieved November 09, 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 2023." Chart. April 25, 2024. Statista. Accessed November 09, 2024. https://www.statista.com/statistics/793970/military-expenditure-share-gdp-latin-america-country/
SIPRI. (2024). Military expenditure as percentage of Gross Domestic Product (GDP) in selected countries of Latin America and the Caribbean in 2023. Statista. Statista Inc.. Accessed: November 09, 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 2023." Statista, Statista Inc., 25 Apr 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 2023 Statista, https://www.statista.com/statistics/793970/military-expenditure-share-gdp-latin-america-country/ (last visited November 09, 2024)
Military expenditure as percentage of Gross Domestic Product (GDP) in selected countries of Latin America and the Caribbean in 2023 [Graph], SIPRI, April 25, 2024. [Online]. Available: https://www.statista.com/statistics/793970/military-expenditure-share-gdp-latin-america-country/
