LatAm: value of military spending 2019, by country

In 2019, Brazil ranked first in the annual value of military spending in Latin America, with an expenditure of nearly 27 billion U.S. dollars. It was followed by Colombia with over 10 billion U.S. dollars in military expenditure. Likewise, Brazil is the Latin American country with the largest number of active military personnel in the region.

Military expenditure in Latin America in 2019, by country

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Source

Release date

April 2020

Region

Central and South America, Mexico

Survey time period

2019

Special properties

Based on 2018 constant prices and exchange rates

Supplementary notes

* The source informs that data for the indicated countries remains uncertain due to unreliable inflation figures.

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