Ecuador: value of military spending 2013-2019
In 2019, the government of Ecuador spent approximately 2.47 billion U.S. dollars in the military sector, down from 2.55 billion dollars a year earlier. In general, the annual value of military expenditure in Ecuador has been decreasing. Nonetheless, Ecuador is among the top three Latin American countries that spends the most on the military sector in relation to its Gross Domestic Product (GDP).
