Ecuador: value of military spending 2013-2022
In 2022, the government of Ecuador spent approximately 2.41 billion U.S. dollars in the military sector. Compared to the 2.38 billion dollars spent a year earlier, this represents a slight increase. In the last three years, the annual value of military expenditure in Ecuador has been continuously increasing. Further, 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).
