Brazil had the highest defense budget in Latin America as of 2022, totaling approximately 18.79 billion U.S. dollars. Colombia followed, with over ten billion less than Brazil, with a budget of approximately 8.14 billion dollars. The Portuguese speaking country had also the highest number of military aircraft that year.
Countries with the largest defense budget in Latin America in 2022
(in billion U.S. dollars)
Characteristic
Budget in billion U.S. dollars
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Global Firepower. (April 1, 2022). Countries with the largest defense budget in Latin America in 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/958734/highest-defense-budget-latin-america-country/
Global Firepower. "Countries with the largest defense budget in Latin America in 2022 (in billion U.S. dollars)." Chart. April 1, 2022. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/958734/highest-defense-budget-latin-america-country/
Global Firepower. (2022). Countries with the largest defense budget in Latin America in 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/958734/highest-defense-budget-latin-america-country/
Global Firepower. "Countries with The Largest Defense Budget in Latin America in 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Apr 2022, https://www.statista.com/statistics/958734/highest-defense-budget-latin-america-country/
Global Firepower, Countries with the largest defense budget in Latin America in 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/958734/highest-defense-budget-latin-america-country/ (last visited September 01, 2024)
Countries with the largest defense budget in Latin America in 2022 (in billion U.S. dollars) [Graph], Global Firepower, April 1, 2022. [Online]. Available: https://www.statista.com/statistics/958734/highest-defense-budget-latin-america-country/