Chile: Military expenditure (% of GDP)
In , Chile's Military expenditure (% of GDP) was 1.58.
That's down 3.2% from 2023, the highest value since .
The global average for this indicator in 2024 was 2.20 . Chile ranks #75 globally out of 147 reporting countries. Within Latin America & Caribbean, it ranks #4 of 20.
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS) • Data as of 2024
Trend (2005–2024)
Highlights
- Peak
- 2.58
- Trough
- 1.54
- 1-year change
- -3.2%
- 5-year change
- -15.4%
- -3.3% / yr
- 10-year change
- -19.8%
- -2.2% / yr
Historical Data — Last 10 Years
| Year | Military expenditure (% of GDP) |
|---|---|
| 1.5778 | |
| 1.6303 | |
| 1.5410 | |
| 1.6474 | |
| 2.0655 | |
| 1.8647 | |
| 1.8776 | |
| 1.9406 | |
| 1.9242 | |
| 1.9096 |
About Military expenditure (% of GDP)
Military expenditure by country as percentage of gross domestic product
Indicator code: MS.MIL.XPND.GD.ZS • Category: Public Sector
Frequently asked questions
- What was Chile's Military expenditure (% of GDP) in 2024?
- In 2024, Chile's Military expenditure (% of GDP) was 1.58, according to World Bank Open Data.
- Is Chile's Military expenditure (% of GDP) rising or falling?
- Chile's Military expenditure (% of GDP) fell 3.2% from 2023 to 2024.
- How does Chile rank globally on Military expenditure (% of GDP)?
- In 2024, Chile ranked #75 out of 147 countries reporting Military expenditure (% of GDP).
- How does Chile's Military expenditure (% of GDP) compare to the world average?
- The global average for Military expenditure (% of GDP) in 2024 was 2.20, so Chile is below the world average. Within Latin America & Caribbean, it ranks #4 of 20.
- What is Military expenditure (% of GDP) and how is it measured?
- Military expenditure by country as percentage of gross domestic product
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS), CC BY 4.0.