Colombia: Military expenditure (% of GDP)
In , Colombia's Military expenditure (% of GDP) was 3.36.
That's up 13.3% from 2023, the highest value since .
The global average for this indicator in 2024 was 2.20 . Colombia ranks #20 globally out of 147 reporting countries. Within Latin America & Caribbean, it ranks #1 of 20.
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS) • Data as of 2024
Trend (2005–2024)
Highlights
- Peak
- 3.89
- Trough
- 2.80
- 1-year change
- +13.3%
- 5-year change
- +6.8%
- +1.3% / yr
- 10-year change
- +8.1%
- +0.8% / yr
Historical Data — Last 10 Years
| Year | Military expenditure (% of GDP) |
|---|---|
| 3.3590 | |
| 2.9655 | |
| 2.7980 | |
| 3.1958 | |
| 3.5344 | |
| 3.1457 | |
| 3.0332 | |
| 3.2081 | |
| 3.0711 | |
| 3.1100 |
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 Colombia's Military expenditure (% of GDP) in 2024?
- In 2024, Colombia's Military expenditure (% of GDP) was 3.36, according to World Bank Open Data.
- Is Colombia's Military expenditure (% of GDP) rising or falling?
- Colombia's Military expenditure (% of GDP) rose 13.3% from 2023 to 2024.
- How does Colombia rank globally on Military expenditure (% of GDP)?
- In 2024, Colombia ranked #20 out of 147 countries reporting Military expenditure (% of GDP).
- How does Colombia's Military expenditure (% of GDP) compare to the world average?
- The global average for Military expenditure (% of GDP) in 2024 was 2.20, so Colombia is above the world average. Within Latin America & Caribbean, it ranks #1 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.