Military spending in Colombia

Colombia: Military spending was 12.36 billion constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
12.36 billion constant 2022 US$
Change on year
up 1.3%
World rank
27th
of 172 countries
All-time high
13.24 billion constant 2022 US$
in 2019
All-time low
7.96 million constant 2022 US$
in 1866
Years of data
193
1831–2023

Military spending in Colombia, 1831–2023

05.0B10.0B15.0B183119272023

Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.

Analysis

In 2023, military spending in Colombia stood at 12.36 billion constant 2022 US$.

The figure is up 1.3% on the previous year and up 7.8% over ten years.

Over the whole period, military spending in Colombia peaked at 13.24 billion constant 2022 US$ in 2019 and was at its lowest, 7.96 million constant 2022 US$, in 1866.

That places Colombia 27th out of 172 countries with data for 2023, putting it in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1830s 61.66 million constant 2022 US$ 56.99 million constant 2022 US$ 68.02 million constant 2022 US$ 9
1840s 66.72 million constant 2022 US$ 57.04 million constant 2022 US$ 74.14 million constant 2022 US$ 10
1850s 37.99 million constant 2022 US$ 27.14 million constant 2022 US$ 50.44 million constant 2022 US$ 10
1860s 13.18 million constant 2022 US$ 7.96 million constant 2022 US$ 24.55 million constant 2022 US$ 10
1870s 15.33 million constant 2022 US$ 9.47 million constant 2022 US$ 27.00 million constant 2022 US$ 10
1880s 30.47 million constant 2022 US$ 23.00 million constant 2022 US$ 34.19 million constant 2022 US$ 10
1890s 31.59 million constant 2022 US$ 25.66 million constant 2022 US$ 63.91 million constant 2022 US$ 10
1900s 49.28 million constant 2022 US$ 39.91 million constant 2022 US$ 67.21 million constant 2022 US$ 10
1910s 52.68 million constant 2022 US$ 38.77 million constant 2022 US$ 59.39 million constant 2022 US$ 10
1920s 58.15 million constant 2022 US$ 38.40 million constant 2022 US$ 86.36 million constant 2022 US$ 10
1930s 111.62 million constant 2022 US$ 70.09 million constant 2022 US$ 189.17 million constant 2022 US$ 10
1940s 213.83 million constant 2022 US$ 143.79 million constant 2022 US$ 396.12 million constant 2022 US$ 10
1950s 629.50 million constant 2022 US$ 199.03 million constant 2022 US$ 961.05 million constant 2022 US$ 10
1960s 677.10 million constant 2022 US$ 420.83 million constant 2022 US$ 847.91 million constant 2022 US$ 10
1970s 641.67 million constant 2022 US$ 541.09 million constant 2022 US$ 969.28 million constant 2022 US$ 10
1980s 970.43 million constant 2022 US$ 742.57 million constant 2022 US$ 1.17 billion constant 2022 US$ 10
1990s 3.15 billion constant 2022 US$ 1.66 billion constant 2022 US$ 4.93 billion constant 2022 US$ 10
2000s 6.84 billion constant 2022 US$ 4.62 billion constant 2022 US$ 10.94 billion constant 2022 US$ 10
2010s 11.32 billion constant 2022 US$ 8.86 billion constant 2022 US$ 13.24 billion constant 2022 US$ 10
2020s 12.32 billion constant 2022 US$ 12.18 billion constant 2022 US$ 12.53 billion constant 2022 US$ 4

Countries ranked near Colombia

  1. 24 Singapore 15.39 billion constant 2022 US$ compare
  2. 25 Qatar 14.38 billion constant 2022 US$ compare
  3. 26 Pakistan 12.37 billion constant 2022 US$ compare
  4. 28 Mexico 12.06 billion constant 2022 US$ compare
  5. 29 Indonesia 11.67 billion constant 2022 US$ compare
  6. 30 Norway 10.47 billion constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Colombia

All data for Colombia →

Frequently asked questions

What is military spending in Colombia?
Military spending in Colombia was 12.36 billion constant 2022 US$ in 2023, according to Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
What is the highest military spending recorded in Colombia?
The highest recorded value was 13.24 billion constant 2022 US$ in 2019.
What is the lowest military spending recorded in Colombia?
The lowest recorded value was 7.96 million constant 2022 US$ in 1866.
How does Colombia rank for military spending?
Colombia ranks 27th out of 172 countries with data for 2023.
Is military spending rising or falling in Colombia?
Over the last ten years it is up 7.8%. The long-run trend across the full record is volatile.
Where does this Colombia data come from?
The figures come from Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 193 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.