Military spending per armed forces personnel in Argentina

Argentina: Military spending per armed forces personnel was 40,524 constant 2024 US$ in 2020. ▼ Falling

Latest (2020)
40,524 constant 2024 US$
Change on year
down 6.8%
World rank
59th
of 160 countries
All-time high
88,334 constant 2024 US$
in 1985
All-time low
35,260 constant 2024 US$
in 2002
Years of data
33
1985–2020

Military spending per armed forces personnel in Argentina, 1985–2020

020.0k40.0k60.0k80.0k1985200220201985: 88.3k constant 2024 US$1989: 81.1k constant 2024 US$1990: 61.5k constant 2024 US$1991: 75.0k constant 2024 US$1992: 76.4k constant 2024 US$1993: 72.1k constant 2024 US$1994: 72.7k constant 2024 US$1995: 49.9k constant 2024 US$1996: 42.1k constant 2024 US$1997: 41.2k constant 2024 US$1998: 41.5k constant 2024 US$1999: 43.8k constant 2024 US$2000: 41.5k constant 2024 US$2001: 41.3k constant 2024 US$2002: 35.3k constant 2024 US$2003: 35.8k constant 2024 US$2004: 37.0k constant 2024 US$2005: 38.9k constant 2024 US$2006: 38.2k constant 2024 US$2007: 41.4k constant 2024 US$2008: 41.1k constant 2024 US$2009: 45.4k constant 2024 US$2010: 45.0k constant 2024 US$2011: 44.3k constant 2024 US$2012: 43.8k constant 2024 US$2013: 48.4k constant 2024 US$2014: 50.1k constant 2024 US$2015: 49.7k constant 2024 US$2016: 48.4k constant 2024 US$2017: 52.7k constant 2024 US$2018: 46.8k constant 2024 US$2019: 43.5k constant 2024 US$2020: 40.5k constant 2024 US$

Source: Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.

Analysis

The most recent figure for military spending per armed forces personnel in Argentina is 40,524 constant 2024 US$, measured in 2020.

That represents a change of down 6.8% on the previous year and down 9.9% over ten years.

Over the whole period, military spending per armed forces personnel in Argentina peaked at 88,334 constant 2024 US$ in 1985 and was at its lowest, 35,260 constant 2024 US$, in 2002.

Argentina ranks 59th of 160 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 33 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1980s 84,699 constant 2024 US$ 81,065 constant 2024 US$ 88,334 constant 2024 US$ 2
1990s 57,629 constant 2024 US$ 41,164 constant 2024 US$ 76,449 constant 2024 US$ 10
2000s 39,596 constant 2024 US$ 35,260 constant 2024 US$ 45,433 constant 2024 US$ 10
2010s 47,252 constant 2024 US$ 43,459 constant 2024 US$ 52,661 constant 2024 US$ 10
2020s 40,524 constant 2024 US$ 40,524 constant 2024 US$ 40,524 constant 2024 US$ 1

Countries ranked near Argentina

  1. 56 Lithuania 41,495 constant 2024 US$ compare
  2. 57 Cyprus 41,305 constant 2024 US$ compare
  3. 58 Burkina Faso 41,029 constant 2024 US$ compare
  4. 60 South Africa 40,436 constant 2024 US$ compare
  5. 61 Gabon 39,462 constant 2024 US$ compare
  6. 62 Trinidad and Tobago 38,762 constant 2024 US$ compare

See the full ranking of 160 places →

More reference data data for Argentina

All data for Argentina →

Frequently asked questions

What is military spending per armed forces personnel in Argentina?
Military spending per armed forces personnel in Argentina was 40,524 constant 2024 US$ in 2020, according to Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data.
What is the highest military spending per armed forces personnel recorded in Argentina?
The highest recorded value was 88,334 constant 2024 US$ in 1985.
What is the lowest military spending per armed forces personnel recorded in Argentina?
The lowest recorded value was 35,260 constant 2024 US$ in 2002.
How does Argentina rank for military spending per armed forces personnel?
Argentina ranks 59th out of 160 countries with data for 2020.
Is military spending per armed forces personnel rising or falling in Argentina?
Over the last ten years it is down 9.9%. The long-run trend across the full record is falling.
Where does this Argentina data come from?
The figures come from Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data, published as part of Military spending per armed forces personnel. Statizoid updates them automatically from the source API.

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About this data

Indicator
Military spending per armed forces personnel
Unit
constant 2024 US$
Source
Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
160 places, 4,610 data points, 1985–2020
Last refreshed

Total military expenditure divided by armed forces personnel. 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.