Military spending per armed forces personnel in Chile

Chile: Military spending per armed forces personnel was 50,602 constant 2024 US$ in 2020. ▲ Rising

Latest (2020)
50,602 constant 2024 US$
Change on year
up 18.4%
World rank
50th
of 160 countries
All-time high
50,602 constant 2024 US$
in 2020
All-time low
18,359 constant 2024 US$
in 1995
Years of data
33
1985–2020

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

020.0k40.0k60.0k1985200220201985: 27.6k constant 2024 US$1989: 22.0k constant 2024 US$1990: 20.8k constant 2024 US$1991: 20.8k constant 2024 US$1992: 20.6k constant 2024 US$1993: 22.5k constant 2024 US$1994: 21.5k constant 2024 US$1995: 18.4k constant 2024 US$1996: 19.9k constant 2024 US$1997: 20.5k constant 2024 US$1998: 21.5k constant 2024 US$1999: 22.6k constant 2024 US$2000: 24.9k constant 2024 US$2001: 24.3k constant 2024 US$2002: 25.2k constant 2024 US$2003: 29.4k constant 2024 US$2004: 32.8k constant 2024 US$2005: 33.7k constant 2024 US$2006: 43.2k constant 2024 US$2007: 42.6k constant 2024 US$2008: 45.2k constant 2024 US$2009: 40.3k constant 2024 US$2010: 45.4k constant 2024 US$2011: 48.4k constant 2024 US$2012: 44.4k constant 2024 US$2013: 44.9k constant 2024 US$2014: 44.2k constant 2024 US$2015: 44.1k constant 2024 US$2016: 40.9k constant 2024 US$2017: 42.8k constant 2024 US$2018: 42.7k constant 2024 US$2019: 42.7k constant 2024 US$2020: 50.6k constant 2024 US$

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 Chile is 50,602 constant 2024 US$, measured in 2020. That is the highest value across all 33 years on record.

Compared with earlier readings it is up 18.4% on the previous year and up 11.5% over ten years.

Over the whole period, military spending per armed forces personnel in Chile peaked at 50,602 constant 2024 US$ in 2020 and was at its lowest, 18,359 constant 2024 US$, in 1995.

That places Chile 50th out of 160 countries with data for 2020, putting it in the middle of the range.

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

Military spending per armed forces personnel in Chile, year by year

Annual values for Military spending per armed forces personnel in Chile, 1985 to 2020.
Year constant 2024 US$ Change
1985 27,610 constant 2024 US$
1989 22,029 constant 2024 US$ -20.2%
1990 20,821 constant 2024 US$ -5.5%
1991 20,801 constant 2024 US$ -0.1%
1992 20,610 constant 2024 US$ -0.9%
1993 22,512 constant 2024 US$ +9.2%
1994 21,508 constant 2024 US$ -4.5%
1995 18,359 constant 2024 US$ -14.6%
1996 19,901 constant 2024 US$ +8.4%
1997 20,461 constant 2024 US$ +2.8%
1998 21,543 constant 2024 US$ +5.3%
1999 22,561 constant 2024 US$ +4.7%
2000 24,944 constant 2024 US$ +10.6%
2001 24,317 constant 2024 US$ -2.5%
2002 25,211 constant 2024 US$ +3.7%
2003 29,400 constant 2024 US$ +16.6%
2004 32,783 constant 2024 US$ +11.5%
2005 33,706 constant 2024 US$ +2.8%
2006 43,250 constant 2024 US$ +28.3%
2007 42,583 constant 2024 US$ -1.5%
2008 45,200 constant 2024 US$ +6.1%
2009 40,344 constant 2024 US$ -10.7%
2010 45,393 constant 2024 US$ +12.5%
2011 48,390 constant 2024 US$ +6.6%
2012 44,411 constant 2024 US$ -8.2%
2013 44,938 constant 2024 US$ +1.2%
2014 44,205 constant 2024 US$ -1.6%
2015 44,091 constant 2024 US$ -0.3%
2016 40,892 constant 2024 US$ -7.3%
2017 42,848 constant 2024 US$ +4.8%
2018 42,686 constant 2024 US$ -0.4%
2019 42,736 constant 2024 US$ +0.1%
2020 50,602 constant 2024 US$ +18.4%

Chile compared with similar countries

  • Chile's 50,602 constant 2024 US$ is below the median for high income countries, which is 131,220 constant 2024 US$, 39% of the median. (54 countries reporting)
  • Chile's 50,602 constant 2024 US$ is above the median for Latin America & Caribbean, which is 23,332 constant 2024 US$, 2.2× the median. (22 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1980s 24,819 constant 2024 US$ 22,029 constant 2024 US$ 27,610 constant 2024 US$ 2
1990s 20,908 constant 2024 US$ 18,359 constant 2024 US$ 22,561 constant 2024 US$ 10
2000s 34,174 constant 2024 US$ 24,317 constant 2024 US$ 45,200 constant 2024 US$ 10
2010s 44,059 constant 2024 US$ 40,892 constant 2024 US$ 48,390 constant 2024 US$ 10
2020s 50,602 constant 2024 US$ 50,602 constant 2024 US$ 50,602 constant 2024 US$ 1

Countries ranked near Chile

  1. 47 Seychelles 56,493 constant 2024 US$ compare
  2. 48 Serbia 52,384 constant 2024 US$ compare
  3. 49 Romania 50,816 constant 2024 US$ compare
  4. 51 Kenya 47,176 constant 2024 US$ compare
  5. 52 Malta 47,155 constant 2024 US$ compare
  6. 53 Russia 46,194 constant 2024 US$ compare

See the full ranking of 160 places →

More reference data data for Chile

All data for Chile →

Frequently asked questions

What is military spending per armed forces personnel in Chile?
Military spending per armed forces personnel in Chile was 50,602 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 Chile?
The highest recorded value was 50,602 constant 2024 US$ in 2020.
What is the lowest military spending per armed forces personnel recorded in Chile?
The lowest recorded value was 18,359 constant 2024 US$ in 1995.
How does Chile rank for military spending per armed forces personnel?
Chile ranks 50th out of 160 countries with data for 2020.
Is military spending per armed forces personnel rising or falling in Chile?
Over the last ten years it is up 11.5%. The long-run trend across the full record is rising.
Where does this Chile 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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Military spending per armed forces personnel in Chile. Statizoid, drawing on 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. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/military-spending-per-armed-forces-personnel/chile/

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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.