Military spending, per unit of GDP in Argentina

Argentina: Military spending, per unit of GDP was 0.0069 constant 2022 US$ per US$ of GDP in 2023. ◆ Volatile

Latest (2023)
0.0069 constant 2022 US$ per US$ of GDP
Change on year
down 2.2%
World rank
150th
of 170 countries
All-time high
0.1487 constant 2022 US$ per US$ of GDP
in 1960
All-time low
0.0069 constant 2022 US$ per US$ of GDP
in 2023
Years of data
64
1960–2023

Military spending, per unit of GDP in Argentina, 1960–2023

00.050.10.15196019912023

Source: Statizoid (derived). Measured in constant 2022 US$ per US$ of GDP.

Analysis

The most recent figure for military spending, per unit of gdp in Argentina is 0.0069 constant 2022 US$ per US$ of GDP, measured in 2023. That is the lowest value across all 64 years on record.

That represents a change of down 2.2% on the previous year and down 32.3% over ten years.

Over the whole period, military spending, per unit of gdp in Argentina peaked at 0.1487 constant 2022 US$ per US$ of GDP in 1960 and was at its lowest, 0.0069 constant 2022 US$ per US$ of GDP, in 2023.

That places Argentina 150th out of 170 countries with data for 2023, putting it in the bottom quarter.

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

Military spending, per unit of GDP in Argentina, year by year

Annual values for Military spending, per unit of GDP in Argentina, 1960 to 2023.
Year constant 2022 US$ per US$ of GDP Change
1960 0.1487 constant 2022 US$ per US$ of GDP
1961 0.1266 constant 2022 US$ per US$ of GDP -14.9%
1962 0.1473 constant 2022 US$ per US$ of GDP +16.3%
1963 0.133 constant 2022 US$ per US$ of GDP -9.7%
1964 0.1036 constant 2022 US$ per US$ of GDP -22.1%
1965 0.0966 constant 2022 US$ per US$ of GDP -6.8%
1966 0.0967 constant 2022 US$ per US$ of GDP +0.2%
1967 0.1063 constant 2022 US$ per US$ of GDP +9.9%
1968 0.0901 constant 2022 US$ per US$ of GDP -15.2%
1969 0.0831 constant 2022 US$ per US$ of GDP -7.8%
1970 0.0845 constant 2022 US$ per US$ of GDP +1.7%
1971 0.0744 constant 2022 US$ per US$ of GDP -12.0%
1972 0.0797 constant 2022 US$ per US$ of GDP +7.2%
1973 0.0579 constant 2022 US$ per US$ of GDP -27.3%
1974 0.052 constant 2022 US$ per US$ of GDP -10.1%
1975 0.0673 constant 2022 US$ per US$ of GDP +29.3%
1976 0.0754 constant 2022 US$ per US$ of GDP +12.0%
1977 0.0849 constant 2022 US$ per US$ of GDP +12.6%
1978 0.061 constant 2022 US$ per US$ of GDP -28.1%
1979 0.1047 constant 2022 US$ per US$ of GDP +71.6%
1980 0.1144 constant 2022 US$ per US$ of GDP +9.3%
1981 0.1284 constant 2022 US$ per US$ of GDP +12.2%
1982 0.1296 constant 2022 US$ per US$ of GDP +1.0%
1983 0.0831 constant 2022 US$ per US$ of GDP -35.9%
1984 0.0678 constant 2022 US$ per US$ of GDP -18.4%
1985 0.0753 constant 2022 US$ per US$ of GDP +11.0%
1986 0.0543 constant 2022 US$ per US$ of GDP -27.9%
1987 0.0474 constant 2022 US$ per US$ of GDP -12.7%
1988 0.0398 constant 2022 US$ per US$ of GDP -15.9%
1989 0.0562 constant 2022 US$ per US$ of GDP +41.0%
1990 0.0272 constant 2022 US$ per US$ of GDP -51.5%
1991 0.0231 constant 2022 US$ per US$ of GDP -15.0%
1992 0.0231 constant 2022 US$ per US$ of GDP +0.0%
1993 0.0248 constant 2022 US$ per US$ of GDP +7.3%
1994 0.0238 constant 2022 US$ per US$ of GDP -4.1%
1995 0.0235 constant 2022 US$ per US$ of GDP -1.3%
1996 0.0224 constant 2022 US$ per US$ of GDP -4.7%
1997 0.0228 constant 2022 US$ per US$ of GDP +1.9%
1998 0.0223 constant 2022 US$ per US$ of GDP -2.1%
1999 0.0232 constant 2022 US$ per US$ of GDP +3.9%
2000 0.0206 constant 2022 US$ per US$ of GDP -11.1%
2001 0.0206 constant 2022 US$ per US$ of GDP +0.0%
2002 0.0273 constant 2022 US$ per US$ of GDP +32.4%
2003 0.0201 constant 2022 US$ per US$ of GDP -26.3%
2004 0.0147 constant 2022 US$ per US$ of GDP -26.9%
2005 0.0122 constant 2022 US$ per US$ of GDP -17.3%
2006 0.0108 constant 2022 US$ per US$ of GDP -11.5%
2007 0.0095 constant 2022 US$ per US$ of GDP -11.6%
2008 0.0081 constant 2022 US$ per US$ of GDP -14.6%
2009 0.0093 constant 2022 US$ per US$ of GDP +14.9%
2010 0.009 constant 2022 US$ per US$ of GDP -3.6%
2011 0.0087 constant 2022 US$ per US$ of GDP -3.4%
2012 0.0098 constant 2022 US$ per US$ of GDP +12.8%
2013 0.0101 constant 2022 US$ per US$ of GDP +3.5%
2014 0.0107 constant 2022 US$ per US$ of GDP +5.3%
2015 0.0107 constant 2022 US$ per US$ of GDP +0.4%
2016 0.0103 constant 2022 US$ per US$ of GDP -4.0%
2017 0.01 constant 2022 US$ per US$ of GDP -2.9%
2018 0.0096 constant 2022 US$ per US$ of GDP -3.6%
2019 0.0106 constant 2022 US$ per US$ of GDP +10.6%
2020 0.0113 constant 2022 US$ per US$ of GDP +5.7%
2021 0.009 constant 2022 US$ per US$ of GDP -19.6%
2022 0.007 constant 2022 US$ per US$ of GDP -22.5%
2023 0.0069 constant 2022 US$ per US$ of GDP -2.2%

Argentina compared with similar countries

  • Argentina's 0.0069 constant 2022 US$ per US$ of GDP is below the median for upper middle income countries, which is 0.0152 constant 2022 US$ per US$ of GDP, 45% of the median. (49 countries reporting)
  • Argentina's 0.0069 constant 2022 US$ per US$ of GDP is below the median for Latin America & Caribbean, which is 0.0114 constant 2022 US$ per US$ of GDP, 60% of the median. (27 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1960s 0.1132 constant 2022 US$ per US$ of GDP 0.0831 constant 2022 US$ per US$ of GDP 0.1487 constant 2022 US$ per US$ of GDP 10
1970s 0.0742 constant 2022 US$ per US$ of GDP 0.052 constant 2022 US$ per US$ of GDP 0.1047 constant 2022 US$ per US$ of GDP 10
1980s 0.0796 constant 2022 US$ per US$ of GDP 0.0398 constant 2022 US$ per US$ of GDP 0.1296 constant 2022 US$ per US$ of GDP 10
1990s 0.0236 constant 2022 US$ per US$ of GDP 0.0223 constant 2022 US$ per US$ of GDP 0.0272 constant 2022 US$ per US$ of GDP 10
2000s 0.0153 constant 2022 US$ per US$ of GDP 0.0081 constant 2022 US$ per US$ of GDP 0.0273 constant 2022 US$ per US$ of GDP 10
2010s 0.01 constant 2022 US$ per US$ of GDP 0.0087 constant 2022 US$ per US$ of GDP 0.0107 constant 2022 US$ per US$ of GDP 10
2020s 0.0085 constant 2022 US$ per US$ of GDP 0.0069 constant 2022 US$ per US$ of GDP 0.0113 constant 2022 US$ per US$ of GDP 4

Countries ranked near Argentina

  1. 147 Luxembourg 0.0072 constant 2022 US$ per US$ of GDP compare
  2. 148 Benin 0.0072 constant 2022 US$ per US$ of GDP compare
  3. 149 Costa Rica 0.0069 constant 2022 US$ per US$ of GDP compare
  4. 151 Mexico 0.0067 constant 2022 US$ per US$ of GDP compare
  5. 152 Guyana 0.0063 constant 2022 US$ per US$ of GDP compare
  6. 153 Kazakhstan 0.0063 constant 2022 US$ per US$ of GDP compare

See the full ranking of 170 places →

More reference data data for Argentina

All data for Argentina →

Frequently asked questions

What is military spending, per unit of gdp in Argentina?
Military spending, per unit of gdp in Argentina was 0.0069 constant 2022 US$ per US$ of GDP in 2023, according to Statizoid (derived).
What is the highest military spending, per unit of gdp recorded in Argentina?
The highest recorded value was 0.1487 constant 2022 US$ per US$ of GDP in 1960.
What is the lowest military spending, per unit of gdp recorded in Argentina?
The lowest recorded value was 0.0069 constant 2022 US$ per US$ of GDP in 2023.
How does Argentina rank for military spending, per unit of gdp?
Argentina ranks 150th out of 170 countries with data for 2023.
Is military spending, per unit of gdp rising or falling in Argentina?
Over the last ten years it is down 32.3%. The long-run trend across the full record is volatile.
Where does this Argentina data come from?
The figures come from Statizoid (derived), published as part of Military spending, per unit of GDP. Statizoid updates them automatically from the source API.

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Military spending, per unit of GDP in Argentina. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/military-spending-per-unit-of-gdp-2/argentina/

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How this figure is calculated

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Military spending ÷ GDP (current US$)

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Military spending, per unit of GDP
Unit
constant 2022 US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
170 places, 9,064 data points, 1960–2023
Last refreshed

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.