Military expenditure in Colombia
Colombia: Military expenditure was 56.54 trillion current LCU in 2024. ◆ Volatile
Military expenditure in Colombia, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
In 2024, military expenditure in Colombia stood at 56.54 trillion current LCU. That is the highest value across all 65 years on record.
The figure is up 21.2% on the previous year and up 138.4% over ten years.
Over the whole period, military expenditure in Colombia peaked at 56.54 trillion current LCU in 2024 and was at its lowest, 504.00 million current LCU, in 1960.
That places Colombia 7th out of 167 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.69 billion current LCU | 504.00 million current LCU | 2.59 billion current LCU | 10 |
| 1970s | 8.05 billion current LCU | 3.00 billion current LCU | 19.90 billion current LCU | 10 |
| 1980s | 126.20 billion current LCU | 28.90 billion current LCU | 331.00 billion current LCU | 10 |
| 1990s | 2.57 trillion current LCU | 447.00 billion current LCU | 5.70 trillion current LCU | 10 |
| 2000s | 11.77 trillion current LCU | 6.32 trillion current LCU | 19.50 trillion current LCU | 10 |
| 2010s | 25.13 trillion current LCU | 19.05 trillion current LCU | 33.35 trillion current LCU | 10 |
| 2020s | 43.54 trillion current LCU | 35.29 trillion current LCU | 56.54 trillion current LCU | 5 |
Countries ranked near Colombia
More public sector data for Colombia
- Arms imports 19.00 million SIPRI trend indicator values (2024)
- Tax revenue 15.2% (2024)
- Taxes on income, profits and capital gains 24.1% (2024)
- Taxes on goods and services 24.3% (2024)
- Net investment in nonfinancial assets 0.8% (2024)
- Net lending (+) / net borrowing (-) -4.6% (2024)
- Interest payments 13.9% (2024)
- Grants and other revenue 28.4% (2024)
- Interest payments 13.2% (2023)
- Other taxes 1.8% (2024)
Frequently asked questions
- What is military expenditure in Colombia?
- Military expenditure in Colombia was 56.54 trillion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Colombia?
- The highest recorded value was 56.54 trillion current LCU in 2024.
- What is the lowest military expenditure recorded in Colombia?
- The lowest recorded value was 504.00 million current LCU in 1960.
- How does Colombia rank for military expenditure?
- Colombia ranks 7th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Colombia?
- Over the last ten years it is up 138.4%. The long-run trend across the full record is volatile.
- Where does this Colombia data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Military expenditure in local currency at current prices (by calendar year)