Military expenditure in USD prices reached 4.59 USD bil in 2015 in Chile, according to the SIPRI Military Expenditure Database. This is 11.4 % less than in the previous year.
Historically, military expenditure in USD prices in Chile reached an all time high of 5.48 USD bil in 2012 and an all time low of 0.981 USD bil in 1989. When compared to Chile's main peers, military expenditure in USD prices in Argentina amounted to 4.67 USD bil, 0.535 USD bil in Bolivia, 0.461 USD bil in Paraguay and 0.971 USD bil in Uruguay in 2015.
Chile has been ranked 38th within the group of 136 countries we follow in terms of military expenditure in USD prices, 1 places above the position seen 10 years ago.
Military expenditure data are derived from the NATO definition, which includes all current and capital expenditure on the armed forces, including peacekeeping forces, defence ministries and other government agencies engaged in defence projects, paramilitary forces, if these are judged to be trained and equipped for military operations, and military space activities.