Military expenditure as a share of GDP reached 1.91 % in 2017 in Chile, according to the SIPRI Military Expenditure Database. This is 1.64 % less than in the previous year.
Historically, military expenditure as a share of GDP in Chile reached an all time high of 8.88 % in 1982 and an all time low of 1.91 % in 2015. When compared to Chile's main peers, military expenditure as a share of GDP in Argentina amounted to 0.910 %, 1.76 % in Bolivia, 1.18 % in Paraguay and 2.05 % in Uruguay in 2017.
Chile has been ranked 55th within the group of 146 countries we follow in terms of military expenditure as a share of GDP, 13 places behind the position seen 10 years ago.
Military expenditure is 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.