In 2023, the government of Ecuador spent approximately 2.73 billion U.S. dollars in the military sector. Compared to the 2.59 billion dollars spent a year earlier, this represents a slight increase. In the last three years, the annual value of military expenditure in Ecuador has been continuously increasing. Further, Ecuador is among the top three Latin American countries that spend the most on the military sector in relation to its Gross Domestic Product (GDP).
Military expenditure in Ecuador from 2020 to 2023
(in billion U.S. dollars)
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SIPRI. (April 25, 2024). Military expenditure in Ecuador from 2020 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/794486/military-spending-value-ecuador/
SIPRI. "Military expenditure in Ecuador from 2020 to 2023 (in billion U.S. dollars)." Chart. April 25, 2024. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/794486/military-spending-value-ecuador/
SIPRI. (2024). Military expenditure in Ecuador from 2020 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/794486/military-spending-value-ecuador/
SIPRI. "Military Expenditure in Ecuador from 2020 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 25 Apr 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/794486/military-spending-value-ecuador/
SIPRI, Military expenditure in Ecuador from 2020 to 2023 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/794486/military-spending-value-ecuador/ (last visited November 13, 2024)
Military expenditure in Ecuador from 2020 to 2023 (in billion U.S. dollars) [Graph], SIPRI, April 25, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/794486/military-spending-value-ecuador/
