Chile Military Spending
Defense budget and military expenditure data (1950–2026)
Key Facts (2026 estimate)
Military Expenditure
$6.1 billion
Ranked #42 of 148 countries worldwide
Percent of GDP
1.8%
Ranked #81 of 157 countries by % of GDP
Year-over-Year Change
+4.8%
From $5.8B in 2025
Historical Peak Spending
$6.2 billion
Reached in 2020
Chile Defense Budget Summary
In 2026, Chile is estimated to have spent $6.1 billion on military and defense, representing 1.8% of the country's Gross Domestic Product (GDP). This budget covers the armed forces including army, navy, and air force expenditures. Chile is the #42 highest military spender in the world by absolute spending.
Compared to the previous year (2025), defense spending increased by 4.8%, from $5.8 billion to $6.1 billion. This change in the military budget reflects growing defense priorities.
The highest percentage of GDP allocated to defense spending was 8.9% in 1982. The historical average military budget is 3.5% of GDP.
Data source: SIPRI Military Expenditure Database. Values are in constant 2023 US dollars. Data for 2026 is an estimate based on government budget announcements.
Historical Military Spending
Military Spending (% of GDP)
Military Spending (USD Billions, 2023 prices)
Historical Data
| Year | Percent of GDP | USD (millions) |
|---|---|---|
| 2026(estimate) | 1.80% | $6,074M |
| 2025(estimate) | 1.80% | $5,798M |
| 2024 | 1.58% | $5,521M |
| 2023 | 1.63% | $5,470M |
| 2022 | 1.54% | $5,207M |
| 2021 | 1.65% | $5,643M |
| 2020 | 2.07% | $6,212M |
| 2019 | 1.86% | $5,615M |
| 2018 | 1.88% | $5,617M |
| 2017 | 1.94% | $5,630M |
| 2016 | 1.92% | $5,368M |
| 2015 | 1.91% | $5,197M |
| 2014 | 1.97% | $5,210M |
| 2013 | 1.99% | $5,135M |
| 2012 | 2.05% | $5,074M |
| 2011 | 2.26% | $5,407M |
| 2010 | 2.25% | $5,073M |
| 2009 | 2.28% | $4,509M |
| 2008 | 2.58% | $5,014M |
| 2007 | 2.33% | $4,723M |