Military expenditure in local currency rose 11.5% to PYG 2,470 bil in Paraguay in 2019, according to the SIPRI Military Expenditure Database.
Historically, military expenditure in local currency in Paraguay reached an all time high of PYG 2,470 bil in 2019 and an all time low of PYG 0.873 bil in 1960. When compared to Paraguay's main peers, military expenditure in local currency in Argentina amounted to ARS 151 bil, BOB 4.14 bil in Bolivia, BRL 106 bil in Brazil and CLP 3,646 bil in Chile in 2019.
Paraguay has been ranked 11th within the group of 145 countries we follow in terms of military expenditure in local currency, 1 place above the position seen 10 years ago.
| Military Expenditure (Local Currency) | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| Argentina | ARS bil | 66.6 | 90.4 | 108 | 151 | 200 | ||||||||||||||||
| Bolivia | BOB bil | 3.59 | 3.98 | 4.17 | 4.10 | 3.52 | ||||||||||||||||
| Brazil | BRL bil | 84.5 | 93.1 | 103 | 102 | 101 | ||||||||||||||||
| Chile | CLP bil | 3,247 | 3,480 | 3,557 | 3,646 | 4,189 | ||||||||||||||||
| Paraguay | PYG bil | 1,946 | 1,956 | 2,216 | 2,305 | 2,465 | ||||||||||||||||
| Peru | PEN bil | 8.56 | 8.70 | 8.70 | 9.19 | 9.27 | ||||||||||||||||
| Uruguay | UYU bil | 29.8 | 33.4 | 39.1 | 40.7 | 45.8 | ||||||||||||||||
| Venezuela | VEF bil | 108 | 4,440 | 3,489,538 | 5,391,344,960 | 81,449,000,000 |
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