Ranking the military powers of Latin America region by country, from strongest to weakest.
The GFP list makes use of over 60 factors in our in-house formula to determine a given nation's Power Index ('PwrIndx') score. This provides the final ranking while also allowing smaller, more technologically-advanced, nations to compete with larger, lesser-developed ones. Some bonuses and penalties are added for refinement that, in the end, we hope presents an unbiased look into the potential conventional military strength of a world power. Color arrows indicate year-over-year trend comparison (Increase, Stable, Decline).
There are a total of 19countries included in the Latin American Military Powers Ranked (2023) annual defense review.
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