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Military expenditure (% of GDP) — all countries

Military expenditure (% of GDP) — Venezuela

Military expenditure (% of GDP) in Venezuela in 2023 — 0.5%. Ranked 142 in the world out of 150. Since 1960, the indicator has fallen by 2.56 pp.

2023 0.5% −0.15 pp vs 2022
World rank 142of 150
Period maximum 3.06%1960
Period minimum 0.15%2018

Trend over time

1960–2023 · % of GDP

Military expenditure (% of GDP) — Venezuela, 1960–20230123419601967197419811988199520022009201620231960: 3.06%1962: 2.31%1964: 2.45%1966: 2.66%1968: 2.68%1970: 2.29%1972: 2.83%1974: 2.31%1976: 1.89%1978: 2.11%1980: 1.7%1982: 2.25%1984: 2.29%1986: 1.65%1988: 1.82%1990: 1.52%1992: 1.64%1994: 1.59%1996: 1.04%1998: 1.59%2000: 1.53%2002: 1.15%2004: 1.29%2006: 1.98%2008: 1.79%2010: 1.01%2012: 1.34%2014: 1.16%2016: 0.45%2018: 0.15%2020: 1.58%2022: 0.65%2023: 0.5%
Change over the period: −2.56 pp Annual average: -0.04 pp

Comparison, 2023

How the value compares with the world and the groups this territory belongs to: Venezuela

Venezuela 0.5%
World 2.31%
Latin America & Caribbean 1.05%
South America computed 1.25%
Military expenditure (% of GDP) — Venezuela, by year Venezuela All countries CSV XLSX
Year % Change, pp
2023 0.5 −0.15 pp
2022 0.65 +0.34 pp
2021 0.31 −1.26 pp
2020 1.58 −0.22 pp
2019 1.79 +1.64 pp
2018 0.15 −2.08 pp
2017 2.23 +1.78 pp
2016 0.45 −0.49 pp
2015 0.94 −0.22 pp
2014 1.16 −0.51 pp
2013 1.67 +0.33 pp
2012 1.34 +0.21 pp
2011 1.13 +0.12 pp
2010 1.01 −0.22 pp
2009 1.23 −0.56 pp
2008 1.79 −0.1 pp
2007 1.89 −0.09 pp
2006 1.98 +0.15 pp
2005 1.83 +0.54 pp
2004 1.29 +0.11 pp
2003 1.18 +0.03 pp
2002 1.15 −0.4 pp
2001 1.56 +0.03 pp
2000 1.53 +0.09 pp
1999 1.44 −0.15 pp
1998 1.59 −0.21 pp
1997 1.8 +0.76 pp
1996 1.04 −0.51 pp
1995 1.55 −0.04 pp
1994 1.59 −0.55 pp
1993 2.15 +0.5 pp
1992 1.64 −0.2 pp
1991 1.84 +0.32 pp
1990 1.52 −1.28 pp
1989 2.79 +0.98 pp
1988 1.82 +0.18 pp
1987 1.63 −0.02 pp
1986 1.65 +0.28 pp
1985 1.37 −0.92 pp
1984 2.29 −0.68 pp
1983 2.97 +0.72 pp
1982 2.25 +0.73 pp
1981 1.52 −0.17 pp
1980 1.7 −0.22 pp
1979 1.92 −0.19 pp
1978 2.11 +0.04 pp
1977 2.07 +0.18 pp
1976 1.89 −0.7 pp
1975 2.59 +0.28 pp
1974 2.31 −0.16 pp
1973 2.47 −0.36 pp
1972 2.83 +0.13 pp
1971 2.7 +0.41 pp
1970 2.29 −0.2 pp
1969 2.5 −0.18 pp
1968 2.68 −0.18 pp
1967 2.86 +0.2 pp
1966 2.66 +0.02 pp
1965 2.64 +0.19 pp
1964 2.45 −0.11 pp
1963 2.55 +0.24 pp
1962 2.31 +0.89 pp
1961 1.42 −1.64 pp
1960 3.06 —

South America, 2023

The same indicator for neighboring countries — with links to their pages

CO Colombia 2.97 EC Ecuador 2.27 UY Uruguay 2.12 CL Chile 1.63 BO Bolivia 1.3 PE Peru 1.24 BR Brazil 1 PY Paraguay 0.92 AR Argentina 0.76 GY Guyana 0.64 VE Venezuela 0.5
Full table for all countries

About the indicator

Military expenditure as a percent of GDP under the SIPRI definition: current and capital spending on the armed forces, including peacekeeping forces, defense ministries, paramilitary forces, military R&D, pensions of military personnel and military aid. The NATO benchmark for member states is at least 2% of GDP.

Source: Military Expenditure Database (SIPRI), license SIPRI terms of use.

Other indicators for Venezuela

Defense Military expenditure in dollars

The absolute volume of defense spending in current US dollars.

Venezuela by year Defense Armed forces personnel

The number of active-duty military personnel and paramilitary forces.

Venezuela by year Economy Government consumption (% of GDP)

The share of GDP taken by government final consumption spending.

Venezuela by year
All indicators for Venezuela