Military expenditure in dollars — all countries

Military expenditure in dollars — Peru

Military expenditure in dollars in Peru in 2024 — 2,565,268,614 US$. Ranked 57 in the world out of 151. Since 1960, the indicator has risen by 5,126.1%.

2024 2.57B US$ −22.47% vs 2023
World rank 57of 151
Period maximum 3.31B US$2015
Period minimum 49.09M US$1960

Trend over time

1960–2024 · US$

Military expenditure in dollars — Peru, 1960–202401B2B3B4B19601967197419811988199520022009201620231960: 49,085,687 US$1962: 66,368,382 US$1964: 120,432,513 US$1966: 145,041,014 US$1968: 113,178,295 US$1970: 218,087,855 US$1972: 276,485,788 US$1974: 454,780,362 US$1976: 778,394,355 US$1978: 665,178,543 US$1980: 948,572,813 US$1982: 1,268,695,337 US$1984: 666,310,916 US$1986: 867,538,985 US$1988: 736,618,231 US$1990: 777,066,945 US$1992: 904,617,805 US$1994: 1,111,161,731 US$1996: 1,396,469,289 US$1998: 1,141,808,874 US$2000: 912,005,731 US$2002: 839,613,252 US$2004: 922,046,074 US$2006: 1,291,060,140 US$2008: 1,503,663,891 US$2010: 2,178,945,723 US$2012: 2,857,983,382 US$2014: 3,217,574,657 US$2016: 2,536,072,335 US$2018: 2,648,683,287 US$2020: 2,653,592,900 US$2022: 2,799,190,985 US$2024: 2,565,268,614 US$
Change over the period: +2.52B (+5,126.1%) Average annual rate: 6.38 %

Comparison, 2024

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

Peru 2.57B US$
World 2.65T US$
South America computed 53.6B US$
Upper-middle-income countries computed 471B US$
Military expenditure in dollars — Peru, by year Peru All countries CSV XLSX
Year US$ Change Change, %
2024 2.57B −743M −22.47%
2023 3.31B +509M +18.2%
2022 2.8B +142M +5.33%
2021 2.66B +3.91M +0.15%
2020 2.65B −113M −4.09%
2019 2.77B +118M +4.46%
2018 2.65B −17.1M −0.64%
2017 2.67B +130M +5.11%
2016 2.54B −776M −23.43%
2015 3.31B +94.64M +2.94%
2014 3.22B −87.88M −2.66%
2013 3.31B +447M +15.66%
2012 2.86B +503M +21.35%
2011 2.36B +176M +8.09%
2010 2.18B +330M +17.87%
2009 1.85B +345M +22.94%
2008 1.5B +171M +12.83%
2007 1.33B +41.6M +3.22%
2006 1.29B +88.02M +7.32%
2005 1.2B +281M +30.47%
2004 922M +30.79M +3.45%
2003 891M +51.64M +6.15%
2002 840M −64.62M −7.15%
2001 904M −7.77M −0.85%
2000 912M −80.21M −8.08%
1999 992M −150M −13.1%
1998 1.14B −36.94M −3.13%
1997 1.18B −218M −15.59%
1996 1.4B −16.99M −1.2%
1995 1.41B +302M +27.21%
1994 1.11B +155M +16.16%
1993 957M +51.97M +5.74%
1992 905M +207M +29.65%
1991 698M −79.33M −10.21%
1990 777M −85.59M −9.92%
1989 863M +126M +17.11%
1988 737M −719M −49.38%
1987 1.46B +588M +67.74%
1986 868M +201M +30.07%
1985 667M +665,548 +0.1%
1984 666M −261M −28.13%
1983 927M −342M −26.92%
1982 1.27B +274M +27.57%
1981 995M +45.94M +4.84%
1980 949M +428M +82.19%
1979 521M −145M −21.73%
1978 665M −366M −35.52%
1977 1.03B +253M +32.53%
1976 778M +67.48M +9.49%
1975 711M +256M +56.32%
1974 455M +90.44M +24.82%
1973 364M +87.86M +31.78%
1972 276M +29.2M +11.81%
1971 247M +29.2M +13.39%
1970 218M +89.15M +69.14%
1969 129M +15.76M +13.93%
1968 113M −131M −53.61%
1967 244M +98.94M +68.21%
1966 145M +12.3M +9.27%
1965 133M +12.3M +10.22%
1964 120M +23.12M +23.75%
1963 97.32M +30.95M +46.63%
1962 66.37M +3.35M +5.31%
1961 63.02M +13.93M +28.39%
1960 49.09M

About the indicator

Military expenditure in current US dollars under the SIPRI definition. It allows absolute defense budgets to be compared, but not military capability: the purchasing power of the dollar in defense differs widely between countries, so equal budgets buy different amounts of personnel and equipment.

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