Military expenditure in dollars — all countries

Military expenditure in dollars — Venezuela

Military expenditure in dollars in Venezuela in 2024 — 0 US$. Ranked 148 in the world out of 151. Since 1960, the indicator has fallen by 100%.

2024 0 US$ −100% vs 2023
World rank 148of 151
Period maximum 6.2B US$2013
Period minimum 0 US$2024

Trend over time

1960–2024 · US$

Military expenditure in dollars — Venezuela, 1960–202402B4B6B8B19601967197419811988199520022009201620231960: 234,357,740 US$1962: 203,900,683 US$1964: 200,459,770 US$1966: 238,636,364 US$1968: 272,727,273 US$1970: 272,727,273 US$1972: 404,651,163 US$1974: 602,325,581 US$1976: 593,023,256 US$1978: 827,906,977 US$1980: 1,002,325,581 US$1982: 1,523,255,814 US$1984: 1,325,415,047 US$1986: 1,004,536,497 US$1988: 1,096,551,724 US$1990: 737,870,455 US$1992: 992,932,485 US$1994: 939,683,231 US$1996: 733,197,556 US$1998: 1,450,963,992 US$2000: 1,788,322,080 US$2002: 1,071,363,969 US$2004: 1,448,715,983 US$2006: 3,630,088,496 US$2008: 5,660,456,451 US$2010: 3,991,194,835 US$2012: 5,114,847,100 US$2014: 1,554,727,108 US$2016: 218,154,893 US$2018: 763,623,333 US$2020: 2,591,577 US$2022: 4,627,334 US$2024: 0 US$
Change over the period: −234M (−100%)

Comparison, 2024

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

Venezuela 0 US$
World 2.65T US$
South America computed 53.6B US$
Military expenditure in dollars — Venezuela, by year Venezuela All countries CSV XLSX
Year US$ Change Change, %
2024 0 −3.92M −100%
2023 3.92M −710,276 −15.35%
2022 4.63M +2.6M +128.53%
2021 2.02M −566,744 −21.87%
2020 2.59M −1.52M −36.99%
2019 4.11M −760M −99.46%
2018 764M −1.36B −64.11%
2017 2.13B +1.91B +875.42%
2016 218M −102M −31.94%
2015 321M −1.23B −79.38%
2014 1.55B −4.64B −74.92%
2013 6.2B +1.08B +21.21%
2012 5.11B +1.54B +42.97%
2011 3.58B −414M −10.36%
2010 3.99B −64.18M −1.58%
2009 4.06B −1.61B −28.36%
2008 5.66B +1.31B +30.08%
2007 4.35B +721M +19.87%
2006 3.63B +965M +36.19%
2005 2.67B +1.22B +83.98%
2004 1.45B +461M +46.65%
2003 988M −83.47M −7.79%
2002 1.07B −840M −43.95%
2001 1.91B +123M +6.88%
2000 1.79B +380M +27.01%
1999 1.41B −42.9M −2.96%
1998 1.45B −90.07M −5.84%
1997 1.54B +808M +110.18%
1996 733M −466M −38.84%
1995 1.2B +259M +27.58%
1994 940M −348M −27.04%
1993 1.29B +295M +29.71%
1992 993M +9.21M +0.94%
1991 984M +246M +33.32%
1990 738M −458M −38.32%
1989 1.2B +99.7M +9.09%
1988 1.1B +331M +43.24%
1987 766M −239M −23.79%
1986 1B +185M +22.5%
1985 820M −505M −38.13%
1984 1.33B −682M −33.96%
1983 2.01B +484M +31.76%
1982 1.52B +514M +50.92%
1981 1.01B +6.98M +0.7%
1980 1B +76.74M +8.29%
1979 926M +97.67M +11.8%
1978 828M +79.07M +10.56%
1977 749M +156M +26.27%
1976 593M −119M −16.67%
1975 712M +109M +18.15%
1974 602M +181M +43.09%
1973 421M +16.28M +4.02%
1972 405M +52.38M +14.87%
1971 352M +79.55M +29.17%
1970 273M +9.09M +3.45%
1969 264M −9.09M −3.33%
1968 273M +2.27M +0.84%
1967 270M +31.82M +13.33%
1966 239M +11.36M +5%
1965 227M +26.81M +13.38%
1964 200M −44.94M −18.31%
1963 245M +41.5M +20.35%
1962 204M +89.27M +77.87%
1961 115M −120M −51.09%
1960 234M

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.