Military expenditure (current LCU) in Peru
Peru: Military expenditure (current LCU) was 9.27 billion current LCU in 2025. ◆ Volatile
Latest (2025)
9.27 billion current LCU
Change on year
down 2.9%
World rank
105th
of 168 countries
All-time high
12.38 billion current LCU
in 2023
All-time low
1.34 current LCU
in 1960
Years of data
66
1960–2025
Military expenditure in Peru, 1960–2025
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
Peru recorded 9.27 billion current LCU for military expenditure in 2025.
That represents a change of down 2.9% on the previous year and down 12.2% over ten years.
Over the whole period, military expenditure in Peru peaked at 12.38 billion current LCU in 2023 and was at its lowest, 1.34 current LCU, in 1960.
That places Peru 105th out of 168 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure (current LCU) in Peru, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 1.34 current LCU | — |
| 1961 | 1.69 current LCU | +26.1% |
| 1962 | 1.78 current LCU | +5.3% |
| 1963 | 2.61 current LCU | +46.6% |
| 1964 | 3.23 current LCU | +23.8% |
| 1965 | 3.56 current LCU | +10.2% |
| 1966 | 3.89 current LCU | +9.3% |
| 1967 | 7.38 current LCU | +89.7% |
| 1968 | 4.38 current LCU | -40.7% |
| 1969 | 4.99 current LCU | +13.9% |
| 1970 | 8.44 current LCU | +69.1% |
| 1971 | 9.57 current LCU | +13.4% |
| 1972 | 10.7 current LCU | +11.8% |
| 1973 | 14.1 current LCU | +31.8% |
| 1974 | 17.6 current LCU | +24.8% |
| 1975 | 28.7 current LCU | +63.1% |
| 1976 | 43.4 current LCU | +51.2% |
| 1977 | 86.9 current LCU | +100.2% |
| 1978 | 104 current LCU | +19.7% |
| 1979 | 117 current LCU | +12.5% |
| 1980 | 274 current LCU | +134.2% |
| 1981 | 420 current LCU | +53.3% |
| 1982 | 885 current LCU | +110.7% |
| 1983 | 1,510 current LCU | +70.6% |
| 1984 | 2,310 current LCU | +53.0% |
| 1985 | 7,320 current LCU | +216.9% |
| 1986 | 12,100 current LCU | +65.3% |
| 1987 | 24,500 current LCU | +102.5% |
| 1988 | 94,900 current LCU | +287.3% |
| 1989 | 2.30 million current LCU | +2323.6% |
| 1990 | 146.00 million current LCU | +6247.8% |
| 1991 | 539.00 million current LCU | +269.2% |
| 1992 | 1.13 billion current LCU | +109.1% |
| 1993 | 1.90 billion current LCU | +68.8% |
| 1994 | 2.44 billion current LCU | +28.2% |
| 1995 | 3.19 billion current LCU | +30.6% |
| 1996 | 3.43 billion current LCU | +7.6% |
| 1997 | 3.14 billion current LCU | -8.3% |
| 1998 | 3.35 billion current LCU | +6.5% |
| 1999 | 3.36 billion current LCU | +0.3% |
| 2000 | 3.18 billion current LCU | -5.2% |
| 2001 | 3.17 billion current LCU | -0.4% |
| 2002 | 2.95 billion current LCU | -6.9% |
| 2003 | 3.10 billion current LCU | +5.0% |
| 2004 | 3.15 billion current LCU | +1.5% |
| 2005 | 3.97 billion current LCU | +26.0% |
| 2006 | 4.23 billion current LCU | +6.6% |
| 2007 | 4.17 billion current LCU | -1.4% |
| 2008 | 4.40 billion current LCU | +5.5% |
| 2009 | 5.57 billion current LCU | +26.6% |
| 2010 | 6.16 billion current LCU | +10.6% |
| 2011 | 6.49 billion current LCU | +5.4% |
| 2012 | 7.54 billion current LCU | +16.2% |
| 2013 | 8.93 billion current LCU | +18.5% |
| 2014 | 9.13 billion current LCU | +2.3% |
| 2015 | 10.55 billion current LCU | +15.5% |
| 2016 | 8.56 billion current LCU | -18.8% |
| 2017 | 8.70 billion current LCU | +1.7% |
| 2018 | 8.70 billion current LCU | -0.0% |
| 2019 | 9.19 billion current LCU | +5.6% |
| 2020 | 9.27 billion current LCU | +0.9% |
| 2021 | 10.23 billion current LCU | +10.4% |
| 2022 | 10.73 billion current LCU | +4.9% |
| 2023 | 12.38 billion current LCU | +15.4% |
| 2024 | 9.54 billion current LCU | -22.9% |
| 2025 | 9.27 billion current LCU | -2.9% |
Peru compared with similar countries
- Peru's 9.27 billion current LCU is below the median for upper middle income countries, which is 55.44 billion current LCU, 17% of the median. (48 countries reporting)
- Peru's 9.27 billion current LCU is below the median for Latin America & Caribbean, which is 12.18 billion current LCU, 76% of the median. (24 countries reporting)
Biggest year-on-year movements
Years where Military expenditure (current LCU) in Peru changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1990 | +6247.8% | 2.30 million current LCU | 146.00 million current LCU |
| 1989 | +2323.6% | 94,900 current LCU | 2.30 million current LCU |
| 1988 | +287.3% | 24,500 current LCU | 94,900 current LCU |
| 1991 | +269.2% | 146.00 million current LCU | 539.00 million current LCU |
| 1985 | +216.9% | 2,310 current LCU | 7,320 current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.49 current LCU | 1.34 current LCU | 7.38 current LCU | 10 |
| 1970s | 44.04 current LCU | 8.44 current LCU | 117 current LCU | 10 |
| 1980s | 244,422 current LCU | 274 current LCU | 2.30 million current LCU | 10 |
| 1990s | 2.26 billion current LCU | 146.00 million current LCU | 3.43 billion current LCU | 10 |
| 2000s | 3.79 billion current LCU | 2.95 billion current LCU | 5.57 billion current LCU | 10 |
| 2010s | 8.40 billion current LCU | 6.16 billion current LCU | 10.55 billion current LCU | 10 |
| 2020s | 10.24 billion current LCU | 9.27 billion current LCU | 12.38 billion current LCU | 6 |
Countries ranked near Peru
More public sector data for Peru
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 90.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.1169 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -81.82 % change on previous year (2024)
Frequently asked questions
- What is military expenditure in Peru?
- Military expenditure in Peru was 9.27 billion current LCU in 2025, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Peru?
- The highest recorded value was 12.38 billion current LCU in 2023.
- What is the lowest military expenditure recorded in Peru?
- The lowest recorded value was 1.34 current LCU in 1960.
- How does Peru rank for military expenditure?
- Peru ranks 105th out of 168 countries with data for 2025.
- Is military expenditure rising or falling in Peru?
- Over the last ten years it is down 12.2%. The long-run trend across the full record is volatile.
- Where does this Peru data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
Military expenditure in local currency at current prices (by calendar year)