Military expenditure in Venezuela, República Bolivariana de
Venezuela, República Bolivariana de: Military expenditure was 24,358,000,000.00 trillion current LCU in 2024. ◆ Volatile
Military expenditure in Venezuela, República Bolivariana de, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
In 2024, military expenditure in Venezuela, República Bolivariana de stood at 24,358,000,000.00 trillion current LCU. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 122.6% on the previous year and up 69,164,500,000,000.0% over ten years.
Over the whole period, military expenditure in Venezuela, República Bolivariana de peaked at 24,358,000,000.00 trillion current LCU in 2024 and was at its lowest, 384,000 current LCU, in 1961.
That places Venezuela, República Bolivariana de 1st out of 167 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 914,600 current LCU | 384,000 current LCU | 1.20 million current LCU | 10 |
| 1970s | 2.53 million current LCU | 1.20 million current LCU | 3.98 million current LCU | 10 |
| 1980s | 11.59 million current LCU | 4.31 million current LCU | 41.50 million current LCU | 10 |
| 1990s | 333.18 million current LCU | 34.60 million current LCU | 852.90 million current LCU | 10 |
| 2000s | 5.17 billion current LCU | 1.22 billion current LCU | 12.15 billion current LCU | 10 |
| 2010s | 539,483.43 trillion current LCU | 10.31 billion current LCU | 5,391,340.00 trillion current LCU | 10 |
| 2020s | 7,779,214,200.00 trillion current LCU | 81,449,000.00 trillion current LCU | 24,358,000,000.00 trillion current LCU | 5 |
Countries ranked near Venezuela, República Bolivariana de
More public sector data for Venezuela, República Bolivariana de
- Arms imports 98.00 million SIPRI trend indicator values (2023)
- Capital stock, General government, Current prices, Domestic currency 224.16 billion (2019)
- Capital stock, General government, Constant prices, Percent of GDP 1,216 (2019)
- Capital stock, General government, Constant prices, Purchasing power 81.1 (2019)
- Gross fixed capital formation, General government, Current prices 2.46 billion (2019)
- Gross fixed capital formation, General government, Constant prices 13.35 (2019)
- Gross fixed capital formation, General government, Constant prices 0.8905 (2019)
- Revenue, General government, Percent of GDP 11.24 (2030)
- Military expenditure 0 current USD (2024)
- Military expenditure 0.5% (2023)
Frequently asked questions
- What is military expenditure in Venezuela, República Bolivariana de?
- Military expenditure in Venezuela, República Bolivariana de was 24,358,000,000.00 trillion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Venezuela, República Bolivariana de?
- The highest recorded value was 24,358,000,000.00 trillion current LCU in 2024.
- What is the lowest military expenditure recorded in Venezuela, República Bolivariana de?
- The lowest recorded value was 384,000 current LCU in 1961.
- How does Venezuela, República Bolivariana de rank for military expenditure?
- Venezuela, República Bolivariana de ranks 1st out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Venezuela, República Bolivariana de?
- Over the last ten years it is up 69,164,500,000,000.0%. The long-run trend across the full record is volatile.
- Where does this Venezuela, República Bolivariana de 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)