Military expenditure (current USD), annual growth rate in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Military expenditure (current USD), annual growth rate was -100 % change on previous year in 2024. ◆ Volatile
Latest (2024)
-100 % change on previous year
Change on year
down 551.5%
World rank
163rd
of 164 countries
All-time high
875.43 % change on previous year
in 2017
All-time low
-100 % change on previous year
in 2024
Years of data
64
1961–2024
Military expenditure (current USD), annual growth rate in Venezuela, Bolivarian Republic of, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Venezuela, Bolivarian Republic of recorded -100 % change on previous year for military expenditure (current usd), annual growth rate in 2024. That is the lowest value across all 64 years on record.
That represents a change of down 551.5% on the previous year and down 33.5% over ten years.
Over the whole period, military expenditure (current usd), annual growth rate in Venezuela, Bolivarian Republic of peaked at 875.43 % change on previous year in 2017 and was at its lowest, -100 % change on previous year, in 2024.
Venezuela, Bolivarian Republic of ranks 163rd of 164 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure (current USD), annual growth rate in Venezuela, Bolivarian Republic of, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | -51.09 % change on previous year | — |
| 1962 | 77.87 % change on previous year | -252.4% |
| 1963 | 20.35 % change on previous year | -73.9% |
| 1964 | -18.31 % change on previous year | -190.0% |
| 1965 | 13.38 % change on previous year | -173.0% |
| 1966 | 5 % change on previous year | -62.6% |
| 1967 | 13.33 % change on previous year | +166.7% |
| 1968 | 0.8401 % change on previous year | -93.7% |
| 1969 | -3.33 % change on previous year | -496.8% |
| 1970 | 3.45 % change on previous year | -203.4% |
| 1971 | 29.17 % change on previous year | +745.8% |
| 1972 | 14.87 % change on previous year | -49.0% |
| 1973 | 4.02 % change on previous year | -72.9% |
| 1974 | 43.09 % change on previous year | +971.2% |
| 1975 | 18.15 % change on previous year | -57.9% |
| 1976 | -16.67 % change on previous year | -191.8% |
| 1977 | 26.27 % change on previous year | -257.6% |
| 1978 | 10.56 % change on previous year | -59.8% |
| 1979 | 11.8 % change on previous year | +11.7% |
| 1980 | 8.29 % change on previous year | -29.7% |
| 1981 | 0.6954 % change on previous year | -91.6% |
| 1982 | 50.92 % change on previous year | +7223.0% |
| 1983 | 31.76 % change on previous year | -37.6% |
| 1984 | -33.96 % change on previous year | -206.9% |
| 1985 | -38.13 % change on previous year | +12.3% |
| 1986 | 22.5 % change on previous year | -159.0% |
| 1987 | -23.79 % change on previous year | -205.7% |
| 1988 | 43.24 % change on previous year | -281.7% |
| 1989 | 9.09 % change on previous year | -79.0% |
| 1990 | -38.32 % change on previous year | -521.4% |
| 1991 | 33.32 % change on previous year | -187.0% |
| 1992 | 0.9362 % change on previous year | -97.2% |
| 1993 | 29.71 % change on previous year | +3073.5% |
| 1994 | -27.04 % change on previous year | -191.0% |
| 1995 | 27.58 % change on previous year | -202.0% |
| 1996 | -38.84 % change on previous year | -240.8% |
| 1997 | 110.18 % change on previous year | -383.7% |
| 1998 | -5.84 % change on previous year | -105.3% |
| 1999 | -2.96 % change on previous year | -49.4% |
| 2000 | 27.01 % change on previous year | -1013.4% |
| 2001 | 6.88 % change on previous year | -74.5% |
| 2002 | -43.95 % change on previous year | -738.6% |
| 2003 | -7.79 % change on previous year | -82.3% |
| 2004 | 46.65 % change on previous year | -698.7% |
| 2005 | 83.98 % change on previous year | +80.0% |
| 2006 | 36.19 % change on previous year | -56.9% |
| 2007 | 19.87 % change on previous year | -45.1% |
| 2008 | 30.08 % change on previous year | +51.3% |
| 2009 | -28.36 % change on previous year | -194.3% |
| 2010 | -1.58 % change on previous year | -94.4% |
| 2011 | -10.36 % change on previous year | +554.8% |
| 2012 | 42.97 % change on previous year | -514.6% |
| 2013 | 21.21 % change on previous year | -50.6% |
| 2014 | -74.92 % change on previous year | -453.2% |
| 2015 | -79.38 % change on previous year | +6.0% |
| 2016 | -31.94 % change on previous year | -59.8% |
| 2017 | 875.43 % change on previous year | -2840.7% |
| 2018 | -64.11 % change on previous year | -107.3% |
| 2019 | -99.46 % change on previous year | +55.1% |
| 2020 | -36.99 % change on previous year | -62.8% |
| 2021 | -21.87 % change on previous year | -40.9% |
| 2022 | 128.53 % change on previous year | -687.7% |
| 2023 | -15.35 % change on previous year | -111.9% |
| 2024 | -100 % change on previous year | +551.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.45 % change on previous year | -51.09 % change on previous year | 77.87 % change on previous year | 9 |
| 1970s | 14.47 % change on previous year | -16.67 % change on previous year | 43.09 % change on previous year | 10 |
| 1980s | 7.06 % change on previous year | -38.13 % change on previous year | 50.92 % change on previous year | 10 |
| 1990s | 8.87 % change on previous year | -38.84 % change on previous year | 110.18 % change on previous year | 10 |
| 2000s | 17.06 % change on previous year | -43.95 % change on previous year | 83.98 % change on previous year | 10 |
| 2010s | 57.78 % change on previous year | -99.46 % change on previous year | 875.43 % change on previous year | 10 |
| 2020s | -9.14 % change on previous year | -100 % change on previous year | 128.53 % change on previous year | 5 |
Countries ranked near Venezuela, Bolivarian Republic of
More public sector data for Venezuela, Bolivarian Republic of
- Arms imports 98.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 3.46 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.001 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate -23.39 % change on previous year (2016)
- Arms imports (SIPRI trend indicator values), gaps filled 98.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 0 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 0 current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 111.11 SIPRI trend indicator values per square kilometre (2023)
- Military expenditure (current USD), per square kilometre 4.44 current USD per square kilometre (2023)
Frequently asked questions
- What is military expenditure (current usd), annual growth rate in Venezuela, Bolivarian Republic of?
- Military expenditure (current usd), annual growth rate in Venezuela, Bolivarian Republic of was -100 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), annual growth rate recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 875.43 % change on previous year in 2017.
- What is the lowest military expenditure (current usd), annual growth rate recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was -100 % change on previous year in 2024.
- How does Venezuela, Bolivarian Republic of rank for military expenditure (current usd), annual growth rate?
- Venezuela, Bolivarian Republic of ranks 163rd out of 164 countries with data for 2024.
- Is military expenditure (current usd), annual growth rate rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 33.5%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from Statizoid (derived), published as part of Military expenditure (current USD), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Military expenditure (current USD). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Military expenditure SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Military expenditure (current USD). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.