Military expenditure (current USD), gaps filled in Peru
Peru: Military expenditure (current USD), gaps filled was 2.57 billion current USD in 2024. ◆ Volatile
Military expenditure (current USD), gaps filled in Peru, 1960–2024
Source: Statizoid (derived). Measured in current USD.
Analysis
In 2024, military expenditure (current usd), gaps filled in Peru stood at 2.57 billion current USD.
The figure is down 22.5% on the previous year and down 20.3% over ten years.
Over the whole period, military expenditure (current usd), gaps filled in Peru peaked at 3.31 billion current USD in 2015 and was at its lowest, 49.09 million current USD, in 1960.
Peru ranks 60th of 167 countries on this measure, 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 USD), gaps filled in Peru, year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 49.09 million current USD | — |
| 1961 | 63.02 million current USD | +28.4% |
| 1962 | 66.37 million current USD | +5.3% |
| 1963 | 97.32 million current USD | +46.6% |
| 1964 | 120.43 million current USD | +23.8% |
| 1965 | 132.74 million current USD | +10.2% |
| 1966 | 145.04 million current USD | +9.3% |
| 1967 | 243.98 million current USD | +68.2% |
| 1968 | 113.18 million current USD | -53.6% |
| 1969 | 128.94 million current USD | +13.9% |
| 1970 | 218.09 million current USD | +69.1% |
| 1971 | 247.29 million current USD | +13.4% |
| 1972 | 276.49 million current USD | +11.8% |
| 1973 | 364.34 million current USD | +31.8% |
| 1974 | 454.78 million current USD | +24.8% |
| 1975 | 710.91 million current USD | +56.3% |
| 1976 | 778.39 million current USD | +9.5% |
| 1977 | 1.03 billion current USD | +32.5% |
| 1978 | 665.18 million current USD | -35.5% |
| 1979 | 520.65 million current USD | -21.7% |
| 1980 | 948.57 million current USD | +82.2% |
| 1981 | 994.51 million current USD | +4.8% |
| 1982 | 1.27 billion current USD | +27.6% |
| 1983 | 927.16 million current USD | -26.9% |
| 1984 | 666.31 million current USD | -28.1% |
| 1985 | 666.98 million current USD | +0.1% |
| 1986 | 867.54 million current USD | +30.1% |
| 1987 | 1.46 billion current USD | +67.7% |
| 1988 | 736.62 million current USD | -49.4% |
| 1989 | 862.65 million current USD | +17.1% |
| 1990 | 777.07 million current USD | -9.9% |
| 1991 | 697.74 million current USD | -10.2% |
| 1992 | 904.62 million current USD | +29.7% |
| 1993 | 956.59 million current USD | +5.7% |
| 1994 | 1.11 billion current USD | +16.2% |
| 1995 | 1.41 billion current USD | +27.2% |
| 1996 | 1.40 billion current USD | -1.2% |
| 1997 | 1.18 billion current USD | -15.6% |
| 1998 | 1.14 billion current USD | -3.1% |
| 1999 | 992.22 million current USD | -13.1% |
| 2000 | 912.01 million current USD | -8.1% |
| 2001 | 904.24 million current USD | -0.9% |
| 2002 | 839.61 million current USD | -7.1% |
| 2003 | 891.25 million current USD | +6.2% |
| 2004 | 922.05 million current USD | +3.5% |
| 2005 | 1.20 billion current USD | +30.5% |
| 2006 | 1.29 billion current USD | +7.3% |
| 2007 | 1.33 billion current USD | +3.2% |
| 2008 | 1.50 billion current USD | +12.8% |
| 2009 | 1.85 billion current USD | +22.9% |
| 2010 | 2.18 billion current USD | +17.9% |
| 2011 | 2.36 billion current USD | +8.1% |
| 2012 | 2.86 billion current USD | +21.3% |
| 2013 | 3.31 billion current USD | +15.7% |
| 2014 | 3.22 billion current USD | -2.7% |
| 2015 | 3.31 billion current USD | +2.9% |
| 2016 | 2.54 billion current USD | -23.4% |
| 2017 | 2.67 billion current USD | +5.1% |
| 2018 | 2.65 billion current USD | -0.6% |
| 2019 | 2.77 billion current USD | +4.5% |
| 2020 | 2.65 billion current USD | -4.1% |
| 2021 | 2.66 billion current USD | +0.1% |
| 2022 | 2.80 billion current USD | +5.3% |
| 2023 | 3.31 billion current USD | +18.2% |
| 2024 | 2.57 billion current USD | -22.5% |
Peru compared with similar countries
- Peru's 2.57 billion current USD is above the median for upper middle income countries, which is 1.38 billion current USD, 1.9× the median. (48 countries reporting)
- Peru's 2.57 billion current USD is above the median for Latin America & Caribbean, which is 420.19 million current USD, 6.1× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 116.01 million current USD | 49.09 million current USD | 243.98 million current USD | 10 |
| 1970s | 526.78 million current USD | 218.09 million current USD | 1.03 billion current USD | 10 |
| 1980s | 939.43 million current USD | 666.31 million current USD | 1.46 billion current USD | 10 |
| 1990s | 1.06 billion current USD | 697.74 million current USD | 1.41 billion current USD | 10 |
| 2000s | 1.16 billion current USD | 839.61 million current USD | 1.85 billion current USD | 10 |
| 2010s | 2.78 billion current USD | 2.18 billion current USD | 3.31 billion current USD | 10 |
| 2020s | 2.80 billion current USD | 2.57 billion current USD | 3.31 billion current USD | 5 |
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)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military expenditure (current usd), gaps filled in Peru?
- Military expenditure (current usd), gaps filled in Peru was 2.57 billion current USD in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), gaps filled recorded in Peru?
- The highest recorded value was 3.31 billion current USD in 2015.
- What is the lowest military expenditure (current usd), gaps filled recorded in Peru?
- The lowest recorded value was 49.09 million current USD in 1960.
- How does Peru rank for military expenditure (current usd), gaps filled?
- Peru ranks 60th out of 167 countries with data for 2024.
- Is military expenditure (current usd), gaps filled rising or falling in Peru?
- Over the last ten years it is down 20.3%. The long-run trend across the full record is volatile.
- Where does this Peru data come from?
- The figures come from Statizoid (derived), published as part of Military expenditure (current USD), gaps filled. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Military expenditure (current USD) with 107 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.
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
Military expenditure (current USD) with 107 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.