Military expenditure (current USD), gaps filled in Venezuela
Venezuela: Military expenditure (current USD), gaps filled was 0 current USD in 2024. ◆ Volatile
Military expenditure (current USD), gaps filled in Venezuela, 1960–2024
Source: Statizoid (derived). Measured in current USD.
Analysis
Venezuela recorded 0 current USD for military expenditure (current usd), gaps filled in 2024. That is the lowest value across all 65 years on record.
Compared with earlier readings it is down 100.0% on the previous year and down 100.0% over ten years.
Over the whole period, military expenditure (current usd), gaps filled in Venezuela peaked at 6.20 billion current USD in 2013 and was at its lowest, 0 current USD, in 2024.
That places Venezuela 164th out of 167 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure (current USD), gaps filled in Venezuela, year by year
| Year | current USD | Change |
|---|---|---|
| 1960 | 234.36 million current USD | — |
| 1961 | 114.63 million current USD | -51.1% |
| 1962 | 203.90 million current USD | +77.9% |
| 1963 | 245.40 million current USD | +20.4% |
| 1964 | 200.46 million current USD | -18.3% |
| 1965 | 227.27 million current USD | +13.4% |
| 1966 | 238.64 million current USD | +5.0% |
| 1967 | 270.45 million current USD | +13.3% |
| 1968 | 272.73 million current USD | +0.8% |
| 1969 | 263.64 million current USD | -3.3% |
| 1970 | 272.73 million current USD | +3.4% |
| 1971 | 352.27 million current USD | +29.2% |
| 1972 | 404.65 million current USD | +14.9% |
| 1973 | 420.93 million current USD | +4.0% |
| 1974 | 602.33 million current USD | +43.1% |
| 1975 | 711.63 million current USD | +18.1% |
| 1976 | 593.02 million current USD | -16.7% |
| 1977 | 748.84 million current USD | +26.3% |
| 1978 | 827.91 million current USD | +10.6% |
| 1979 | 925.58 million current USD | +11.8% |
| 1980 | 1.00 billion current USD | +8.3% |
| 1981 | 1.01 billion current USD | +0.7% |
| 1982 | 1.52 billion current USD | +50.9% |
| 1983 | 2.01 billion current USD | +31.8% |
| 1984 | 1.33 billion current USD | -34.0% |
| 1985 | 820.00 million current USD | -38.1% |
| 1986 | 1.00 billion current USD | +22.5% |
| 1987 | 765.52 million current USD | -23.8% |
| 1988 | 1.10 billion current USD | +43.2% |
| 1989 | 1.20 billion current USD | +9.1% |
| 1990 | 737.87 million current USD | -38.3% |
| 1991 | 983.72 million current USD | +33.3% |
| 1992 | 992.93 million current USD | +0.9% |
| 1993 | 1.29 billion current USD | +29.7% |
| 1994 | 939.68 million current USD | -27.0% |
| 1995 | 1.20 billion current USD | +27.6% |
| 1996 | 733.20 million current USD | -38.8% |
| 1997 | 1.54 billion current USD | +110.2% |
| 1998 | 1.45 billion current USD | -5.8% |
| 1999 | 1.41 billion current USD | -3.0% |
| 2000 | 1.79 billion current USD | +27.0% |
| 2001 | 1.91 billion current USD | +6.9% |
| 2002 | 1.07 billion current USD | -43.9% |
| 2003 | 987.89 million current USD | -7.8% |
| 2004 | 1.45 billion current USD | +46.6% |
| 2005 | 2.67 billion current USD | +84.0% |
| 2006 | 3.63 billion current USD | +36.2% |
| 2007 | 4.35 billion current USD | +19.9% |
| 2008 | 5.66 billion current USD | +30.1% |
| 2009 | 4.06 billion current USD | -28.4% |
| 2010 | 3.99 billion current USD | -1.6% |
| 2011 | 3.58 billion current USD | -10.4% |
| 2012 | 5.11 billion current USD | +43.0% |
| 2013 | 6.20 billion current USD | +21.2% |
| 2014 | 1.55 billion current USD | -74.9% |
| 2015 | 320.54 million current USD | -79.4% |
| 2016 | 218.16 million current USD | -31.9% |
| 2017 | 2.13 billion current USD | +875.4% |
| 2018 | 763.62 million current USD | -64.1% |
| 2019 | 4.11 million current USD | -99.5% |
| 2020 | 2.59 million current USD | -37.0% |
| 2021 | 2.02 million current USD | -21.9% |
| 2022 | 4.63 million current USD | +128.5% |
| 2023 | 3.92 million current USD | -15.3% |
| 2024 | 0 current USD | -100.0% |
Venezuela compared with similar countries
- Venezuela's 0 current USD is below the median for lower middle income countries, which is 493.99 million current USD. (40 countries reporting)
- Venezuela's 0 current USD is below the median for Latin America & Caribbean, which is 420.19 million current USD. (24 countries reporting)
Biggest year-on-year movements
Years where Military expenditure (current USD), gaps filled in Venezuela 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 |
|---|---|---|---|
| 2017 | +875.4% | 218.16 million current USD | 2.13 billion current USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 227.15 million current USD | 114.63 million current USD | 272.73 million current USD | 10 |
| 1970s | 585.99 million current USD | 272.73 million current USD | 925.58 million current USD | 10 |
| 1980s | 1.18 billion current USD | 765.52 million current USD | 2.01 billion current USD | 10 |
| 1990s | 1.13 billion current USD | 733.20 million current USD | 1.54 billion current USD | 10 |
| 2000s | 2.76 billion current USD | 987.89 million current USD | 5.66 billion current USD | 10 |
| 2010s | 2.39 billion current USD | 4.11 million current USD | 6.20 billion current USD | 10 |
| 2020s | 2.63 million current USD | 0 current USD | 4.63 million current USD | 5 |
Countries ranked near Venezuela
- 161 Haiti 19.75 million current USD compare
- 162 Cape Verde 16.83 million current USD compare
- 163 Gambia 14.43 million current USD compare
- 164 Costa Rica 0 current USD
- 164 Iceland 0 current USD
- 164 Panama 0 current USD compare
More public sector data for Venezuela
- 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 1 (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 Venezuela?
- Military expenditure (current usd), gaps filled in Venezuela was 0 current USD in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), gaps filled recorded in Venezuela?
- The highest recorded value was 6.20 billion current USD in 2013.
- What is the lowest military expenditure (current usd), gaps filled recorded in Venezuela?
- The lowest recorded value was 0 current USD in 2024.
- How does Venezuela rank for military expenditure (current usd), gaps filled?
- Venezuela ranks 164th out of 167 countries with data for 2024.
- Is military expenditure (current usd), gaps filled rising or falling in Venezuela?
- Over the last ten years it is down 100.0%. The long-run trend across the full record is volatile.
- Where does this Venezuela 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.