Military expenditure (current USD), per unit of GDP in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Military expenditure (current USD), per unit of GDP was 0 current USD per US$ of GDP in 2024. ▼ Falling
Military expenditure (current USD), per unit of GDP in Venezuela, Bolivarian Republic of, 1960–2024
Source: Statizoid (derived). Measured in current USD per US$ of GDP.
Analysis
The most recent figure for military expenditure (current usd), per unit of gdp in Venezuela, Bolivarian Republic of is 0 current USD per US$ of GDP, measured in 2024. That is the lowest value across all 65 years on record.
That represents a change of down 100.0% on the previous year and down 100.0% over ten years.
Over the whole period, military expenditure (current usd), per unit of gdp in Venezuela, Bolivarian Republic of peaked at 0.0306 current USD per US$ of GDP in 1960 and was at its lowest, 0 current USD per US$ of GDP, in 2024.
Venezuela, Bolivarian Republic of ranks 163rd of 166 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 65 years of available data.
Military expenditure (current USD), per unit of GDP in Venezuela, Bolivarian Republic of, year by year
| Year | current USD per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.0306 current USD per US$ of GDP | — |
| 1961 | 0.0142 current USD per US$ of GDP | -53.5% |
| 1962 | 0.0231 current USD per US$ of GDP | +62.8% |
| 1963 | 0.0255 current USD per US$ of GDP | +10.4% |
| 1964 | 0.0245 current USD per US$ of GDP | -4.2% |
| 1965 | 0.027 current USD per US$ of GDP | +10.2% |
| 1966 | 0.0272 current USD per US$ of GDP | +0.8% |
| 1967 | 0.0292 current USD per US$ of GDP | +7.6% |
| 1968 | 0.0272 current USD per US$ of GDP | -7.0% |
| 1969 | 0.0256 current USD per US$ of GDP | -5.7% |
| 1970 | 0.0236 current USD per US$ of GDP | -8.0% |
| 1971 | 0.0271 current USD per US$ of GDP | +15.0% |
| 1972 | 0.0289 current USD per US$ of GDP | +6.7% |
| 1973 | 0.0247 current USD per US$ of GDP | -14.6% |
| 1974 | 0.0231 current USD per US$ of GDP | -6.6% |
| 1975 | 0.0259 current USD per US$ of GDP | +12.3% |
| 1976 | 0.0189 current USD per US$ of GDP | -27.2% |
| 1977 | 0.0207 current USD per US$ of GDP | +9.6% |
| 1978 | 0.0211 current USD per US$ of GDP | +1.8% |
| 1979 | 0.0192 current USD per US$ of GDP | -9.0% |
| 1980 | 0.017 current USD per US$ of GDP | -11.5% |
| 1981 | 0.0152 current USD per US$ of GDP | -10.3% |
| 1982 | 0.0225 current USD per US$ of GDP | +47.8% |
| 1983 | 0.0297 current USD per US$ of GDP | +32.1% |
| 1984 | 0.0221 current USD per US$ of GDP | -25.5% |
| 1985 | 0.0132 current USD per US$ of GDP | -40.2% |
| 1986 | 0.0166 current USD per US$ of GDP | +25.4% |
| 1987 | 0.0159 current USD per US$ of GDP | -4.0% |
| 1988 | 0.0182 current USD per US$ of GDP | +14.2% |
| 1989 | 0.0275 current USD per US$ of GDP | +50.9% |
| 1990 | 0.0152 current USD per US$ of GDP | -44.8% |
| 1991 | 0.0184 current USD per US$ of GDP | +21.2% |
| 1992 | 0.0164 current USD per US$ of GDP | -10.7% |
| 1993 | 0.0215 current USD per US$ of GDP | +30.5% |
| 1994 | 0.0161 current USD per US$ of GDP | -25.0% |
| 1995 | 0.0155 current USD per US$ of GDP | -3.7% |
| 1996 | 0.0104 current USD per US$ of GDP | -32.9% |
| 1997 | 0.018 current USD per US$ of GDP | +72.7% |
| 1998 | 0.0159 current USD per US$ of GDP | -11.5% |
| 1999 | 0.0144 current USD per US$ of GDP | -9.5% |
| 2000 | 0.0153 current USD per US$ of GDP | +6.2% |
| 2001 | 0.0156 current USD per US$ of GDP | +1.9% |
| 2002 | 0.0115 current USD per US$ of GDP | -25.8% |
| 2003 | 0.0118 current USD per US$ of GDP | +2.4% |
| 2004 | 0.0129 current USD per US$ of GDP | +9.0% |
| 2005 | 0.0183 current USD per US$ of GDP | +42.2% |
| 2006 | 0.0198 current USD per US$ of GDP | +8.0% |
| 2007 | 0.0189 current USD per US$ of GDP | -4.5% |
| 2008 | 0.0179 current USD per US$ of GDP | -5.2% |
| 2009 | 0.0123 current USD per US$ of GDP | -31.4% |
| 2010 | 0.0102 current USD per US$ of GDP | -17.5% |
| 2011 | 0.0113 current USD per US$ of GDP | +11.4% |
| 2012 | 0.0138 current USD per US$ of GDP | +21.7% |
| 2013 | 0.024 current USD per US$ of GDP | +74.3% |
| 2014 | 0.0072 current USD per US$ of GDP | -69.8% |
| 2015 | 0.0026 current USD per US$ of GDP | -64.6% |
| 2016 | 0.0019 current USD per US$ of GDP | -24.5% |
| 2017 | 0.0184 current USD per US$ of GDP | +850.6% |
| 2018 | 0.0075 current USD per US$ of GDP | -59.2% |
| 2019 | 0.0001 current USD per US$ of GDP | -99.2% |
| 2020 | 0.0001 current USD per US$ of GDP | +7.4% |
| 2021 | 0 current USD per US$ of GDP | -40.9% |
| 2022 | 0.0001 current USD per US$ of GDP | +45.4% |
| 2023 | 0 current USD per US$ of GDP | -26.4% |
| 2024 | 0 current USD per US$ of GDP | -100.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0254 current USD per US$ of GDP | 0.0142 current USD per US$ of GDP | 0.0306 current USD per US$ of GDP | 10 |
| 1970s | 0.0233 current USD per US$ of GDP | 0.0189 current USD per US$ of GDP | 0.0289 current USD per US$ of GDP | 10 |
| 1980s | 0.0198 current USD per US$ of GDP | 0.0132 current USD per US$ of GDP | 0.0297 current USD per US$ of GDP | 10 |
| 1990s | 0.0162 current USD per US$ of GDP | 0.0104 current USD per US$ of GDP | 0.0215 current USD per US$ of GDP | 10 |
| 2000s | 0.0154 current USD per US$ of GDP | 0.0115 current USD per US$ of GDP | 0.0198 current USD per US$ of GDP | 10 |
| 2010s | 0.0097 current USD per US$ of GDP | 0.0001 current USD per US$ of GDP | 0.024 current USD per US$ of GDP | 10 |
| 2020s | 0 current USD per US$ of GDP | 0 current USD per US$ of GDP | 0.0001 current USD per US$ of GDP | 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), annual growth rate -100 % change on previous year (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), per unit of gdp in Venezuela, Bolivarian Republic of?
- Military expenditure (current usd), per unit of gdp in Venezuela, Bolivarian Republic of was 0 current USD per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), per unit of gdp recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 0.0306 current USD per US$ of GDP in 1960.
- What is the lowest military expenditure (current usd), per unit of gdp recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 0 current USD per US$ of GDP in 2024.
- How does Venezuela, Bolivarian Republic of rank for military expenditure (current usd), per unit of gdp?
- Venezuela, Bolivarian Republic of ranks 163rd out of 166 countries with data for 2024.
- Is military expenditure (current usd), per unit of gdp rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 100.0%. The long-run trend across the full record is falling.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from Statizoid (derived), published as part of Military expenditure (current USD), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Military expenditure (current USD) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Military expenditure (current USD) ÷ GDP (current US$)
Computed from
- Military expenditure SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.