Military expenditure in Bolivia
Bolivia: Military expenditure was 655.13 million current USD in 2024. ◆ Volatile
Latest (2024)
655.13 million current USD
Change on year
up 11.3%
World rank
96th
of 168 countries
All-time high
655.13 million current USD
in 2024
All-time low
4.94 million current USD
in 1961
Years of data
60
1961–2024
Military expenditure in Bolivia, 1961–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Bolivia stood at 655.13 million current USD. That is the highest value across all 60 years on record.
The figure is up 11.3% on the previous year and up 4.7% over ten years.
Over the whole period, military expenditure in Bolivia peaked at 655.13 million current USD in 2024 and was at its lowest, 4.94 million current USD, in 1961.
That places Bolivia 96th out of 168 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure in Bolivia, year by year
| Year | current USD | Change |
|---|---|---|
| 1961 | 4.94 million current USD | — |
| 1962 | 5.20 million current USD | +5.3% |
| 1963 | 6.40 million current USD | +23.3% |
| 1968 | 11.58 million current USD | +80.9% |
| 1969 | 12.25 million current USD | +5.8% |
| 1970 | 16.79 million current USD | +37.0% |
| 1971 | 15.86 million current USD | -5.5% |
| 1972 | 20.70 million current USD | +30.5% |
| 1973 | 21.13 million current USD | +2.1% |
| 1974 | 39.77 million current USD | +88.2% |
| 1975 | 58.30 million current USD | +46.6% |
| 1976 | 66.78 million current USD | +14.5% |
| 1977 | 73.25 million current USD | +9.7% |
| 1978 | 97.67 million current USD | +33.3% |
| 1979 | 119.74 million current USD | +22.6% |
| 1980 | 159.01 million current USD | +32.8% |
| 1981 | 238.72 million current USD | +50.1% |
| 1982 | 123.73 million current USD | -48.2% |
| 1983 | 89.97 million current USD | -27.3% |
| 1984 | 144.68 million current USD | +60.8% |
| 1985 | 131.21 million current USD | -9.3% |
| 1986 | 92.87 million current USD | -29.2% |
| 1987 | 103.36 million current USD | +11.3% |
| 1988 | 92.92 million current USD | -10.1% |
| 1989 | 101.69 million current USD | +9.4% |
| 1990 | 137.06 million current USD | +34.8% |
| 1991 | 143.64 million current USD | +4.8% |
| 1992 | 141.44 million current USD | -1.5% |
| 1993 | 109.90 million current USD | -22.3% |
| 1994 | 134.59 million current USD | +22.5% |
| 1995 | 140.76 million current USD | +4.6% |
| 1996 | 146.96 million current USD | +4.4% |
| 1997 | 180.20 million current USD | +22.6% |
| 1998 | 228.68 million current USD | +26.9% |
| 1999 | 176.74 million current USD | -22.7% |
| 2000 | 173.25 million current USD | -2.0% |
| 2001 | 188.92 million current USD | +9.0% |
| 2002 | 157.35 million current USD | -16.7% |
| 2003 | 173.41 million current USD | +10.2% |
| 2004 | 166.38 million current USD | -4.1% |
| 2005 | 163.96 million current USD | -1.5% |
| 2006 | 167.91 million current USD | +2.4% |
| 2007 | 195.36 million current USD | +16.4% |
| 2008 | 365.83 million current USD | +87.3% |
| 2009 | 305.42 million current USD | -16.5% |
| 2010 | 547.25 million current USD | +79.2% |
| 2011 | 403.57 million current USD | -26.3% |
| 2012 | 499.87 million current USD | +23.9% |
| 2013 | 564.51 million current USD | +12.9% |
| 2014 | 625.91 million current USD | +10.9% |
| 2015 | 580.62 million current USD | -7.2% |
| 2016 | 519.31 million current USD | -10.6% |
| 2017 | 574.13 million current USD | +10.6% |
| 2018 | 602.86 million current USD | +5.0% |
| 2019 | 593.16 million current USD | -1.6% |
| 2020 | 510.50 million current USD | -13.9% |
| 2021 | 536.25 million current USD | +5.0% |
| 2022 | 429.37 million current USD | -19.9% |
| 2023 | 588.82 million current USD | +37.1% |
| 2024 | 655.13 million current USD | +11.3% |
Bolivia compared with similar countries
- Bolivia's 655.13 million current USD is above the median for lower middle income countries, which is 493.99 million current USD, 1.3× the median. (40 countries reporting)
- Bolivia's 655.13 million current USD is above the median for Latin America & Caribbean, which is 420.19 million current USD, 1.6× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.07 million current USD | 4.94 million current USD | 12.25 million current USD | 5 |
| 1970s | 53.00 million current USD | 15.86 million current USD | 119.74 million current USD | 10 |
| 1980s | 127.82 million current USD | 89.97 million current USD | 238.72 million current USD | 10 |
| 1990s | 154.00 million current USD | 109.90 million current USD | 228.68 million current USD | 10 |
| 2000s | 205.78 million current USD | 157.35 million current USD | 365.83 million current USD | 10 |
| 2010s | 551.12 million current USD | 403.57 million current USD | 625.91 million current USD | 10 |
| 2020s | 544.01 million current USD | 429.37 million current USD | 655.13 million current USD | 5 |
Countries ranked near Bolivia
More public sector data for Bolivia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, 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)
- Chief executive of the government is elected, 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 in Bolivia?
- Military expenditure in Bolivia was 655.13 million current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Bolivia?
- The highest recorded value was 655.13 million current USD in 2024.
- What is the lowest military expenditure recorded in Bolivia?
- The lowest recorded value was 4.94 million current USD in 1961.
- How does Bolivia rank for military expenditure?
- Bolivia ranks 96th out of 168 countries with data for 2024.
- Is military expenditure rising or falling in Bolivia?
- Over the last ten years it is up 4.7%. The long-run trend across the full record is volatile.
- Where does this Bolivia data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)