Military expenditure (current USD) in Peru
Peru: Military expenditure was 2.57 billion current USD in 2024. ◆ Volatile
Latest (2024)
2.57 billion current USD
Change on year
down 22.5%
World rank
60th
of 168 countries
All-time high
3.31 billion current USD
in 2015
All-time low
49.09 million current USD
in 1960
Years of data
65
1960–2024
Military expenditure in Peru, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
Peru recorded 2.57 billion current USD for military expenditure in 2024.
Compared with earlier readings it is down 22.5% on the previous year and down 20.3% over ten years.
Over the whole period, military expenditure 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 168 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 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 in Peru?
- Military expenditure in Peru was 2.57 billion current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Peru?
- The highest recorded value was 3.31 billion current USD in 2015.
- What is the lowest military expenditure recorded in Peru?
- The lowest recorded value was 49.09 million current USD in 1960.
- How does Peru rank for military expenditure?
- Peru ranks 60th out of 168 countries with data for 2024.
- Is military expenditure 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 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.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)