Military expenditure (current USD) in Venezuela
Venezuela: Military expenditure was 0 current USD in 2024. ◆ Volatile
Latest (2024)
0 current USD
Change on year
down 100.0%
World rank
165th
of 168 countries
All-time high
6.20 billion current USD
in 2013
All-time low
0 current USD
in 2024
Years of data
65
1960–2024
Military expenditure in Venezuela, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Venezuela stood at 0 current USD. 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 in Venezuela peaked at 6.20 billion current USD in 2013 and was at its lowest, 0 current USD, in 2024.
Venezuela ranks 165th of 168 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure 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 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
- 162 Haiti 19.75 million current USD compare
- 163 Cape Verde 16.83 million current USD compare
- 164 Gambia 14.43 million current USD compare
- 165 Costa Rica 0 current USD
- 165 Iceland 0 current USD
- 165 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 in Venezuela?
- Military expenditure in Venezuela was 0 current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Venezuela?
- The highest recorded value was 6.20 billion current USD in 2013.
- What is the lowest military expenditure recorded in Venezuela?
- The lowest recorded value was 0 current USD in 2024.
- How does Venezuela rank for military expenditure?
- Venezuela ranks 165th out of 168 countries with data for 2024.
- Is military expenditure 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 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)