Venezuela Military Spending/Defense Budget 1960-2024

Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country).
  • Venezuela military spending/defense budget for 2019 was $0.00B, a 99.95% decline from 2018.
  • Venezuela military spending/defense budget for 2018 was $0.76B, a 64.11% decline from 2017.
  • Venezuela military spending/defense budget for 2017 was $2.13B, a 875.42% increase from 2016.
  • Venezuela military spending/defense budget for 2016 was $0.22B, a 31.94% decline from 2015.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
China $240.33B
Russia $65.20B
Brazil $25.91B
Turkey $20.44B
Iran $12.53B
Algeria $10.30B
Colombia $10.17B
Iraq $7.60B
Thailand $7.29B
Mexico $6.65B
Romania $4.61B
South Africa $3.44B
Malaysia $3.27B
Peru $2.77B
Lebanon $2.52B
Ecuador $2.35B
Bulgaria $2.16B
Jordan $2.03B
Azerbaijan $1.85B
Kazakhstan $1.85B
Serbia $1.14B
Belarus $0.77B
Armenia $0.65B
Dominican Republic $0.61B
Botswana $0.51B
Namibia $0.41B
Paraguay $0.38B
Guatemala $0.33B
Gabon $0.27B
Jamaica $0.27B
Albania $0.20B
Bosnia $0.17B
Equatorial Guinea $0.15B
North Macedonia $0.15B
Fiji $0.08B
Montenegro $0.07B
Guyana $0.07B
Belize $0.02B
Mauritius $0.02B
Venezuela $0.00B
Costa Rica $0.00B
Venezuela Military Spending/Defense Budget - Historical Data
Year Billions of US $ % of GDP
2019 $0.00B 0.18%
2018 $0.76B 0.15%
2017 $2.13B 2.23%
2016 $0.22B 0.45%
2015 $0.32B 0.94%
2014 $1.55B 1.16%
2013 $6.20B 1.67%
2012 $5.11B 1.34%
2011 $3.58B 1.13%
2010 $3.99B 1.01%
2009 $4.06B 1.23%
2008 $5.66B 1.79%
2007 $4.35B 1.89%
2006 $3.63B 1.98%
2005 $2.67B 1.83%
2004 $1.45B 1.29%
2003 $0.99B 1.18%
2002 $1.07B 1.15%
2001 $1.91B 1.56%
2000 $1.79B 1.53%
1999 $1.41B 1.44%
1998 $1.45B 1.59%
1997 $1.54B 1.80%
1996 $0.73B 1.04%
1995 $1.20B 1.55%
1994 $0.94B 1.59%
1993 $1.29B 2.15%
1992 $0.99B 1.64%
1991 $0.98B 1.84%
1990 $0.74B 1.52%
1989 $1.20B 2.79%
1988 $1.10B 1.82%
1987 $0.77B 1.63%
1986 $1.00B 1.65%
1985 $0.82B 1.37%
1984 $1.33B 2.29%
1983 $2.01B 2.97%
1982 $1.52B 2.25%
1981 $1.01B 1.52%
1980 $1.00B 1.70%
1979 $0.93B 1.92%
1978 $0.83B 2.11%
1977 $0.75B 2.07%
1976 $0.59B 1.89%
1975 $0.71B 2.59%
1974 $0.60B 2.31%
1973 $0.42B 2.47%
1972 $0.40B 2.83%
1971 $0.35B 2.70%
1970 $0.27B 2.29%
1969 $0.26B 2.50%
1968 $0.27B 2.68%
1967 $0.27B 2.86%
1966 $0.24B 2.66%
1965 $0.23B 2.64%
1964 $0.20B 2.45%
1963 $0.25B 2.55%
1962 $0.20B 2.31%
1961 $0.11B 1.42%
1960 $0.23B 3.06%