Peru 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).
  • Peru military spending/defense budget for 2022 was $2.85B, a 7.07% increase from 2021.
  • Peru military spending/defense budget for 2021 was $2.66B, a 0.15% increase from 2020.
  • Peru military spending/defense budget for 2020 was $2.65B, a 4.09% decline from 2019.
  • Peru military spending/defense budget for 2019 was $2.77B, a 4.46% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
China $291.96B
Russia $86.37B
Brazil $20.21B
Turkey $10.64B
Colombia $9.94B
Algeria $9.15B
Mexico $8.54B
Iran $6.85B
Thailand $5.72B
Romania $5.19B
Lebanon $4.74B
Iraq $4.68B
Malaysia $3.67B
South Africa $3.00B
Azerbaijan $2.99B
Peru $2.85B
Ecuador $2.49B
Jordan $2.32B
Serbia $1.43B
Bulgaria $1.34B
Kazakhstan $1.13B
Belarus $0.82B
Armenia $0.80B
Dominican Republic $0.76B
Botswana $0.49B
Guatemala $0.43B
Namibia $0.37B
Paraguay $0.37B
Albania $0.29B
Gabon $0.28B
North Macedonia $0.22B
Jamaica $0.22B
Bosnia $0.18B
Equatorial Guinea $0.16B
Montenegro $0.10B
Guyana $0.08B
Fiji $0.07B
Belize $0.02B
Mauritius $0.02B
Venezuela $0.00B
Costa Rica $0.00B
St. Vincent and the Grenadines $0.00B
Tuvalu $0.00B
American Samoa $0.00B
Marshall Islands $0.00B
Tonga $0.00B
Maldives $0.00B
Nauru $0.00B
Turkmenistan $0.00B
St. Lucia $0.00B
Dominica $0.00B
Libya $0.00B
Suriname $0.00B
Samoa $0.00B
Cuba $0.00B
Grenada $0.00B
Peru Military Spending/Defense Budget - Historical Data
Year Billions of US $ % of GDP
2022 $2.85B 1.15%
2021 $2.66B 1.18%
2020 $2.65B 1.31%
2019 $2.77B 1.21%
2018 $2.65B 1.19%
2017 $2.67B 1.27%
2016 $2.54B 1.32%
2015 $3.31B 1.75%
2014 $3.22B 1.60%
2013 $3.31B 1.64%
2012 $2.86B 1.48%
2011 $2.36B 1.37%
2010 $2.18B 1.48%
2009 $1.85B 1.53%
2008 $1.50B 1.25%
2007 $1.33B 1.30%
2006 $1.29B 1.46%
2005 $1.20B 1.58%
2004 $0.92B 1.38%
2003 $0.89B 1.51%
2002 $0.84B 1.54%
2001 $0.90B 1.75%
2000 $0.91B 1.79%
1999 $0.99B 1.93%
1998 $1.14B 2.02%
1997 $1.18B 2.00%
1996 $1.40B 2.50%
1995 $1.41B 2.64%
1994 $1.11B 2.47%
1993 $0.96B 2.75%
1992 $0.90B 2.51%
1991 $0.70B 2.02%
1990 $0.78B 2.68%
1989 $0.86B 2.19%
1988 $0.74B 2.19%
1987 $1.46B 3.41%
1986 $0.87B 3.35%
1985 $0.67B 3.87%
1984 $0.67B 3.36%
1983 $0.93B 4.85%
1982 $1.27B 5.11%
1981 $0.99B 3.98%
1980 $0.95B 4.56%
1979 $0.52B 3.35%
1978 $0.67B 6.20%
1977 $1.03B 8.21%
1976 $0.78B 5.68%
1975 $0.71B 5.22%
1974 $0.45B 3.93%
1973 $0.36B 3.93%
1972 $0.28B 3.63%
1971 $0.25B 3.62%
1970 $0.22B 3.51%
1969 $0.13B 2.39%
1968 $0.11B 2.36%
1967 $0.24B 4.70%
1966 $0.15B 2.84%
1965 $0.13B 3.10%
1964 $0.12B 3.34%
1963 $0.10B 3.32%
1962 $0.07B 2.43%
1961 $0.06B 2.64%
1960 $0.05B 2.51%