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 2022 was $0.00B, a 128.53% increase from 2021.
  • Venezuela military spending/defense budget for 2021 was $0.00B, a 21.87% decline from 2020.
  • Venezuela military spending/defense budget for 2020 was $0.00B, a 36.99% decline from 2019.
  • Venezuela military spending/defense budget for 2019 was $0.00B, a 99.46% decline 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
Marshall Islands $0.00B
American Samoa $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
Costa Rica $0.00B
St. Vincent and the Grenadines $0.00B
Tuvalu $0.00B
Venezuela Military Spending/Defense Budget - Historical Data
Year Billions of US $ % of GDP
2022 $0.00B 0.65%
2021 $0.00B 0.31%
2020 $0.00B 1.58%
2019 $0.00B 1.79%
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%