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.
| 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% |
