Military expenditure in Venezuela
Venezuela: Military expenditure was 24,358,000,000.00 trillion current LCU in 2024. ◆ Volatile
Military expenditure in Venezuela, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
In 2024, military expenditure in Venezuela stood at 24,358,000,000.00 trillion current LCU. That is the highest value across all 65 years on record.
Compared with earlier readings it is up 122.6% on the previous year and up 69,164,500,000,000.0% over ten years.
Over the whole period, military expenditure in Venezuela peaked at 24,358,000,000.00 trillion current LCU in 2024 and was at its lowest, 384,000 current LCU, in 1961.
That places Venezuela 1st out of 167 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 914,600 current LCU | 384,000 current LCU | 1.20 million current LCU | 10 |
| 1970s | 2.53 million current LCU | 1.20 million current LCU | 3.98 million current LCU | 10 |
| 1980s | 11.59 million current LCU | 4.31 million current LCU | 41.50 million current LCU | 10 |
| 1990s | 333.18 million current LCU | 34.60 million current LCU | 852.90 million current LCU | 10 |
| 2000s | 5.17 billion current LCU | 1.22 billion current LCU | 12.15 billion current LCU | 10 |
| 2010s | 539,483.43 trillion current LCU | 10.31 billion current LCU | 5,391,340.00 trillion current LCU | 10 |
| 2020s | 7,779,214,200.00 trillion current LCU | 81,449,000.00 trillion current LCU | 24,358,000,000.00 trillion current LCU | 5 |
Countries ranked near Venezuela
More public sector data for Venezuela
- Arms imports 98.00 million SIPRI trend indicator values (2023)
- Military expenditure 0.5% (2023)
- Military expenditure 0 current USD (2024)
- Armed forces personnel, total 343,000 (2020)
- Armed forces personnel 3.5% (2020)
- Statistical performance indicators (SPI): Pillar 1 data use score 60 scale 0-100 (2024)
- Intentional homicides 12.65 per 100,000 people (2022)
- Statistical performance indicators (SPI): Pillar 3 data products score 57.31 scale 0-100 (2024)
- Proportion of seats held by women in national parliaments 32.1% (2025)
- Internally displaced persons, new displacement associated with disaste 730 number of cases (2023)
Frequently asked questions
- What is military expenditure in Venezuela?
- Military expenditure in Venezuela was 24,358,000,000.00 trillion current LCU 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 24,358,000,000.00 trillion current LCU in 2024.
- What is the lowest military expenditure recorded in Venezuela?
- The lowest recorded value was 384,000 current LCU in 1961.
- How does Venezuela rank for military expenditure?
- Venezuela ranks 1st out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Venezuela?
- Over the last ten years it is up 69,164,500,000,000.0%. 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 LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Military expenditure in local currency at current prices (by calendar year)