Military expenditure in Venezuela
Venezuela: Military expenditure was 0 current USD in 2024. ◆ Volatile
Military expenditure in Venezuela, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Venezuela stood at 0 current USD. That is the lowest value across all 65 years on record.
Compared with earlier readings it is down 100.0% on the previous year and down 100.0% over ten years.
Over the whole period, military expenditure in Venezuela peaked at 6.20 billion current USD in 2013 and was at its lowest, 0 current USD, in 2024.
Venezuela ranks 164th of 167 countries on this measure, in the bottom quarter.
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 | 227.15 million current USD | 114.63 million current USD | 272.73 million current USD | 10 |
| 1970s | 585.99 million current USD | 272.73 million current USD | 925.58 million current USD | 10 |
| 1980s | 1.18 billion current USD | 765.52 million current USD | 2.01 billion current USD | 10 |
| 1990s | 1.13 billion current USD | 733.20 million current USD | 1.54 billion current USD | 10 |
| 2000s | 2.76 billion current USD | 987.89 million current USD | 5.66 billion current USD | 10 |
| 2010s | 2.39 billion current USD | 4.11 million current USD | 6.20 billion current USD | 10 |
| 2020s | 2.63 million current USD | 0 current USD | 4.63 million current USD | 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)
- 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)
- Military expenditure 24,358,000,000.00 trillion current LCU (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 0 current USD 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 6.20 billion current USD in 2013.
- What is the lowest military expenditure recorded in Venezuela?
- The lowest recorded value was 0 current USD in 2024.
- How does Venezuela rank for military expenditure?
- Venezuela ranks 164th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Venezuela?
- Over the last ten years it is down 100.0%. 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 USD). Statizoid updates them automatically from the source API.
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CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)