In 2017, the military budget reported by Venezuela accounted for approximately 2.2 percent of the country's GDP, the largest of the analyzed period. By 2019, it had decreased to 0.2 percent. However, the data for Venezuela is uncertain due to the very high rate of inflation and currency depreciation.
Military expenditure as percentage of Gross Domestic Product (GDP) in Venezuela from 2007 to 2019
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SIPRI. (April 26, 2022). Military expenditure as percentage of Gross Domestic Product (GDP) in Venezuela from 2007 to 2019 [Graph]. In Statista. Retrieved May 25, 2022, from https://www.statista.com/statistics/794010/military-expenditure-share-gdp-venezuela/
SIPRI. "Military expenditure as percentage of Gross Domestic Product (GDP) in Venezuela from 2007 to 2019." Chart. April 26, 2022. Statista. Accessed May 25, 2022. https://www.statista.com/statistics/794010/military-expenditure-share-gdp-venezuela/
SIPRI. (2022). Military expenditure as percentage of Gross Domestic Product (GDP) in Venezuela from 2007 to 2019. Statista. Statista Inc.. Accessed: May 25, 2022. https://www.statista.com/statistics/794010/military-expenditure-share-gdp-venezuela/
SIPRI. "Military Expenditure as Percentage of Gross Domestic Product (Gdp) in Venezuela from 2007 to 2019." Statista, Statista Inc., 26 Apr 2022, https://www.statista.com/statistics/794010/military-expenditure-share-gdp-venezuela/
SIPRI, Military expenditure as percentage of Gross Domestic Product (GDP) in Venezuela from 2007 to 2019 Statista, https://www.statista.com/statistics/794010/military-expenditure-share-gdp-venezuela/ (last visited May 25, 2022)