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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Statistics on Security sector in the Netherlands
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- Brazil: military expenditure as percentage of GDP 2007-2021
- Argentina: military expenditure as percentage of GDP 2007-2021
- Peru: military expenditure as percentage of GDP 2007-2021
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Statistics
- Brazil: military expenditure as percentage of GDP 2007-2021
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- Peru: military expenditure as percentage of GDP 2007-2021
- Latin America: military expenditure as percentage of GDP 2021, by country
- Mexico: military expenditure as percentage of GDP 2007-2021
- Colombia: military expenditure as percentage of GDP 2007-2021
- Ecuador: value of military spending 2013-2021
- Venezuela: value of military spending 2013-2019
- Peru: value of military spending 2013-2021
- Brazil: military spending as share of government expenditure 2010-2021
- El Salvador: value of military spending 2013-2020
- Guatemala: value of military spending 2013-2021
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- Dominican Republic: value of military spending 2013-2021
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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 March 21, 2023, 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 March 21, 2023. 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: March 21, 2023. 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 March 21, 2023)
Military expenditure as percentage of Gross Domestic Product (GDP) in Venezuela from 2007 to 2019 [Graph], SIPRI, April 26, 2022. [Online]. Available: https://www.statista.com/statistics/794010/military-expenditure-share-gdp-venezuela/