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% |