Venezuela - Military expenditure
Military expenditure (current USD)
The latest value for Military expenditure (current USD) in Venezuela was 2,127,937,000 as of 2017. Over the past 57 years, the value for this indicator has fluctuated between 6,199,698,000 in 2013 and 114,632,700 in 1961.
Definition: 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). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another).
Source: Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.
See also:
| Year | Value |
|---|---|
| 1960 | 234,357,700 |
| 1961 | 114,632,700 |
| 1962 | 203,900,700 |
| 1963 | 245,397,300 |
| 1964 | 200,459,800 |
| 1965 | 227,272,700 |
| 1966 | 238,636,400 |
| 1967 | 270,454,600 |
| 1968 | 272,727,300 |
| 1969 | 263,636,400 |
| 1970 | 272,727,300 |
| 1971 | 352,272,700 |
| 1972 | 404,651,200 |
| 1973 | 420,930,200 |
| 1974 | 602,325,600 |
| 1975 | 711,627,900 |
| 1976 | 593,023,200 |
| 1977 | 748,837,200 |
| 1978 | 827,907,000 |
| 1979 | 925,581,400 |
| 1980 | 1,002,326,000 |
| 1981 | 1,009,302,000 |
| 1982 | 1,523,256,000 |
| 1983 | 2,006,977,000 |
| 1984 | 1,325,415,000 |
| 1985 | 820,000,000 |
| 1986 | 1,004,537,000 |
| 1987 | 765,517,200 |
| 1988 | 1,096,552,000 |
| 1989 | 1,196,252,000 |
| 1990 | 737,870,500 |
| 1991 | 983,722,000 |
| 1992 | 992,932,500 |
| 1993 | 1,287,955,000 |
| 1994 | 939,683,200 |
| 1995 | 1,198,810,000 |
| 1996 | 733,197,600 |
| 1997 | 1,541,034,000 |
| 1998 | 1,450,964,000 |
| 1999 | 1,408,065,000 |
| 2000 | 1,788,322,000 |
| 2001 | 1,911,400,000 |
| 2002 | 1,071,364,000 |
| 2003 | 987,890,200 |
| 2004 | 1,448,716,000 |
| 2005 | 2,665,391,000 |
| 2006 | 3,630,088,000 |
| 2007 | 4,351,560,000 |
| 2008 | 5,660,456,000 |
| 2009 | 4,055,380,000 |
| 2010 | 3,991,195,000 |
| 2011 | 3,577,532,000 |
| 2012 | 5,114,847,000 |
| 2013 | 6,199,698,000 |
| 2014 | 1,554,727,000 |
| 2015 | 320,539,200 |
| 2016 | 218,154,900 |
| 2017 | 2,127,937,000 |
Military expenditure (current LCU)
The value for Military expenditure (current LCU) in Venezuela was 39,336,500,000,000 as of 2018. As the graph below shows, over the past 58 years this indicator reached a maximum value of 39,336,500,000,000 in 2018 and a minimum value of 384,000 in 1961.
Definition: 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). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.)
Source: Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.
| Year | Value |
|---|---|
| 1960 | 785,000 |
| 1961 | 384,000 |
| 1962 | 683,000 |
| 1963 | 822,000 |
| 1964 | 872,000 |
| 1965 | 1,000,000 |
| 1966 | 1,050,000 |
| 1967 | 1,190,000 |
| 1968 | 1,200,000 |
| 1969 | 1,160,000 |
| 1970 | 1,200,000 |
| 1971 | 1,550,000 |
| 1972 | 1,740,000 |
| 1973 | 1,810,000 |
| 1974 | 2,590,000 |
| 1975 | 3,060,000 |
| 1976 | 2,550,000 |
| 1977 | 3,220,000 |
| 1978 | 3,560,000 |
| 1979 | 3,980,000 |
| 1980 | 4,310,000 |
| 1981 | 4,340,000 |
| 1982 | 6,550,000 |
| 1983 | 8,630,000 |
| 1984 | 9,300,000 |
| 1985 | 6,150,000 |
| 1986 | 8,120,000 |
| 1987 | 11,100,000 |
| 1988 | 15,900,000 |
| 1989 | 41,500,000 |
| 1990 | 34,600,000 |
| 1991 | 55,900,000 |
| 1992 | 67,900,000 |
| 1993 | 117,000,000 |
| 1994 | 138,000,000 |
| 1995 | 212,000,000 |
| 1996 | 306,000,000 |
| 1997 | 753,000,000 |
| 1998 | 794,500,000 |
| 1999 | 852,900,000 |
| 2000 | 1,216,000,000 |
| 2001 | 1,383,200,000 |
| 2002 | 1,243,800,000 |
| 2003 | 1,587,500,000 |
| 2004 | 2,740,000,000 |
| 2005 | 5,570,000,000 |
| 2006 | 7,793,800,000 |
| 2007 | 9,342,800,000 |
| 2008 | 12,153,000,000 |
| 2009 | 8,706,900,000 |
| 2010 | 10,305,500,000 |
| 2011 | 15,345,110,000 |
| 2012 | 21,939,110,000 |
| 2013 | 37,495,530,000 |
| 2014 | 35,217,490,000 |
| 2015 | 56,721,010,000 |
| 2016 | 107,844,000,000 |
| 2017 | 969,864,000,000 |
| 2018 | 39,336,500,000,000 |
Military expenditure (% of GDP)
Military expenditure (% of GDP) in Venezuela was 2.23 as of 2017. Its highest value over the past 57 years was 3.06 in 1960, while its lowest value was 0.45 in 2016.
Definition: 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). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.)
Source: Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.
See also:
| Year | Value |
|---|---|
| 1960 | 3.06 |
| 1961 | 1.42 |
| 1962 | 2.31 |
| 1963 | 2.55 |
| 1964 | 2.45 |
| 1965 | 2.64 |
| 1966 | 2.66 |
| 1967 | 2.86 |
| 1968 | 2.68 |
| 1969 | 2.50 |
| 1970 | 2.29 |
| 1971 | 2.70 |
| 1972 | 2.83 |
| 1973 | 2.47 |
| 1974 | 2.31 |
| 1975 | 2.59 |
| 1976 | 1.89 |
| 1977 | 2.07 |
| 1978 | 2.11 |
| 1979 | 1.92 |
| 1980 | 1.70 |
| 1981 | 1.52 |
| 1982 | 2.25 |
| 1983 | 2.97 |
| 1984 | 2.29 |
| 1985 | 1.37 |
| 1986 | 1.65 |
| 1987 | 1.63 |
| 1988 | 1.82 |
| 1989 | 2.79 |
| 1990 | 1.52 |
| 1991 | 1.84 |
| 1992 | 1.64 |
| 1993 | 2.15 |
| 1994 | 1.59 |
| 1995 | 1.55 |
| 1996 | 1.04 |
| 1997 | 1.80 |
| 1998 | 1.59 |
| 1999 | 1.44 |
| 2000 | 1.53 |
| 2001 | 1.56 |
| 2002 | 1.15 |
| 2003 | 1.18 |
| 2004 | 1.29 |
| 2005 | 1.83 |
| 2006 | 1.98 |
| 2007 | 1.89 |
| 2008 | 1.79 |
| 2009 | 1.23 |
| 2010 | 1.01 |
| 2011 | 1.13 |
| 2012 | 1.34 |
| 2013 | 1.67 |
| 2014 | 1.16 |
| 2015 | 0.94 |
| 2016 | 0.45 |
| 2017 | 2.23 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Defense & arms trade
