Venezuela Military expenditures

Factbook > Countries > Venezuela > Military

Military expenditures:

0.5% of GDP (2017)
0.5% of GDP (2016)
1% of GDP (2015)
1.2% of GDP (2014)
1.7% of GDP (2013)

Definition: This entry gives spending on defense programs for the most recent year available as a percent of gross domestic product (GDP); the GDP is calculated on an exchange rate basis, i.e., not in terms of purchasing power parity (PPP). For countries with no military forces, this figure can include expenditures on public security and police.

Source: CIA World Factbook - This page was last updated on Friday, November 27, 2020

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