Economy
The World Bank — World Development Indicators (CC BY 4.0) · updated 2023-12-31
Venezuela, RB's military expenditure stands at 0.5007% as of 2023-12-31, down from 0.6499% in 2022. Historical data runs from 1960 to 2023 (64 observations).
In 2023, Venezuela, RB's military expenditure was 0.5007%, down from 0.6499% in 2022.
In 2022, Venezuela, RB's military expenditure was 0.6499%, up from 0.3136% in 2021.
In 2021, Venezuela, RB's military expenditure was 0.3136%, down from 1.58% in 2020.
In 2020, Venezuela, RB's military expenditure was 1.58%, down from 1.79% in 2019.
In 2019, Venezuela, RB's military expenditure was 1.79%, up from 0.1509% in 2018.
| Year | Value | Change |
|---|---|---|
| 2023 | 0.5007% | -0.1492% |
| 2022 | 0.6499% | +0.3363% |
| 2021 | 0.3136% | -1.26% |
| 2020 | 1.58% | -0.2168% |
| 2019 | 1.79% | +1.64% |
| 2018 | 0.1509% | -2.08% |
| 2017 | 2.23% | +1.78% |
| 2016 | 0.454% | -0.4873% |
| 2015 | 0.9414% | -0.2204% |
| 2014 | 1.16% | -0.5077% |
| 2013 | 1.67% | +0.3281% |
| 2012 | 1.34% | +0.2111% |
| 2011 | 1.13% | +0.1169% |
| 2010 | 1.01% | -0.2176% |
| 2009 | 1.23% | -0.5625% |
| 2008 | 1.79% | -0.0954% |
| 2007 | 1.89% | -0.0895% |
| 2006 | 1.98% | +0.1468% |
| 2005 | 1.83% | +0.5434% |
| 2004 | 1.29% | +0.1056% |
| 2003 | 1.18% | +0.0293% |
| 2002 | 1.15% | -0.4017% |
| 2001 | 1.56% | +0.0285% |
| 2000 | 1.53% | +0.0894% |
| 1999 | 1.44% | -0.1514% |
| 1998 | 1.59% | -0.2067% |
| 1997 | 1.8% | +0.7558% |
| 1996 | 1.04% | -0.5096% |
| 1995 | 1.55% | -0.0417% |
| 1994 | 1.59% | -0.5545% |
| 1993 | 2.15% | +0.5018% |
| 1992 | 1.64% | -0.1969% |
| 1991 | 1.84% | +0.3223% |
| 1990 | 1.52% | -1.28% |
| 1989 | 2.79% | +0.9775% |
| 1988 | 1.82% | +0.1824% |
| 1987 | 1.63% | -0.0163% |
| 1986 | 1.65% | +0.2804% |
| 1985 | 1.37% | -0.9224% |
| 1984 | 2.29% | -0.6787% |
| 1983 | 2.97% | +0.722% |
| 1982 | 2.25% | +0.7271% |
| 1981 | 1.52% | -0.1738% |
| 1980 | 1.7% | -0.2203% |
| 1979 | 1.92% | -0.1899% |
| 1978 | 2.11% | +0.0378% |
| 1977 | 2.07% | +0.1805% |
| 1976 | 1.89% | -0.7035% |
| 1975 | 2.59% | +0.2833% |
| 1974 | 2.31% | -0.1632% |
| 1973 | 2.47% | -0.3583% |
| 1972 | 2.83% | +0.1299% |
| 1971 | 2.7% | +0.4054% |
| 1970 | 2.29% | -0.2049% |
| 1969 | 2.5% | -0.1785% |
| 1968 | 2.68% | -0.1811% |
| 1967 | 2.86% | +0.2016% |
| 1966 | 2.66% | +0.0204% |
| 1965 | 2.64% | +0.1897% |
| 1964 | 2.45% | -0.1069% |
| 1963 | 2.55% | +0.2407% |
| 1962 | 2.31% | +0.8907% |
| 1961 | 1.42% | -1.64% |
| 1960 | 3.06% | — |
The World Bank — World Development Indicators (CC BY 4.0) · Download this series as CSV — free, attribution required (CC BY 4.0).
Venezuela, RB's military expenditure is 0.5007% as of 2023-12-31, compared with 0.6499% in 2022. The World Bank — World Development Indicators (CC BY 4.0)
The highest recorded value is 3.06% (1960); the lowest is 0.1509% (2018), across data from 1960 to 2023.
The World Bank — World Development Indicators (CC BY 4.0) Figures are republished with attribution and updated as the source releases new observations.