Venezuela: Military spending
* indicates monthly or quarterly data series
Venezuela |
Military spending, in billion U.S. dollars |
---|---|
Latest value | 0.00 |
Year | 2022 |
Measure | billion U.S. dollars |
Data availability | 1960 - 2022 |
Average | 1.31 |
Min - Max | 0.00 - 6.20 |
Source | Stockholm International Peace Research Institute |
The latest value from 2022 is 0 billion U.S. dollars, unchanged from 0 billion U.S. dollars in 2021. In comparison, the world average is 14.63 billion U.S. dollars, based on data from 150 countries. Historically, the average for Venezuela from 1960 to 2022 is 1.31 billion U.S. dollars. The minimum value, 0 billion U.S. dollars, was reached in 2019 while the maximum of 6.2 billion U.S. dollars was recorded in 2013.
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Definition: Military spending includes expenditure on peacekeeping, defense ministries, paramilitary forces, and military space activities. Also: military and civil personnel, including retirement pensions; operations and maintenance; procurement; military research and development; and military aid. Defense and current expenditure for past military activities, such as for veterans' benefits, demobilization, conversion, and weapon destruction, are not included.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Military spending | 0.00 | 2022 | billion U.S. dollars |
Military spending, percent of GDP | 0.65 | 2022 | percent |
Armed forces | 343,000 | 2020 | people |
Armed forces, percent of labor force | 3.30 | 2020 | percent |
Arms exports | 40.00 | 2009 | million U.S. dollars |
Arms imports | 79.00 | 2020 | dollars |