Peru vs Serbia: Military spending

Peru

2.43 billion constant 2024 US$

in 2025

Serbia

2.55 billion constant 2024 US$

in 2025

Peru rank

65th

Serbia rank

63rd

Military spending over time

Peru
Serbia

How they compare

Serbia currently reports 2.55 billion constant 2024 US$ against 2.43 billion constant 2024 US$ in Peru, a difference of 126.73 million constant 2024 US$.

That makes Serbia's figure about 1.1 times Peru's.

The two have swapped places 5 times across 30 shared years of data; in 1996 it was Peru ahead.

Peru ranks 65th and Serbia ranks 63rd of 162 countries.

Individual pages

About this data

Indicator: Military spending
Unit: constant 2024 US$
Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 162 places, 8,341 data points, 1949–2025
Last refreshed: 07 August 2026

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.