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$.
That makes Serbia's figure about 1.1 times Peru's.
The two have swapped places 5 times across 30 shared years of data; in 1996 it was Peru ahead.
Peru ranks 65th and Serbia ranks 63rd of 162 countries.
Peru has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Peru | Serbia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2.05 billion constant 2024 US$ | 1.48 billion constant 2024 US$ | 576.52 million constant 2024 US$ | Peru |
| 2000s | 1.88 billion constant 2024 US$ | 1.47 billion constant 2024 US$ | 408.15 million constant 2024 US$ | Peru |
| 2010s | 3.15 billion constant 2024 US$ | 1.24 billion constant 2024 US$ | 1.91 billion constant 2024 US$ | Peru |
| 2020s | 2.95 billion constant 2024 US$ | 2.08 billion constant 2024 US$ | 869.22 million constant 2024 US$ | Peru |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military spending, Peru or Serbia?
- Serbia, at 2.55 billion constant 2024 US$ against 2.43 billion constant 2024 US$ in Peru as of 2025.
- What is the difference in military spending between Peru and Serbia?
- 126.73 million constant 2024 US$, with Serbia ahead.
- How many years of comparable data are there for Peru and Serbia?
- 30 years are reported by both, from 1996 to 2025.
- How do Peru and Serbia rank globally for military spending?
- Peru ranks 65th and Serbia ranks 63rd of 162 countries.
- Where does this data come from?
- Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data, published as Military spending. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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.