Military spending, annual growth rate in Venezuela
Venezuela: Military spending, annual growth rate was 3.63 % change on previous year in 2023. ◆ Volatile
Latest (2023)
3.63 % change on previous year
Change on year
down 70.7%
World rank
111th
of 172 countries
All-time high
103.02 % change on previous year
in 1901
All-time low
-98.28 % change on previous year
in 2019
Years of data
182
1842–2023
Military spending, annual growth rate in Venezuela, 1842–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for military spending, annual growth rate in Venezuela is 3.63 % change on previous year, measured in 2023.
Compared with earlier readings it is down 70.7% on the previous year and up 147.9% over ten years.
Over the whole period, military spending, annual growth rate in Venezuela peaked at 103.02 % change on previous year in 1901 and was at its lowest, -98.28 % change on previous year, in 2019.
That places Venezuela 111th out of 172 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending, annual growth rate in Venezuela, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1842 | -3.36 % change on previous year | — |
| 1843 | 10.32 % change on previous year | -406.8% |
| 1844 | -0.3766 % change on previous year | -103.6% |
| 1845 | 2.62 % change on previous year | -796.4% |
| 1846 | 4.92 % change on previous year | +87.6% |
| 1847 | -5.37 % change on previous year | -209.1% |
| 1848 | 8.7 % change on previous year | -262.0% |
| 1849 | 2.09 % change on previous year | -75.9% |
| 1850 | -7.35 % change on previous year | -451.2% |
| 1851 | 5.01 % change on previous year | -168.2% |
| 1852 | 3.69 % change on previous year | -26.3% |
| 1853 | -6.67 % change on previous year | -280.4% |
| 1854 | -2.78 % change on previous year | -58.3% |
| 1855 | 6.63 % change on previous year | -338.6% |
| 1856 | -7.92 % change on previous year | -219.5% |
| 1857 | -7.55 % change on previous year | -4.6% |
| 1858 | 6.06 % change on previous year | -180.3% |
| 1859 | 8.03 % change on previous year | +32.3% |
| 1860 | -1.57 % change on previous year | -119.6% |
| 1861 | -11.14 % change on previous year | +609.5% |
| 1862 | -6.91 % change on previous year | -38.0% |
| 1863 | -9.46 % change on previous year | +37.0% |
| 1864 | -7.72 % change on previous year | -18.4% |
| 1865 | -19.12 % change on previous year | +147.6% |
| 1866 | -5.35 % change on previous year | -72.0% |
| 1867 | 4.45 % change on previous year | -183.2% |
| 1868 | 2.05 % change on previous year | -53.9% |
| 1869 | -10.82 % change on previous year | -628.2% |
| 1870 | -5.61 % change on previous year | -48.2% |
| 1871 | -1.02 % change on previous year | -81.8% |
| 1872 | 2.57 % change on previous year | -351.7% |
| 1873 | 4.82 % change on previous year | +87.8% |
| 1874 | -4.47 % change on previous year | -192.7% |
| 1875 | -8.39 % change on previous year | +87.9% |
| 1876 | -0.8537 % change on previous year | -89.8% |
| 1877 | -19.27 % change on previous year | +2157.4% |
| 1878 | 5.24 % change on previous year | -127.2% |
| 1879 | -13.92 % change on previous year | -365.6% |
| 1880 | -16.84 % change on previous year | +20.9% |
| 1881 | -13.29 % change on previous year | -21.1% |
| 1882 | -8.18 % change on previous year | -38.5% |
| 1883 | 6.38 % change on previous year | -178.0% |
| 1884 | 10.04 % change on previous year | +57.4% |
| 1885 | 1.83 % change on previous year | -81.8% |
| 1886 | 5.85 % change on previous year | +220.3% |
| 1887 | 2.53 % change on previous year | -56.8% |
| 1888 | 3.92 % change on previous year | +55.2% |
| 1889 | 12.45 % change on previous year | +217.6% |
| 1890 | 10.81 % change on previous year | -13.1% |
| 1891 | -8.78 % change on previous year | -181.2% |
| 1892 | 9.19 % change on previous year | -204.6% |
| 1893 | -1.91 % change on previous year | -120.8% |
| 1894 | 8.81 % change on previous year | -560.4% |
| 1895 | 4.4 % change on previous year | -50.1% |
| 1896 | 2.16 % change on previous year | -50.9% |
| 1897 | 3.69 % change on previous year | +70.8% |
| 1898 | -3.3 % change on previous year | -189.4% |
| 1899 | -11.15 % change on previous year | +238.1% |
| 1900 | 4.46 % change on previous year | -140.0% |
| 1901 | 103.02 % change on previous year | +2210.2% |
| 1902 | 23.92 % change on previous year | -76.8% |
| 1903 | -5.33 % change on previous year | -122.3% |
| 1904 | -5.51 % change on previous year | +3.4% |
| 1905 | -2.88 % change on previous year | -47.7% |
| 1906 | -9.64 % change on previous year | +234.6% |
| 1907 | -4.19 % change on previous year | -56.6% |
| 1908 | -6.4 % change on previous year | +52.8% |
| 1909 | 1.13 % change on previous year | -117.7% |
| 1910 | -12.07 % change on previous year | -1166.6% |
| 1911 | -1.07 % change on previous year | -91.2% |
| 1912 | 4.5 % change on previous year | -522.3% |
| 1913 | 20.19 % change on previous year | +348.9% |
| 1914 | -17.74 % change on previous year | -187.9% |
| 1915 | 7.81 % change on previous year | -144.0% |
| 1916 | -7.08 % change on previous year | -190.7% |
| 1917 | -13.8 % change on previous year | +94.9% |
| 1918 | -3.69 % change on previous year | -73.3% |
| 1919 | -15.69 % change on previous year | +325.6% |
| 1920 | -17.21 % change on previous year | +9.7% |
| 1921 | 24.98 % change on previous year | -245.2% |
| 1922 | 5.26 % change on previous year | -79.0% |
| 1923 | -1.63 % change on previous year | -130.9% |
| 1924 | 3.25 % change on previous year | -299.8% |
| 1925 | 12.88 % change on previous year | +296.2% |
| 1926 | 12.05 % change on previous year | -6.4% |
| 1927 | 23.03 % change on previous year | +91.2% |
| 1928 | 32.21 % change on previous year | +39.9% |
| 1929 | 20.24 % change on previous year | -37.2% |
| 1930 | 3.96 % change on previous year | -80.4% |
| 1931 | 1.22 % change on previous year | -69.2% |
| 1932 | 6.29 % change on previous year | +416.2% |
| 1933 | 4.16 % change on previous year | -33.8% |
| 1934 | 51.39 % change on previous year | +1134.6% |
| 1935 | 10.51 % change on previous year | -79.6% |
| 1936 | -0.868 % change on previous year | -108.3% |
| 1937 | 12.21 % change on previous year | -1506.7% |
| 1938 | 11.3 % change on previous year | -7.5% |
| 1939 | -0.7068 % change on previous year | -106.3% |
| 1940 | 3.21 % change on previous year | -554.5% |
| 1941 | -9.68 % change on previous year | -401.3% |
| 1942 | -4.49 % change on previous year | -53.6% |
| 1943 | -8.01 % change on previous year | +78.6% |
| 1944 | 6.76 % change on previous year | -184.3% |
| 1945 | 30.77 % change on previous year | +355.5% |
| 1946 | -0.0411 % change on previous year | -100.1% |
| 1947 | 43.58 % change on previous year | -106056.7% |
| 1948 | 9.68 % change on previous year | -77.8% |
| 1949 | 37.75 % change on previous year | +290.1% |
| 1950 | 12.21 % change on previous year | -67.7% |
| 1951 | 0.2072 % change on previous year | -98.3% |
| 1952 | 14.55 % change on previous year | +6923.9% |
| 1953 | 4.08 % change on previous year | -71.9% |
| 1954 | 2.22 % change on previous year | -45.6% |
| 1955 | -11.61 % change on previous year | -622.7% |
| 1956 | 16.74 % change on previous year | -244.3% |
| 1957 | 14.66 % change on previous year | -12.4% |
| 1958 | 13.9 % change on previous year | -5.2% |
| 1959 | -14.84 % change on previous year | -206.8% |
| 1960 | -10.63 % change on previous year | -28.4% |
| 1961 | 0.1002 % change on previous year | -100.9% |
| 1962 | 8.94 % change on previous year | +8826.8% |
| 1963 | 18.05 % change on previous year | +101.9% |
| 1964 | 3.79 % change on previous year | -79.0% |
| 1965 | 1.04 % change on previous year | -72.5% |
| 1966 | 6.76 % change on previous year | +549.0% |
| 1967 | 8.3 % change on previous year | +22.7% |
| 1968 | 0.9204 % change on previous year | -88.9% |
| 1969 | 2.07 % change on previous year | +125.4% |
| 1970 | 7.28 % change on previous year | +251.0% |
| 1971 | 13.02 % change on previous year | +78.9% |
| 1972 | 4.22 % change on previous year | -67.6% |
| 1973 | 2.31 % change on previous year | -45.2% |
| 1974 | 14.58 % change on previous year | +530.8% |
| 1975 | 9.5 % change on previous year | -34.8% |
| 1976 | -5.58 % change on previous year | -158.7% |
| 1977 | 3.19 % change on previous year | -157.1% |
| 1978 | -1.52 % change on previous year | -147.8% |
| 1979 | 8.04 % change on previous year | -627.9% |
| 1980 | -0.5796 % change on previous year | -107.2% |
| 1981 | -4.34 % change on previous year | +649.0% |
| 1982 | -1.59 % change on previous year | -63.4% |
| 1983 | 3.04 % change on previous year | -291.1% |
| 1984 | -10.31 % change on previous year | -439.8% |
| 1985 | -22.91 % change on previous year | +122.1% |
| 1986 | -1.06 % change on previous year | -95.4% |
| 1987 | 7.85 % change on previous year | -836.9% |
| 1988 | -11.81 % change on previous year | -250.5% |
| 1989 | -8.54 % change on previous year | -27.7% |
| 1990 | -0.5356 % change on previous year | -93.7% |
| 1991 | 56.87 % change on previous year | -10718.6% |
| 1992 | -16.83 % change on previous year | -129.6% |
| 1993 | -14.68 % change on previous year | -12.7% |
| 1994 | -30.95 % change on previous year | +110.8% |
| 1995 | -5.21 % change on previous year | -83.2% |
| 1996 | -8.01 % change on previous year | +53.7% |
| 1997 | 22.46 % change on previous year | -380.3% |
| 1998 | 3.46 % change on previous year | -84.6% |
| 1999 | 7.78 % change on previous year | +124.8% |
| 2000 | 6.03 % change on previous year | -22.5% |
| 2001 | 30.57 % change on previous year | +407.3% |
| 2002 | 0.0483 % change on previous year | -99.8% |
| 2003 | -4.23 % change on previous year | -8859.3% |
| 2004 | 14.81 % change on previous year | -449.8% |
| 2005 | 32.46 % change on previous year | +119.2% |
| 2006 | 13.15 % change on previous year | -59.5% |
| 2007 | 12.93 % change on previous year | -1.7% |
| 2008 | 5.19 % change on previous year | -59.8% |
| 2009 | -11.04 % change on previous year | -312.6% |
| 2010 | -7.93 % change on previous year | -28.1% |
| 2011 | 4.31 % change on previous year | -154.4% |
| 2012 | 61.26 % change on previous year | +1320.4% |
| 2013 | -7.58 % change on previous year | -112.4% |
| 2014 | -14.31 % change on previous year | +88.8% |
| 2015 | -69.03 % change on previous year | +382.2% |
| 2016 | -12.68 % change on previous year | -81.6% |
| 2017 | -0.6438 % change on previous year | -94.9% |
| 2018 | -53.81 % change on previous year | +8257.7% |
| 2019 | -98.28 % change on previous year | +82.7% |
| 2020 | -17.82 % change on previous year | -81.9% |
| 2021 | -15.26 % change on previous year | -14.4% |
| 2022 | 12.41 % change on previous year | -181.3% |
| 2023 | 3.63 % change on previous year | -70.7% |
Venezuela compared with similar countries
- Venezuela's 3.63 % change on previous year is below the median for lower middle income countries, which is 4.39 % change on previous year, 83% of the median. (42 countries reporting)
- Venezuela's 3.63 % change on previous year is below the median for Latin America & Caribbean, which is 4.34 % change on previous year, 84% of the median. (27 countries reporting)
Biggest year-on-year movements
Years where Military spending, annual growth rate in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1947 | +106056.7% | -0.0411 % change on previous year | 43.58 % change on previous year |
| 1991 | +10718.6% | -0.5356 % change on previous year | 56.87 % change on previous year |
| 2003 | -8859.3% | 0.0483 % change on previous year | -4.23 % change on previous year |
| 1962 | +8826.8% | 0.1002 % change on previous year | 8.94 % change on previous year |
| 2018 | -8257.7% | -0.6438 % change on previous year | -53.81 % change on previous year |
| 1952 | +6923.9% | 0.2072 % change on previous year | 14.55 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1840s | 2.44 % change on previous year | -5.37 % change on previous year | 10.32 % change on previous year | 8 |
| 1850s | -0.2844 % change on previous year | -7.92 % change on previous year | 8.03 % change on previous year | 10 |
| 1860s | -6.56 % change on previous year | -19.12 % change on previous year | 4.45 % change on previous year | 10 |
| 1870s | -4.09 % change on previous year | -19.27 % change on previous year | 5.24 % change on previous year | 10 |
| 1880s | 0.4678 % change on previous year | -16.84 % change on previous year | 12.45 % change on previous year | 10 |
| 1890s | 1.39 % change on previous year | -11.15 % change on previous year | 10.81 % change on previous year | 10 |
| 1900s | 9.86 % change on previous year | -9.64 % change on previous year | 103.02 % change on previous year | 10 |
| 1910s | -3.86 % change on previous year | -17.74 % change on previous year | 20.19 % change on previous year | 10 |
| 1920s | 11.51 % change on previous year | -17.21 % change on previous year | 32.21 % change on previous year | 10 |
| 1930s | 9.95 % change on previous year | -0.868 % change on previous year | 51.39 % change on previous year | 10 |
| 1940s | 10.95 % change on previous year | -9.68 % change on previous year | 43.58 % change on previous year | 10 |
| 1950s | 5.21 % change on previous year | -14.84 % change on previous year | 16.74 % change on previous year | 10 |
| 1960s | 3.93 % change on previous year | -10.63 % change on previous year | 18.05 % change on previous year | 10 |
| 1970s | 5.5 % change on previous year | -5.58 % change on previous year | 14.58 % change on previous year | 10 |
| 1980s | -5.03 % change on previous year | -22.91 % change on previous year | 7.85 % change on previous year | 10 |
| 1990s | 1.43 % change on previous year | -30.95 % change on previous year | 56.87 % change on previous year | 10 |
| 2000s | 9.99 % change on previous year | -11.04 % change on previous year | 32.46 % change on previous year | 10 |
| 2010s | -19.87 % change on previous year | -98.28 % change on previous year | 61.26 % change on previous year | 10 |
| 2020s | -4.26 % change on previous year | -17.82 % change on previous year | 12.41 % change on previous year | 4 |
Countries ranked near Venezuela
- 108 Myanmar 3.93 % change on previous year compare
- 109 Nigeria 3.83 % change on previous year compare
- 110 Costa Rica 3.76 % change on previous year compare
- 112 Kuwait 3.53 % change on previous year compare
- 113 China 3.41 % change on previous year compare
- 114 Chile 3.41 % change on previous year compare
More reference data data for Venezuela
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.34 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 6.85 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 10.29 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2667 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 10.29 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 4.49 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.91 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 38.02 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 53.46 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.45 (2050)
Frequently asked questions
- What is military spending, annual growth rate in Venezuela?
- Military spending, annual growth rate in Venezuela was 3.63 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest military spending, annual growth rate recorded in Venezuela?
- The highest recorded value was 103.02 % change on previous year in 1901.
- What is the lowest military spending, annual growth rate recorded in Venezuela?
- The lowest recorded value was -98.28 % change on previous year in 2019.
- How does Venezuela rank for military spending, annual growth rate?
- Venezuela ranks 111th out of 172 countries with data for 2023.
- Is military spending, annual growth rate rising or falling in Venezuela?
- Over the last ten years it is up 147.9%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Statizoid (derived), published as part of Military spending, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 182 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Military spending. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Military spending Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Military spending. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.