Military spending gmsd in Bolivia

Bolivia: Military spending gmsd was 713.62 million in 2023. ◆ Volatile

Latest (2023)
713.62 million
Change on year
up 13.0%
World rank
97th
of 172 countries
All-time high
713.62 million
in 2023
All-time low
15.84 million
in 1956
Years of data
176
1848–2023

Military spending gmsd in Bolivia, 1848–2023

0200.0M400.0M600.0M800.0M184819352023

Source: Our World in Data.

Analysis

The most recent figure for military spending gmsd in Bolivia is 713.62 million, measured in 2023. That is the highest value across all 176 years on record.

That represents a change of up 13.0% on the previous year and up 51.1% over ten years.

Over the whole period, military spending gmsd in Bolivia peaked at 713.62 million in 2023 and was at its lowest, 15.84 million, in 1956.

Bolivia ranks 97th of 172 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Military spending gmsd in Bolivia, year by year

Annual values for Military spending gmsd in Bolivia, 1848 to 2023.
Year Value Change
1848 42.18 million —
1849 41.35 million -2.0%
1850 38.33 million -7.3%
1851 40.90 million +6.7%
1852 39.87 million -2.5%
1853 38.51 million -3.4%
1854 37.76 million -1.9%
1855 35.66 million -5.6%
1856 35.17 million -1.4%
1857 31.88 million -9.4%
1858 35.56 million +11.6%
1859 34.40 million -3.3%
1860 33.95 million -1.3%
1861 29.10 million -14.3%
1862 24.82 million -14.7%
1863 22.34 million -10.0%
1864 20.66 million -7.5%
1865 17.32 million -16.1%
1866 16.73 million -3.4%
1867 17.16 million +2.6%
1868 18.39 million +7.2%
1869 18.84 million +2.4%
1870 17.71 million -6.0%
1871 17.84 million +0.7%
1872 17.44 million -2.2%
1873 19.09 million +9.4%
1874 18.69 million -2.1%
1875 19.70 million +5.4%
1876 21.94 million +11.4%
1877 21.38 million -2.6%
1878 23.92 million +11.9%
1879 23.78 million -0.6%
1880 44.21 million +85.9%
1881 39.87 million -9.8%
1882 39.89 million +0.0%
1883 37.84 million -5.1%
1884 37.18 million -1.7%
1885 33.60 million -9.6%
1886 32.78 million -2.4%
1887 29.75 million -9.3%
1888 31.07 million +4.4%
1889 28.34 million -8.8%
1890 28.05 million -1.0%
1891 24.25 million -13.5%
1892 22.89 million -5.6%
1893 19.80 million -13.5%
1894 18.39 million -7.1%
1895 19.00 million +3.3%
1896 20.94 million +10.2%
1897 20.47 million -2.2%
1898 21.04 million +2.8%
1899 22.59 million +7.4%
1900 24.97 million +10.5%
1901 27.41 million +9.8%
1902 28.00 million +2.1%
1903 26.38 million -5.8%
1904 25.43 million -3.6%
1905 25.76 million +1.3%
1906 26.28 million +2.0%
1907 27.58 million +5.0%
1908 28.26 million +2.5%
1909 33.18 million +17.4%
1910 32.36 million -2.5%
1911 35.19 million +8.7%
1912 44.62 million +26.8%
1913 55.13 million +23.6%
1914 46.17 million -16.3%
1915 54.54 million +18.1%
1916 46.59 million -14.6%
1917 42.18 million -9.5%
1918 39.93 million -5.3%
1919 32.38 million -18.9%
1920 24.63 million -23.9%
1921 26.97 million +9.5%
1922 25.54 million -5.3%
1923 27.76 million +8.7%
1924 31.09 million +12.0%
1925 35.25 million +13.4%
1926 41.55 million +17.9%
1927 46.98 million +13.1%
1928 48.23 million +2.7%
1929 48.77 million +1.1%
1930 47.19 million -3.2%
1931 49.62 million +5.2%
1932 43.49 million -12.4%
1933 228.09 million +424.5%
1934 443.01 million +94.2%
1935 512.60 million +15.7%
1936 70.61 million -86.2%
1937 56.04 million -20.6%
1938 64.13 million +14.4%
1939 60.48 million -5.7%
1940 67.64 million +11.9%
1941 63.45 million -6.2%
1942 73.13 million +15.3%
1943 71.17 million -2.7%
1944 75.65 million +6.3%
1945 86.84 million +14.8%
1946 77.39 million -10.9%
1947 69.19 million -10.6%
1948 66.91 million -3.3%
1949 98.32 million +46.9%
1950 111.93 million +13.8%
1951 118.47 million +5.8%
1952 148.16 million +25.1%
1953 132.82 million -10.4%
1954 30.03 million -77.4%
1955 31.51 million +4.9%
1956 15.84 million -49.7%
1957 19.41 million +22.6%
1958 20.52 million +5.7%
1959 21.55 million +5.1%
1960 28.65 million +32.9%
1961 36.71 million +28.1%
1962 44.80 million +22.0%
1963 67.87 million +51.5%
1964 88.61 million +30.5%
1965 104.45 million +17.9%
1966 106.07 million +1.5%
1967 107.07 million +0.9%
1968 99.89 million -6.7%
1969 104.08 million +4.2%
1970 117.44 million +12.8%
1971 118.32 million +0.7%
1972 139.88 million +18.2%
1973 141.27 million +1.0%
1974 172.65 million +22.2%
1975 224.76 million +30.2%
1976 239.71 million +6.6%
1977 252.53 million +5.3%
1978 287.99 million +14.0%
1979 333.10 million +15.7%
1980 352.74 million +5.9%
1981 378.16 million +7.2%
1982 301.02 million -20.4%
1983 258.23 million -14.2%
1984 289.66 million +12.2%
1985 293.26 million +1.2%
1986 257.75 million -12.1%
1987 291.90 million +13.3%
1988 287.13 million -1.6%
1989 283.65 million -1.2%
1990 271.95 million -4.1%
1991 240.09 million -11.7%
1992 236.13 million -1.6%
1993 230.08 million -2.6%
1994 240.13 million +4.4%
1995 255.34 million +6.3%
1996 269.18 million +5.4%
1997 275.08 million +2.2%
1998 304.81 million +10.8%
1999 271.43 million -11.0%
2000 257.50 million -5.1%
2001 246.33 million -4.3%
2002 241.80 million -1.8%
2003 227.46 million -5.9%
2004 224.95 million -1.1%
2005 208.81 million -7.2%
2006 218.57 million +4.7%
2007 246.13 million +12.6%
2008 323.81 million +31.6%
2009 363.20 million +12.2%
2010 406.96 million +12.0%
2011 405.28 million -0.4%
2012 448.46 million +10.7%
2013 472.17 million +5.3%
2014 490.77 million +3.9%
2015 513.72 million +4.7%
2016 561.46 million +9.3%
2017 656.10 million +16.9%
2018 645.69 million -1.6%
2019 674.37 million +4.4%
2020 637.46 million -5.5%
2021 663.77 million +4.1%
2022 631.69 million -4.8%
2023 713.62 million +13.0%

Bolivia compared with similar countries

  • Bolivia's 713.62 million is above the median for lower middle income countries, which is 485.52 million, 1.5× the median. (42 countries reporting)
  • Bolivia's 713.62 million is above the median for Latin America & Caribbean, which is 509.92 million, 1.4× the median. (27 countries reporting)

Biggest year-on-year movements

Years where Military spending gmsd in Bolivia 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.

YearChange FromTo
1933 +424.5% 43.49 million 228.09 million
1934 +94.2% 228.09 million 443.01 million
1936 -86.2% 512.60 million 70.61 million
1880 +85.9% 23.78 million 44.21 million
1954 -77.4% 132.82 million 30.03 million

Averages by decade

DecadeAverage LowestHighest Years
1840s 41.76 million 41.35 million 42.18 million 2
1850s 36.81 million 31.88 million 40.90 million 10
1860s 21.93 million 16.73 million 33.95 million 10
1870s 20.15 million 17.44 million 23.92 million 10
1880s 35.45 million 28.34 million 44.21 million 10
1890s 21.74 million 18.39 million 28.05 million 10
1900s 27.32 million 24.97 million 33.18 million 10
1910s 42.91 million 32.36 million 55.13 million 10
1920s 35.68 million 24.63 million 48.77 million 10
1930s 157.52 million 43.49 million 512.60 million 10
1940s 74.97 million 63.45 million 98.32 million 10
1950s 65.02 million 15.84 million 148.16 million 10
1960s 78.82 million 28.65 million 107.07 million 10
1970s 202.76 million 117.44 million 333.10 million 10
1980s 299.35 million 257.75 million 378.16 million 10
1990s 259.42 million 230.08 million 304.81 million 10
2000s 255.86 million 208.81 million 363.20 million 10
2010s 527.50 million 405.28 million 674.37 million 10
2020s 661.63 million 631.69 million 713.62 million 4

Countries ranked near Bolivia

  1. 94 Sudan 809.71 million compare
  2. 95 Cote d'Ivoire 800.77 million compare
  3. 96 Burkina Faso 793.65 million compare
  4. 98 Cyprus 662.13 million compare
  5. 99 Luxembourg 641.81 million compare
  6. 100 Democratic Republic of Congo 640.30 million compare

See the full ranking of 172 places →

More reference data data for Bolivia

All data for Bolivia →

Frequently asked questions

What is military spending gmsd in Bolivia?
Military spending gmsd in Bolivia was 713.62 million in 2023, according to Our World in Data.
What is the highest military spending gmsd recorded in Bolivia?
The highest recorded value was 713.62 million in 2023.
What is the lowest military spending gmsd recorded in Bolivia?
The lowest recorded value was 15.84 million in 1956.
How does Bolivia rank for military spending gmsd?
Bolivia ranks 97th out of 172 countries with data for 2023.
Is military spending gmsd rising or falling in Bolivia?
Over the last ten years it is up 51.1%. The long-run trend across the full record is volatile.
Where does this Bolivia data come from?
The figures come from Our World in Data, published as part of Military spending gmsd. Statizoid updates them automatically from the source API.

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Military spending gmsd in Bolivia. Statizoid, drawing on Our World in Data. Retrieved 13 November 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/bolivia/

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About this data

Indicator
Military spending gmsd
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed