Military spending gmsd in Peru

Peru: Military spending gmsd was 3.56 billion in 2023. ◆ Volatile

Latest (2023)
3.56 billion
Change on year
up 9.6%
World rank
60th
of 172 countries
All-time high
4.41 billion
in 1987
All-time low
10.25 million
in 1920
Years of data
185
1839–2023

Military spending gmsd in Peru, 1839–2023

01.0B2.0B3.0B4.0B183919312023

Source: Our World in Data.

Analysis

The most recent figure for military spending gmsd in Peru is 3.56 billion, measured in 2023.

The figure is up 9.6% on the previous year and up 11.6% over ten years.

Over the whole period, military spending gmsd in Peru peaked at 4.41 billion in 1987 and was at its lowest, 10.25 million, in 1920.

Peru ranks 60th 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 Peru, year by year

Annual values for Military spending gmsd in Peru, 1839 to 2023.
Year Value Change
1839 87.90 million —
1840 100.45 million +14.3%
1841 106.24 million +5.8%
1842 108.46 million +2.1%
1843 116.95 million +7.8%
1844 118.57 million +1.4%
1845 125.93 million +6.2%
1846 130.41 million +3.6%
1847 123.70 million -5.1%
1848 141.17 million +14.1%
1849 135.86 million -3.8%
1850 129.17 million -4.9%
1851 134.56 million +4.2%
1852 138.09 million +2.6%
1853 141.31 million +2.3%
1854 142.09 million +0.5%
1855 137.02 million -3.6%
1856 136.91 million -0.1%
1857 176.31 million +28.8%
1858 205.06 million +16.3%
1859 230.32 million +12.3%
1860 253.66 million +10.1%
1861 233.79 million -7.8%
1862 240.11 million +2.7%
1863 209.32 million -12.8%
1864 218.19 million +4.2%
1865 167.57 million -23.2%
1866 104.45 million -37.7%
1867 112.45 million +7.7%
1868 123.34 million +9.7%
1869 124.58 million +1.0%
1870 107.06 million -14.1%
1871 106.39 million -0.6%
1872 107.45 million +1.0%
1873 120.37 million +12.0%
1874 111.72 million -7.2%
1875 108.58 million -2.8%
1876 109.16 million +0.5%
1877 103.35 million -5.3%
1878 104.81 million +1.4%
1879 97.03 million -7.4%
1880 86.08 million -11.3%
1881 81.15 million -5.7%
1882 78.44 million -3.3%
1883 72.75 million -7.3%
1884 73.46 million +1.0%
1885 62.42 million -15.0%
1886 53.28 million -14.6%
1887 41.72 million -21.7%
1888 41.84 million +0.3%
1889 44.74 million +6.9%
1890 51.93 million +16.1%
1891 50.25 million -3.2%
1892 56.70 million +12.8%
1893 53.56 million -5.5%
1894 31.60 million -41.0%
1895 36.33 million +15.0%
1896 37.89 million +4.3%
1897 41.74 million +10.2%
1898 43.75 million +4.8%
1899 42.48 million -2.9%
1900 44.27 million +4.2%
1901 45.66 million +3.1%
1902 47.19 million +3.4%
1903 51.94 million +10.1%
1904 54.47 million +4.9%
1905 57.97 million +6.4%
1906 59.18 million +2.1%
1907 56.21 million -5.0%
1908 59.75 million +6.3%
1909 65.09 million +8.9%
1910 58.21 million -10.6%
1911 54.98 million -5.5%
1912 49.32 million -10.3%
1913 49.19 million -0.3%
1914 34.83 million -29.2%
1915 52.61 million +51.1%
1916 52.00 million -1.2%
1917 40.85 million -21.4%
1918 28.43 million -30.4%
1919 17.74 million -37.6%
1920 10.25 million -42.2%
1921 28.76 million +180.5%
1922 52.82 million +83.6%
1923 77.84 million +47.4%
1924 78.13 million +0.4%
1925 85.19 million +9.0%
1926 93.22 million +9.4%
1927 97.99 million +5.1%
1928 113.01 million +15.3%
1929 118.63 million +5.0%
1930 119.93 million +1.1%
1931 117.54 million -2.0%
1932 85.46 million -27.3%
1933 83.50 million -2.3%
1934 111.75 million +33.8%
1935 124.75 million +11.6%
1936 134.82 million +8.1%
1937 136.81 million +1.5%
1938 144.53 million +5.6%
1939 136.65 million -5.5%
1940 143.31 million +4.9%
1941 143.22 million -0.1%
1942 160.73 million +12.2%
1943 182.45 million +13.5%
1944 209.96 million +15.1%
1945 277.16 million +32.0%
1946 295.56 million +6.6%
1947 282.94 million -4.3%
1948 260.98 million -7.8%
1949 366.73 million +40.5%
1950 319.54 million -12.9%
1951 325.28 million +1.8%
1952 346.55 million +6.5%
1953 337.02 million -2.8%
1954 336.07 million -0.3%
1955 342.05 million +1.8%
1956 497.88 million +45.6%
1957 501.07 million +0.6%
1958 505.34 million +0.9%
1959 441.25 million -12.7%
1960 432.31 million -2.0%
1961 541.99 million +25.4%
1962 611.33 million +12.8%
1963 719.28 million +17.7%
1964 839.30 million +16.7%
1965 946.40 million +12.8%
1966 1.02 billion +8.1%
1967 1.17 billion +14.3%
1968 1.15 billion -1.5%
1969 1.12 billion -2.7%
1970 1.20 billion +7.4%
1971 1.34 billion +10.9%
1972 1.42 billion +6.6%
1973 1.44 billion +0.9%
1974 1.48 billion +3.0%
1975 1.90 billion +28.2%
1976 2.25 billion +18.7%
1977 2.32 billion +2.8%
1978 2.05 billion -11.6%
1979 1.85 billion -9.4%
1980 2.18 billion +17.7%
1981 2.06 billion -5.4%
1982 3.63 billion +76.1%
1983 3.08 billion -15.2%
1984 3.10 billion +0.8%
1985 2.52 billion -18.8%
1986 3.01 billion +19.3%
1987 4.41 billion +46.6%
1988 1.67 billion -62.1%
1989 1.37 billion -18.0%
1990 1.24 billion -10.0%
1991 1.05 billion -14.9%
1992 1.45 billion +38.0%
1993 1.45 billion +0.0%
1994 1.45 billion +0.1%
1995 1.86 billion +28.4%
1996 1.84 billion -1.2%
1997 1.85 billion +0.4%
1998 1.69 billion -8.7%
1999 1.60 billion -5.6%
2000 1.45 billion -8.9%
2001 1.42 billion -2.4%
2002 1.44 billion +1.4%
2003 1.35 billion -6.5%
2004 1.36 billion +0.9%
2005 1.41 billion +4.1%
2006 1.54 billion +8.8%
2007 1.67 billion +8.3%
2008 1.72 billion +3.2%
2009 1.91 billion +11.1%
2010 1.98 billion +3.9%
2011 2.43 billion +22.6%
2012 2.83 billion +16.6%
2013 3.19 billion +12.4%
2014 3.02 billion -5.2%
2015 2.88 billion -4.7%
2016 2.67 billion -7.2%
2017 2.84 billion +6.2%
2018 2.88 billion +1.5%
2019 3.22 billion +11.9%
2020 3.23 billion +0.2%
2021 3.34 billion +3.5%
2022 3.25 billion -2.9%
2023 3.56 billion +9.6%

Peru compared with similar countries

  • Peru's 3.56 billion is above the median for upper middle income countries, which is 1.25 billion, 2.8× the median. (49 countries reporting)
  • Peru's 3.56 billion is above the median for Latin America & Caribbean, which is 509.92 million, 7.0× the median. (27 countries reporting)

Biggest year-on-year movements

Years where Military spending gmsd in Peru 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
1921 +180.5% 10.25 million 28.76 million
1922 +83.6% 28.76 million 52.82 million
1982 +76.1% 2.06 billion 3.63 billion
1988 -62.1% 4.41 billion 1.67 billion

Averages by decade

DecadeAverage LowestHighest Years
1830s 87.90 million 87.90 million 87.90 million 1
1840s 120.77 million 100.45 million 141.17 million 10
1850s 157.08 million 129.17 million 230.32 million 10
1860s 178.75 million 104.45 million 253.66 million 10
1870s 107.59 million 97.03 million 120.37 million 10
1880s 63.59 million 41.72 million 86.08 million 10
1890s 44.62 million 31.60 million 56.70 million 10
1900s 54.18 million 44.27 million 65.09 million 10
1910s 43.82 million 17.74 million 58.21 million 10
1920s 75.58 million 10.25 million 118.63 million 10
1930s 119.58 million 83.50 million 144.53 million 10
1940s 232.30 million 143.22 million 366.73 million 10
1950s 395.21 million 319.54 million 505.34 million 10
1960s 855.54 million 432.31 million 1.17 billion 10
1970s 1.72 billion 1.20 billion 2.32 billion 10
1980s 2.70 billion 1.37 billion 4.41 billion 10
1990s 1.55 billion 1.05 billion 1.86 billion 10
2000s 1.53 billion 1.35 billion 1.91 billion 10
2010s 2.80 billion 1.98 billion 3.22 billion 10
2020s 3.34 billion 3.23 billion 3.56 billion 4

Countries ranked near Peru

  1. 57 Azerbaijan 3.76 billion compare
  2. 58 South Africa 3.63 billion compare
  3. 59 New Zealand 3.61 billion compare
  4. 61 Myanmar 3.30 billion compare
  5. 62 Syria 3.22 billion compare
  6. 63 Ecuador 3.12 billion compare

See the full ranking of 172 places →

More reference data data for Peru

All data for Peru →

Frequently asked questions

What is military spending gmsd in Peru?
Military spending gmsd in Peru was 3.56 billion in 2023, according to Our World in Data.
What is the highest military spending gmsd recorded in Peru?
The highest recorded value was 4.41 billion in 1987.
What is the lowest military spending gmsd recorded in Peru?
The lowest recorded value was 10.25 million in 1920.
How does Peru rank for military spending gmsd?
Peru ranks 60th out of 172 countries with data for 2023.
Is military spending gmsd rising or falling in Peru?
Over the last ten years it is up 11.6%. The long-run trend across the full record is volatile.
Where does this Peru 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 Peru. Statizoid, drawing on Our World in Data. Retrieved 14 November 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/peru/

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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