Military spending in Venezuela
Venezuela: Military spending was 4.83 million constant 2022 US$ in 2023. ◆ Volatile
Latest (2023)
4.83 million constant 2022 US$
Change on year
up 3.6%
World rank
172nd
of 172 countries
All-time high
3.52 billion constant 2022 US$
in 2012
All-time low
4.14 million constant 2022 US$
in 2021
Years of data
183
1841–2023
Military spending in Venezuela, 1841–2023
Source: Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.
Analysis
In 2023, military spending in Venezuela stood at 4.83 million constant 2022 US$.
The figure is up 3.6% on the previous year and down 99.9% over ten years.
Over the whole period, military spending in Venezuela peaked at 3.52 billion constant 2022 US$ in 2012 and was at its lowest, 4.14 million constant 2022 US$, in 2021.
That places Venezuela 172nd out of 172 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending in Venezuela, year by year
| Year | constant 2022 US$ | Change |
|---|---|---|
| 1841 | 61.24 million constant 2022 US$ | — |
| 1842 | 59.18 million constant 2022 US$ | -3.4% |
| 1843 | 65.29 million constant 2022 US$ | +10.3% |
| 1844 | 65.04 million constant 2022 US$ | -0.4% |
| 1845 | 66.75 million constant 2022 US$ | +2.6% |
| 1846 | 70.03 million constant 2022 US$ | +4.9% |
| 1847 | 66.27 million constant 2022 US$ | -5.4% |
| 1848 | 72.04 million constant 2022 US$ | +8.7% |
| 1849 | 73.54 million constant 2022 US$ | +2.1% |
| 1850 | 68.14 million constant 2022 US$ | -7.3% |
| 1851 | 71.56 million constant 2022 US$ | +5.0% |
| 1852 | 74.20 million constant 2022 US$ | +3.7% |
| 1853 | 69.25 million constant 2022 US$ | -6.7% |
| 1854 | 67.33 million constant 2022 US$ | -2.8% |
| 1855 | 71.79 million constant 2022 US$ | +6.6% |
| 1856 | 66.10 million constant 2022 US$ | -7.9% |
| 1857 | 61.11 million constant 2022 US$ | -7.6% |
| 1858 | 64.82 million constant 2022 US$ | +6.1% |
| 1859 | 70.02 million constant 2022 US$ | +8.0% |
| 1860 | 68.92 million constant 2022 US$ | -1.6% |
| 1861 | 61.24 million constant 2022 US$ | -11.1% |
| 1862 | 57.01 million constant 2022 US$ | -6.9% |
| 1863 | 51.61 million constant 2022 US$ | -9.5% |
| 1864 | 47.63 million constant 2022 US$ | -7.7% |
| 1865 | 38.52 million constant 2022 US$ | -19.1% |
| 1866 | 36.46 million constant 2022 US$ | -5.3% |
| 1867 | 38.09 million constant 2022 US$ | +4.4% |
| 1868 | 38.87 million constant 2022 US$ | +2.0% |
| 1869 | 34.66 million constant 2022 US$ | -10.8% |
| 1870 | 32.72 million constant 2022 US$ | -5.6% |
| 1871 | 32.38 million constant 2022 US$ | -1.0% |
| 1872 | 33.22 million constant 2022 US$ | +2.6% |
| 1873 | 34.82 million constant 2022 US$ | +4.8% |
| 1874 | 33.26 million constant 2022 US$ | -4.5% |
| 1875 | 30.47 million constant 2022 US$ | -8.4% |
| 1876 | 30.21 million constant 2022 US$ | -0.9% |
| 1877 | 24.39 million constant 2022 US$ | -19.3% |
| 1878 | 25.67 million constant 2022 US$ | +5.2% |
| 1879 | 22.09 million constant 2022 US$ | -13.9% |
| 1880 | 18.37 million constant 2022 US$ | -16.8% |
| 1881 | 15.93 million constant 2022 US$ | -13.3% |
| 1882 | 14.63 million constant 2022 US$ | -8.2% |
| 1883 | 15.56 million constant 2022 US$ | +6.4% |
| 1884 | 17.12 million constant 2022 US$ | +10.0% |
| 1885 | 17.44 million constant 2022 US$ | +1.8% |
| 1886 | 18.46 million constant 2022 US$ | +5.8% |
| 1887 | 18.92 million constant 2022 US$ | +2.5% |
| 1888 | 19.66 million constant 2022 US$ | +3.9% |
| 1889 | 22.11 million constant 2022 US$ | +12.4% |
| 1890 | 24.50 million constant 2022 US$ | +10.8% |
| 1891 | 22.35 million constant 2022 US$ | -8.8% |
| 1892 | 24.40 million constant 2022 US$ | +9.2% |
| 1893 | 23.94 million constant 2022 US$ | -1.9% |
| 1894 | 26.05 million constant 2022 US$ | +8.8% |
| 1895 | 27.19 million constant 2022 US$ | +4.4% |
| 1896 | 27.78 million constant 2022 US$ | +2.2% |
| 1897 | 28.80 million constant 2022 US$ | +3.7% |
| 1898 | 27.85 million constant 2022 US$ | -3.3% |
| 1899 | 24.75 million constant 2022 US$ | -11.1% |
| 1900 | 25.85 million constant 2022 US$ | +4.5% |
| 1901 | 52.48 million constant 2022 US$ | +103.0% |
| 1902 | 65.04 million constant 2022 US$ | +23.9% |
| 1903 | 61.57 million constant 2022 US$ | -5.3% |
| 1904 | 58.18 million constant 2022 US$ | -5.5% |
| 1905 | 56.50 million constant 2022 US$ | -2.9% |
| 1906 | 51.06 million constant 2022 US$ | -9.6% |
| 1907 | 48.92 million constant 2022 US$ | -4.2% |
| 1908 | 45.79 million constant 2022 US$ | -6.4% |
| 1909 | 46.31 million constant 2022 US$ | +1.1% |
| 1910 | 40.72 million constant 2022 US$ | -12.1% |
| 1911 | 40.29 million constant 2022 US$ | -1.1% |
| 1912 | 42.10 million constant 2022 US$ | +4.5% |
| 1913 | 50.60 million constant 2022 US$ | +20.2% |
| 1914 | 41.62 million constant 2022 US$ | -17.7% |
| 1915 | 44.87 million constant 2022 US$ | +7.8% |
| 1916 | 41.70 million constant 2022 US$ | -7.1% |
| 1917 | 35.94 million constant 2022 US$ | -13.8% |
| 1918 | 34.62 million constant 2022 US$ | -3.7% |
| 1919 | 29.19 million constant 2022 US$ | -15.7% |
| 1920 | 24.16 million constant 2022 US$ | -17.2% |
| 1921 | 30.20 million constant 2022 US$ | +25.0% |
| 1922 | 31.79 million constant 2022 US$ | +5.3% |
| 1923 | 31.27 million constant 2022 US$ | -1.6% |
| 1924 | 32.29 million constant 2022 US$ | +3.2% |
| 1925 | 36.44 million constant 2022 US$ | +12.9% |
| 1926 | 40.83 million constant 2022 US$ | +12.0% |
| 1927 | 50.24 million constant 2022 US$ | +23.0% |
| 1928 | 66.42 million constant 2022 US$ | +32.2% |
| 1929 | 79.86 million constant 2022 US$ | +20.2% |
| 1930 | 83.02 million constant 2022 US$ | +4.0% |
| 1931 | 84.03 million constant 2022 US$ | +1.2% |
| 1932 | 89.32 million constant 2022 US$ | +6.3% |
| 1933 | 93.04 million constant 2022 US$ | +4.2% |
| 1934 | 140.85 million constant 2022 US$ | +51.4% |
| 1935 | 155.65 million constant 2022 US$ | +10.5% |
| 1936 | 154.30 million constant 2022 US$ | -0.9% |
| 1937 | 173.14 million constant 2022 US$ | +12.2% |
| 1938 | 192.70 million constant 2022 US$ | +11.3% |
| 1939 | 191.34 million constant 2022 US$ | -0.7% |
| 1940 | 197.48 million constant 2022 US$ | +3.2% |
| 1941 | 178.37 million constant 2022 US$ | -9.7% |
| 1942 | 170.37 million constant 2022 US$ | -4.5% |
| 1943 | 156.72 million constant 2022 US$ | -8.0% |
| 1944 | 167.31 million constant 2022 US$ | +6.8% |
| 1945 | 218.80 million constant 2022 US$ | +30.8% |
| 1946 | 218.71 million constant 2022 US$ | -0.0% |
| 1947 | 314.03 million constant 2022 US$ | +43.6% |
| 1948 | 344.42 million constant 2022 US$ | +9.7% |
| 1949 | 474.42 million constant 2022 US$ | +37.7% |
| 1950 | 532.35 million constant 2022 US$ | +12.2% |
| 1951 | 533.46 million constant 2022 US$ | +0.2% |
| 1952 | 611.09 million constant 2022 US$ | +14.6% |
| 1953 | 636.05 million constant 2022 US$ | +4.1% |
| 1954 | 650.17 million constant 2022 US$ | +2.2% |
| 1955 | 574.70 million constant 2022 US$ | -11.6% |
| 1956 | 670.93 million constant 2022 US$ | +16.7% |
| 1957 | 769.32 million constant 2022 US$ | +14.7% |
| 1958 | 876.25 million constant 2022 US$ | +13.9% |
| 1959 | 746.18 million constant 2022 US$ | -14.8% |
| 1960 | 666.85 million constant 2022 US$ | -10.6% |
| 1961 | 667.52 million constant 2022 US$ | +0.1% |
| 1962 | 727.21 million constant 2022 US$ | +8.9% |
| 1963 | 858.48 million constant 2022 US$ | +18.1% |
| 1964 | 890.98 million constant 2022 US$ | +3.8% |
| 1965 | 900.26 million constant 2022 US$ | +1.0% |
| 1966 | 961.11 million constant 2022 US$ | +6.8% |
| 1967 | 1.04 billion constant 2022 US$ | +8.3% |
| 1968 | 1.05 billion constant 2022 US$ | +0.9% |
| 1969 | 1.07 billion constant 2022 US$ | +2.1% |
| 1970 | 1.15 billion constant 2022 US$ | +7.3% |
| 1971 | 1.30 billion constant 2022 US$ | +13.0% |
| 1972 | 1.35 billion constant 2022 US$ | +4.2% |
| 1973 | 1.39 billion constant 2022 US$ | +2.3% |
| 1974 | 1.59 billion constant 2022 US$ | +14.6% |
| 1975 | 1.74 billion constant 2022 US$ | +9.5% |
| 1976 | 1.64 billion constant 2022 US$ | -5.6% |
| 1977 | 1.69 billion constant 2022 US$ | +3.2% |
| 1978 | 1.67 billion constant 2022 US$ | -1.5% |
| 1979 | 1.80 billion constant 2022 US$ | +8.0% |
| 1980 | 1.79 billion constant 2022 US$ | -0.6% |
| 1981 | 1.71 billion constant 2022 US$ | -4.3% |
| 1982 | 1.69 billion constant 2022 US$ | -1.6% |
| 1983 | 1.74 billion constant 2022 US$ | +3.0% |
| 1984 | 1.56 billion constant 2022 US$ | -10.3% |
| 1985 | 1.20 billion constant 2022 US$ | -22.9% |
| 1986 | 1.19 billion constant 2022 US$ | -1.1% |
| 1987 | 1.28 billion constant 2022 US$ | +7.8% |
| 1988 | 1.13 billion constant 2022 US$ | -11.8% |
| 1989 | 1.03 billion constant 2022 US$ | -8.5% |
| 1990 | 1.03 billion constant 2022 US$ | -0.5% |
| 1991 | 1.61 billion constant 2022 US$ | +56.9% |
| 1992 | 1.34 billion constant 2022 US$ | -16.8% |
| 1993 | 1.15 billion constant 2022 US$ | -14.7% |
| 1994 | 790.80 million constant 2022 US$ | -31.0% |
| 1995 | 749.58 million constant 2022 US$ | -5.2% |
| 1996 | 689.53 million constant 2022 US$ | -8.0% |
| 1997 | 844.40 million constant 2022 US$ | +22.5% |
| 1998 | 873.61 million constant 2022 US$ | +3.5% |
| 1999 | 941.55 million constant 2022 US$ | +7.8% |
| 2000 | 998.28 million constant 2022 US$ | +6.0% |
| 2001 | 1.30 billion constant 2022 US$ | +30.6% |
| 2002 | 1.30 billion constant 2022 US$ | +0.0% |
| 2003 | 1.25 billion constant 2022 US$ | -4.2% |
| 2004 | 1.43 billion constant 2022 US$ | +14.8% |
| 2005 | 1.90 billion constant 2022 US$ | +32.5% |
| 2006 | 2.15 billion constant 2022 US$ | +13.1% |
| 2007 | 2.43 billion constant 2022 US$ | +12.9% |
| 2008 | 2.55 billion constant 2022 US$ | +5.2% |
| 2009 | 2.27 billion constant 2022 US$ | -11.0% |
| 2010 | 2.09 billion constant 2022 US$ | -7.9% |
| 2011 | 2.18 billion constant 2022 US$ | +4.3% |
| 2012 | 3.52 billion constant 2022 US$ | +61.3% |
| 2013 | 3.25 billion constant 2022 US$ | -7.6% |
| 2014 | 2.78 billion constant 2022 US$ | -14.3% |
| 2015 | 862.60 million constant 2022 US$ | -69.0% |
| 2016 | 753.19 million constant 2022 US$ | -12.7% |
| 2017 | 748.34 million constant 2022 US$ | -0.6% |
| 2018 | 345.69 million constant 2022 US$ | -53.8% |
| 2019 | 5.95 million constant 2022 US$ | -98.3% |
| 2020 | 4.89 million constant 2022 US$ | -17.8% |
| 2021 | 4.14 million constant 2022 US$ | -15.3% |
| 2022 | 4.66 million constant 2022 US$ | +12.4% |
| 2023 | 4.83 million constant 2022 US$ | +3.6% |
Venezuela compared with similar countries
- Venezuela's 4.83 million constant 2022 US$ is below the median for lower middle income countries, which is 485.52 million constant 2022 US$, 1% of the median. (42 countries reporting)
- Venezuela's 4.83 million constant 2022 US$ is below the median for Latin America & Caribbean, which is 509.92 million constant 2022 US$, 1% of the median. (27 countries reporting)
Biggest year-on-year movements
Years where Military spending in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1901 | +103.0% | 25.85 million constant 2022 US$ | 52.48 million constant 2022 US$ |
| 2019 | -98.3% | 345.69 million constant 2022 US$ | 5.95 million constant 2022 US$ |
| 2015 | -69.0% | 2.78 billion constant 2022 US$ | 862.60 million constant 2022 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1840s | 66.60 million constant 2022 US$ | 59.18 million constant 2022 US$ | 73.54 million constant 2022 US$ | 9 |
| 1850s | 68.43 million constant 2022 US$ | 61.11 million constant 2022 US$ | 74.20 million constant 2022 US$ | 10 |
| 1860s | 47.30 million constant 2022 US$ | 34.66 million constant 2022 US$ | 68.92 million constant 2022 US$ | 10 |
| 1870s | 29.92 million constant 2022 US$ | 22.09 million constant 2022 US$ | 34.82 million constant 2022 US$ | 10 |
| 1880s | 17.82 million constant 2022 US$ | 14.63 million constant 2022 US$ | 22.11 million constant 2022 US$ | 10 |
| 1890s | 25.76 million constant 2022 US$ | 22.35 million constant 2022 US$ | 28.80 million constant 2022 US$ | 10 |
| 1900s | 51.17 million constant 2022 US$ | 25.85 million constant 2022 US$ | 65.04 million constant 2022 US$ | 10 |
| 1910s | 40.16 million constant 2022 US$ | 29.19 million constant 2022 US$ | 50.60 million constant 2022 US$ | 10 |
| 1920s | 42.35 million constant 2022 US$ | 24.16 million constant 2022 US$ | 79.86 million constant 2022 US$ | 10 |
| 1930s | 135.74 million constant 2022 US$ | 83.02 million constant 2022 US$ | 192.70 million constant 2022 US$ | 10 |
| 1940s | 244.06 million constant 2022 US$ | 156.72 million constant 2022 US$ | 474.42 million constant 2022 US$ | 10 |
| 1950s | 660.05 million constant 2022 US$ | 532.35 million constant 2022 US$ | 876.25 million constant 2022 US$ | 10 |
| 1960s | 883.59 million constant 2022 US$ | 666.85 million constant 2022 US$ | 1.07 billion constant 2022 US$ | 10 |
| 1970s | 1.53 billion constant 2022 US$ | 1.15 billion constant 2022 US$ | 1.80 billion constant 2022 US$ | 10 |
| 1980s | 1.43 billion constant 2022 US$ | 1.03 billion constant 2022 US$ | 1.79 billion constant 2022 US$ | 10 |
| 1990s | 1.00 billion constant 2022 US$ | 689.53 million constant 2022 US$ | 1.61 billion constant 2022 US$ | 10 |
| 2000s | 1.76 billion constant 2022 US$ | 998.28 million constant 2022 US$ | 2.55 billion constant 2022 US$ | 10 |
| 2010s | 1.65 billion constant 2022 US$ | 5.95 million constant 2022 US$ | 3.52 billion constant 2022 US$ | 10 |
| 2020s | 4.63 million constant 2022 US$ | 4.14 million constant 2022 US$ | 4.89 million constant 2022 US$ | 4 |
Countries ranked near Venezuela
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 in Venezuela?
- Military spending in Venezuela was 4.83 million constant 2022 US$ in 2023, according to Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Venezuela?
- The highest recorded value was 3.52 billion constant 2022 US$ in 2012.
- What is the lowest military spending recorded in Venezuela?
- The lowest recorded value was 4.14 million constant 2022 US$ in 2021.
- How does Venezuela rank for military spending?
- Venezuela ranks 172nd out of 172 countries with data for 2023.
- Is military spending rising or falling in Venezuela?
- Over the last ten years it is down 99.9%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 183 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.