Military spending per armed forces personnel in Peru

Peru: Military spending per armed forces personnel was 19,177 constant 2024 US$ in 2020. ◆ Volatile

Latest (2020)
19,177 constant 2024 US$
Change on year
down 1.1%
World rank
98th
of 160 countries
All-time high
53,170 constant 2024 US$
in 1985
All-time low
8,481 constant 2024 US$
in 2002
Years of data
33
1985–2020

Military spending per armed forces personnel in Peru, 1985–2020

10.0k20.0k30.0k40.0k50.0k1985200220201985: 53.2k constant 2024 US$1989: 21.9k constant 2024 US$1990: 16.1k constant 2024 US$1991: 11.9k constant 2024 US$1992: 15.7k constant 2024 US$1993: 17.9k constant 2024 US$1994: 18.5k constant 2024 US$1995: 13.7k constant 2024 US$1996: 12.1k constant 2024 US$1997: 9.8k constant 2024 US$1998: 9.7k constant 2024 US$1999: 9.9k constant 2024 US$2000: 9.1k constant 2024 US$2001: 9.6k constant 2024 US$2002: 8.5k constant 2024 US$2003: 9.2k constant 2024 US$2004: 10.2k constant 2024 US$2005: 12.6k constant 2024 US$2006: 10.4k constant 2024 US$2007: 10.1k constant 2024 US$2008: 10.5k constant 2024 US$2009: 12.8k constant 2024 US$2010: 13.9k constant 2024 US$2011: 14.2k constant 2024 US$2012: 15.9k constant 2024 US$2013: 18.4k constant 2024 US$2014: 22.1k constant 2024 US$2015: 24.6k constant 2024 US$2016: 19.3k constant 2024 US$2017: 19.1k constant 2024 US$2018: 18.8k constant 2024 US$2019: 19.4k constant 2024 US$2020: 19.2k constant 2024 US$

Source: Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.

Analysis

Peru recorded 19,177 constant 2024 US$ for military spending per armed forces personnel in 2020.

Compared with earlier readings it is down 1.1% on the previous year and up 37.7% over ten years.

Over the whole period, military spending per armed forces personnel in Peru peaked at 53,170 constant 2024 US$ in 1985 and was at its lowest, 8,481 constant 2024 US$, in 2002.

That places Peru 98th out of 160 countries with data for 2020, putting it in the middle of the range.

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

Averages by decade

DecadeAverage LowestHighest Years
1980s 37,541 constant 2024 US$ 21,911 constant 2024 US$ 53,170 constant 2024 US$ 2
1990s 13,540 constant 2024 US$ 9,710 constant 2024 US$ 18,516 constant 2024 US$ 10
2000s 10,291 constant 2024 US$ 8,481 constant 2024 US$ 12,789 constant 2024 US$ 10
2010s 18,568 constant 2024 US$ 13,929 constant 2024 US$ 24,643 constant 2024 US$ 10
2020s 19,177 constant 2024 US$ 19,177 constant 2024 US$ 19,177 constant 2024 US$ 1

Countries ranked near Peru

  1. 95 Armenia 19,870 constant 2024 US$ compare
  2. 96 Fiji 19,598 constant 2024 US$ compare
  3. 97 Jordan 19,409 constant 2024 US$ compare
  4. 99 Togo 18,957 constant 2024 US$ compare
  5. 100 Honduras 18,773 constant 2024 US$ compare
  6. 101 Bosnia and Herzegovina 18,129 constant 2024 US$ compare

See the full ranking of 160 places →

More reference data data for Peru

All data for Peru →

Frequently asked questions

What is military spending per armed forces personnel in Peru?
Military spending per armed forces personnel in Peru was 19,177 constant 2024 US$ in 2020, according to Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data.
What is the highest military spending per armed forces personnel recorded in Peru?
The highest recorded value was 53,170 constant 2024 US$ in 1985.
What is the lowest military spending per armed forces personnel recorded in Peru?
The lowest recorded value was 8,481 constant 2024 US$ in 2002.
How does Peru rank for military spending per armed forces personnel?
Peru ranks 98th out of 160 countries with data for 2020.
Is military spending per armed forces personnel rising or falling in Peru?
Over the last ten years it is up 37.7%. The long-run trend across the full record is volatile.
Where does this Peru data come from?
The figures come from Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data, published as part of Military spending per armed forces personnel. Statizoid updates them automatically from the source API.

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About this data

Indicator
Military spending per armed forces personnel
Unit
constant 2024 US$
Source
Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
160 places, 4,610 data points, 1985–2020
Last refreshed

Total military expenditure divided by armed forces personnel. 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.