Military spending, per capita in Venezuela

Venezuela: Military spending, per capita was 0.1706 constant 2022 US$ per person in 2023. ◆ Volatile

Latest (2023)
0.1706 constant 2022 US$ per person
Change on year
up 3.3%
World rank
171st
of 171 countries
All-time high
131.6 constant 2022 US$ per person
in 1975
All-time low
0.1467 constant 2022 US$ per person
in 2021
Years of data
64
1960–2023

Military spending, per capita in Venezuela, 1960–2023

050100150196019912023

Source: Statizoid (derived). Measured in constant 2022 US$ per person.

Analysis

Venezuela recorded 0.1706 constant 2022 US$ per person for military spending, per capita in 2023.

Compared with earlier readings it is up 3.3% on the previous year and down 99.8% over ten years.

Over the whole period, military spending, per capita in Venezuela peaked at 131.6 constant 2022 US$ per person in 1975 and was at its lowest, 0.1467 constant 2022 US$ per person, in 2021.

That places Venezuela 171st out of 171 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, per capita in Venezuela, year by year

Annual values for Military spending, per capita in Venezuela, 1960 to 2023.
Year constant 2022 US$ per person Change
1960 81.72 constant 2022 US$ per person
1961 78.94 constant 2022 US$ per person -3.4%
1962 83.04 constant 2022 US$ per person +5.2%
1963 94.71 constant 2022 US$ per person +14.1%
1964 95.01 constant 2022 US$ per person +0.3%
1965 92.83 constant 2022 US$ per person -2.3%
1966 95.87 constant 2022 US$ per person +3.3%
1967 100.48 constant 2022 US$ per person +4.8%
1968 98.19 constant 2022 US$ per person -2.3%
1969 97.12 constant 2022 US$ per person -1.1%
1970 101.01 constant 2022 US$ per person +4.0%
1971 110.73 constant 2022 US$ per person +9.6%
1972 111.98 constant 2022 US$ per person +1.1%
1973 111.22 constant 2022 US$ per person -0.7%
1974 123.74 constant 2022 US$ per person +11.3%
1975 131.6 constant 2022 US$ per person +6.4%
1976 120.69 constant 2022 US$ per person -8.3%
1977 120.98 constant 2022 US$ per person +0.2%
1978 115.75 constant 2022 US$ per person -4.3%
1979 121.53 constant 2022 US$ per person +5.0%
1980 117.47 constant 2022 US$ per person -3.3%
1981 109.3 constant 2022 US$ per person -7.0%
1982 104.66 constant 2022 US$ per person -4.2%
1983 104.97 constant 2022 US$ per person +0.3%
1984 91.67 constant 2022 US$ per person -12.7%
1985 68.84 constant 2022 US$ per person -24.9%
1986 66.35 constant 2022 US$ per person -3.6%
1987 69.72 constant 2022 US$ per person +5.1%
1988 59.93 constant 2022 US$ per person -14.0%
1989 53.46 constant 2022 US$ per person -10.8%
1990 51.89 constant 2022 US$ per person -2.9%
1991 79.49 constant 2022 US$ per person +53.2%
1992 64.6 constant 2022 US$ per person -18.7%
1993 53.89 constant 2022 US$ per person -16.6%
1994 36.4 constant 2022 US$ per person -32.5%
1995 33.77 constant 2022 US$ per person -7.2%
1996 30.43 constant 2022 US$ per person -9.9%
1997 36.5 constant 2022 US$ per person +20.0%
1998 37.02 constant 2022 US$ per person +1.4%
1999 39.12 constant 2022 US$ per person +5.7%
2000 40.7 constant 2022 US$ per person +4.0%
2001 52.18 constant 2022 US$ per person +28.2%
2002 51.27 constant 2022 US$ per person -1.7%
2003 48.23 constant 2022 US$ per person -5.9%
2004 54.43 constant 2022 US$ per person +12.9%
2005 70.9 constant 2022 US$ per person +30.3%
2006 78.93 constant 2022 US$ per person +11.3%
2007 87.76 constant 2022 US$ per person +11.2%
2008 90.99 constant 2022 US$ per person +3.7%
2009 79.85 constant 2022 US$ per person -12.2%
2010 72.56 constant 2022 US$ per person -9.1%
2011 74.72 constant 2022 US$ per person +3.0%
2012 118.99 constant 2022 US$ per person +59.2%
2013 108.66 constant 2022 US$ per person -8.7%
2014 92.05 constant 2022 US$ per person -15.3%
2015 28.21 constant 2022 US$ per person -69.3%
2016 24.48 constant 2022 US$ per person -13.2%
2017 24.48 constant 2022 US$ per person +0.0%
2018 11.6 constant 2022 US$ per person -52.6%
2019 0.2056 constant 2022 US$ per person -98.2%
2020 0.1719 constant 2022 US$ per person -16.4%
2021 0.1467 constant 2022 US$ per person -14.6%
2022 0.1651 constant 2022 US$ per person +12.5%
2023 0.1706 constant 2022 US$ per person +3.3%

Venezuela compared with similar countries

  • Venezuela's 0.1706 constant 2022 US$ per person is below the median for lower middle income countries, which is 35.33 constant 2022 US$ per person, 0% of the median. (42 countries reporting)
  • Venezuela's 0.1706 constant 2022 US$ per person is below the median for Latin America & Caribbean, which is 98.1 constant 2022 US$ per person, 0% of the median. (27 countries reporting)

Biggest year-on-year movements

Years where Military spending, per capita 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.

YearChange FromTo
2019 -98.2% 11.6 constant 2022 US$ per person 0.2056 constant 2022 US$ per person
2015 -69.3% 92.05 constant 2022 US$ per person 28.21 constant 2022 US$ per person

Averages by decade

DecadeAverage LowestHighest Years
1960s 91.79 constant 2022 US$ per person 78.94 constant 2022 US$ per person 100.48 constant 2022 US$ per person 10
1970s 116.92 constant 2022 US$ per person 101.01 constant 2022 US$ per person 131.6 constant 2022 US$ per person 10
1980s 84.64 constant 2022 US$ per person 53.46 constant 2022 US$ per person 117.47 constant 2022 US$ per person 10
1990s 46.31 constant 2022 US$ per person 30.43 constant 2022 US$ per person 79.49 constant 2022 US$ per person 10
2000s 65.52 constant 2022 US$ per person 40.7 constant 2022 US$ per person 90.99 constant 2022 US$ per person 10
2010s 55.6 constant 2022 US$ per person 0.2056 constant 2022 US$ per person 118.99 constant 2022 US$ per person 10
2020s 0.1636 constant 2022 US$ per person 0.1467 constant 2022 US$ per person 0.1719 constant 2022 US$ per person 4

Countries ranked near Venezuela

  1. 168 Laos 3.83 constant 2022 US$ per person compare
  2. 169 Sierra Leone 3.34 constant 2022 US$ per person compare
  3. 170 Haiti 1.43 constant 2022 US$ per person compare

See the full ranking of 171 places →

More reference data data for Venezuela

All data for Venezuela →

Frequently asked questions

What is military spending, per capita in Venezuela?
Military spending, per capita in Venezuela was 0.1706 constant 2022 US$ per person in 2023, according to Statizoid (derived).
What is the highest military spending, per capita recorded in Venezuela?
The highest recorded value was 131.6 constant 2022 US$ per person in 1975.
What is the lowest military spending, per capita recorded in Venezuela?
The lowest recorded value was 0.1467 constant 2022 US$ per person in 2021.
How does Venezuela rank for military spending, per capita?
Venezuela ranks 171st out of 171 countries with data for 2023.
Is military spending, per capita rising or falling in Venezuela?
Over the last ten years it is down 99.8%. 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, per capita. Statizoid updates them automatically from the source API.

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Military spending, per capita in Venezuela. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/military-spending-per-capita-2/venezuela-rb/

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How this figure is calculated

Military spending divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Military spending ÷ Population, total

Computed from

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

Indicator
Military spending, per capita
Unit
constant 2022 US$ per person
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
171 places, 9,593 data points, 1960–2023
Last refreshed

Military spending divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.