Military spending per military personnel in Peru

Peru: Military spending per military personnel was 40,077 constant 2022 US$ in 2022. ◆ Volatile

Latest (2022)
40,077 constant 2022 US$
Change on year
down 2.9%
World rank
80th
of 170 countries
All-time high
41,276 constant 2022 US$
in 2021
All-time low
732.35 constant 2022 US$
in 1920
Years of data
181
1839–2022

Military spending per military personnel in Peru, 1839–2022

010.0k20.0k30.0k40.0k183919302022

Source: Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data. Measured in constant 2022 US$.

Analysis

Peru recorded 40,077 constant 2022 US$ for military spending per military personnel in 2022.

That represents a change of down 2.9% on the previous year and up 62.6% over ten years.

Over the whole period, military spending per military personnel in Peru peaked at 41,276 constant 2022 US$ in 2021 and was at its lowest, 732.35 constant 2022 US$, in 1920.

Peru ranks 80th of 170 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 per military personnel in Peru, year by year

Annual values for Military spending per military personnel in Peru, 1839 to 2022.
Year constant 2022 US$ Change
1839 21,974 constant 2022 US$ —
1840 20,090 constant 2022 US$ -8.6%
1841 17,706 constant 2022 US$ -11.9%
1842 15,494 constant 2022 US$ -12.5%
1843 14,619 constant 2022 US$ -5.7%
1844 14,821 constant 2022 US$ +1.4%
1845 13,993 constant 2022 US$ -5.6%
1846 13,041 constant 2022 US$ -6.8%
1847 11,245 constant 2022 US$ -13.8%
1848 12,834 constant 2022 US$ +14.1%
1849 12,351 constant 2022 US$ -3.8%
1850 11,742 constant 2022 US$ -4.9%
1851 12,233 constant 2022 US$ +4.2%
1852 12,554 constant 2022 US$ +2.6%
1853 12,847 constant 2022 US$ +2.3%
1854 12,917 constant 2022 US$ +0.5%
1855 12,456 constant 2022 US$ -3.6%
1856 12,446 constant 2022 US$ -0.1%
1857 16,028 constant 2022 US$ +28.8%
1858 17,088 constant 2022 US$ +6.6%
1859 23,032 constant 2022 US$ +34.8%
1860 25,366 constant 2022 US$ +10.1%
1861 16,700 constant 2022 US$ -34.2%
1862 18,470 constant 2022 US$ +10.6%
1863 16,102 constant 2022 US$ -12.8%
1864 12,122 constant 2022 US$ -24.7%
1865 9,310 constant 2022 US$ -23.2%
1866 5,803 constant 2022 US$ -37.7%
1867 12,494 constant 2022 US$ +115.3%
1868 12,334 constant 2022 US$ -1.3%
1869 12,458 constant 2022 US$ +1.0%
1870 10,706 constant 2022 US$ -14.1%
1871 10,639 constant 2022 US$ -0.6%
1872 10,745 constant 2022 US$ +1.0%
1873 12,037 constant 2022 US$ +12.0%
1874 11,172 constant 2022 US$ -7.2%
1875 10,858 constant 2022 US$ -2.8%
1876 10,916 constant 2022 US$ +0.5%
1877 10,335 constant 2022 US$ -5.3%
1878 20,961 constant 2022 US$ +102.8%
1879 24,258 constant 2022 US$ +15.7%
1880 12,296 constant 2022 US$ -49.3%
1883 14,550 constant 2022 US$ +18.3%
1884 14,691 constant 2022 US$ +1.0%
1885 12,484 constant 2022 US$ -15.0%
1886 10,655 constant 2022 US$ -14.6%
1887 10,431 constant 2022 US$ -2.1%
1888 5,977 constant 2022 US$ -42.7%
1889 7,457 constant 2022 US$ +24.8%
1890 12,982 constant 2022 US$ +74.1%
1891 6,281 constant 2022 US$ -51.6%
1892 9,449 constant 2022 US$ +50.4%
1893 8,926 constant 2022 US$ -5.5%
1894 5,267 constant 2022 US$ -41.0%
1895 6,055 constant 2022 US$ +15.0%
1896 12,630 constant 2022 US$ +108.6%
1897 13,912 constant 2022 US$ +10.2%
1898 14,583 constant 2022 US$ +4.8%
1899 14,160 constant 2022 US$ -2.9%
1900 14,757 constant 2022 US$ +4.2%
1901 11,415 constant 2022 US$ -22.6%
1902 11,799 constant 2022 US$ +3.4%
1903 12,985 constant 2022 US$ +10.1%
1904 13,618 constant 2022 US$ +4.9%
1905 14,494 constant 2022 US$ +6.4%
1906 14,796 constant 2022 US$ +2.1%
1907 14,053 constant 2022 US$ -5.0%
1908 14,937 constant 2022 US$ +6.3%
1909 16,274 constant 2022 US$ +8.9%
1910 14,552 constant 2022 US$ -10.6%
1911 13,746 constant 2022 US$ -5.5%
1912 7,046 constant 2022 US$ -48.7%
1913 7,028 constant 2022 US$ -0.3%
1914 4,976 constant 2022 US$ -29.2%
1915 7,516 constant 2022 US$ +51.1%
1916 7,429 constant 2022 US$ -1.2%
1917 5,836 constant 2022 US$ -21.4%
1918 2,585 constant 2022 US$ -55.7%
1919 1,479 constant 2022 US$ -42.8%
1920 732.35 constant 2022 US$ -50.5%
1921 2,054 constant 2022 US$ +180.5%
1922 3,773 constant 2022 US$ +83.6%
1923 5,560 constant 2022 US$ +47.4%
1924 5,581 constant 2022 US$ +0.4%
1925 8,519 constant 2022 US$ +52.6%
1926 9,322 constant 2022 US$ +9.4%
1927 9,799 constant 2022 US$ +5.1%
1928 10,274 constant 2022 US$ +4.9%
1929 10,785 constant 2022 US$ +5.0%
1930 10,902 constant 2022 US$ +1.1%
1931 10,686 constant 2022 US$ -2.0%
1932 7,769 constant 2022 US$ -27.3%
1933 8,350 constant 2022 US$ +7.5%
1934 11,175 constant 2022 US$ +33.8%
1935 7,338 constant 2022 US$ -34.3%
1936 7,931 constant 2022 US$ +8.1%
1937 9,772 constant 2022 US$ +23.2%
1938 10,324 constant 2022 US$ +5.6%
1939 9,110 constant 2022 US$ -11.8%
1941 4,476 constant 2022 US$ -50.9%
1942 5,023 constant 2022 US$ +12.2%
1943 5,702 constant 2022 US$ +13.5%
1944 6,561 constant 2022 US$ +15.1%
1945 8,661 constant 2022 US$ +32.0%
1946 7,778 constant 2022 US$ -10.2%
1947 9,127 constant 2022 US$ +17.3%
1948 8,999 constant 2022 US$ -1.4%
1949 12,224 constant 2022 US$ +35.8%
1950 10,308 constant 2022 US$ -15.7%
1951 9,294 constant 2022 US$ -9.8%
1952 9,626 constant 2022 US$ +3.6%
1953 9,362 constant 2022 US$ -2.8%
1954 9,335 constant 2022 US$ -0.3%
1955 19,003 constant 2022 US$ +103.6%
1956 27,660 constant 2022 US$ +45.6%
1957 17,278 constant 2022 US$ -37.5%
1958 12,325 constant 2022 US$ -28.7%
1959 10,506 constant 2022 US$ -14.8%
1960 10,293 constant 2022 US$ -2.0%
1961 11,782 constant 2022 US$ +14.5%
1962 12,736 constant 2022 US$ +8.1%
1963 11,066 constant 2022 US$ -13.1%
1964 11,990 constant 2022 US$ +8.4%
1965 13,520 constant 2022 US$ +12.8%
1966 14,611 constant 2022 US$ +8.1%
1967 16,708 constant 2022 US$ +14.3%
1968 15,357 constant 2022 US$ -8.1%
1969 14,943 constant 2022 US$ -2.7%
1970 15,051 constant 2022 US$ +0.7%
1971 17,808 constant 2022 US$ +18.3%
1972 18,978 constant 2022 US$ +6.6%
1973 19,153 constant 2022 US$ +0.9%
1974 16,445 constant 2022 US$ -14.1%
1975 19,974 constant 2022 US$ +21.5%
1976 22,518 constant 2022 US$ +12.7%
1977 18,527 constant 2022 US$ -17.7%
1978 16,373 constant 2022 US$ -11.6%
1979 14,833 constant 2022 US$ -9.4%
1980 14,451 constant 2022 US$ -2.6%
1981 13,142 constant 2022 US$ -9.1%
1982 22,160 constant 2022 US$ +68.6%
1983 18,446 constant 2022 US$ -16.8%
1984 22,990 constant 2022 US$ +24.6%
1985 19,687 constant 2022 US$ -14.4%
1986 23,680 constant 2022 US$ +20.3%
1987 34,723 constant 2022 US$ +46.6%
1988 15,064 constant 2022 US$ -56.6%
1989 12,472 constant 2022 US$ -17.2%
1990 9,881 constant 2022 US$ -20.8%
1991 8,543 constant 2022 US$ -13.5%
1992 12,950 constant 2022 US$ +51.6%
1993 12,956 constant 2022 US$ +0.0%
1994 12,969 constant 2022 US$ +0.1%
1995 16,214 constant 2022 US$ +25.0%
1996 16,027 constant 2022 US$ -1.2%
1997 16,095 constant 2022 US$ +0.4%
1998 14,703 constant 2022 US$ -8.7%
1999 13,883 constant 2022 US$ -5.6%
2000 12,648 constant 2022 US$ -8.9%
2001 14,196 constant 2022 US$ +12.2%
2002 13,083 constant 2022 US$ -7.8%
2003 13,461 constant 2022 US$ +2.9%
2004 15,091 constant 2022 US$ +12.1%
2005 17,667 constant 2022 US$ +17.1%
2006 19,215 constant 2022 US$ +8.8%
2007 20,813 constant 2022 US$ +8.3%
2008 15,071 constant 2022 US$ -27.6%
2009 16,740 constant 2022 US$ +11.1%
2010 17,396 constant 2022 US$ +3.9%
2011 21,147 constant 2022 US$ +21.6%
2012 24,651 constant 2022 US$ +16.6%
2013 27,712 constant 2022 US$ +12.4%
2014 26,284 constant 2022 US$ -5.2%
2015 25,056 constant 2022 US$ -4.7%
2016 33,003 constant 2022 US$ +31.7%
2017 35,044 constant 2022 US$ +6.2%
2018 35,557 constant 2022 US$ +1.5%
2019 39,804 constant 2022 US$ +11.9%
2020 39,886 constant 2022 US$ +0.2%
2021 41,276 constant 2022 US$ +3.5%
2022 40,077 constant 2022 US$ -2.9%

Peru compared with similar countries

  • Peru's 40,077 constant 2022 US$ is above the median for upper middle income countries, which is 33,699 constant 2022 US$, 1.2× the median. (48 countries reporting)
  • Peru's 40,077 constant 2022 US$ is above the median for Latin America & Caribbean, which is 32,933 constant 2022 US$, 1.2× the median. (27 countries reporting)

Biggest year-on-year movements

Years where Military spending per military personnel 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% 732.35 constant 2022 US$ 2,054 constant 2022 US$
1867 +115.3% 5,803 constant 2022 US$ 12,494 constant 2022 US$
1896 +108.6% 6,055 constant 2022 US$ 12,630 constant 2022 US$
1955 +103.6% 9,335 constant 2022 US$ 19,003 constant 2022 US$
1878 +102.8% 10,335 constant 2022 US$ 20,961 constant 2022 US$

Averages by decade

DecadeAverage LowestHighest Years
1830s 21,974 constant 2022 US$ 21,974 constant 2022 US$ 21,974 constant 2022 US$ 1
1840s 14,619 constant 2022 US$ 11,245 constant 2022 US$ 20,090 constant 2022 US$ 10
1850s 14,334 constant 2022 US$ 11,742 constant 2022 US$ 23,032 constant 2022 US$ 10
1860s 14,116 constant 2022 US$ 5,803 constant 2022 US$ 25,366 constant 2022 US$ 10
1870s 13,263 constant 2022 US$ 10,335 constant 2022 US$ 24,258 constant 2022 US$ 10
1880s 11,068 constant 2022 US$ 5,977 constant 2022 US$ 14,691 constant 2022 US$ 8
1890s 10,424 constant 2022 US$ 5,267 constant 2022 US$ 14,583 constant 2022 US$ 10
1900s 13,913 constant 2022 US$ 11,415 constant 2022 US$ 16,274 constant 2022 US$ 10
1910s 7,219 constant 2022 US$ 1,479 constant 2022 US$ 14,552 constant 2022 US$ 10
1920s 6,640 constant 2022 US$ 732.35 constant 2022 US$ 10,785 constant 2022 US$ 10
1930s 9,336 constant 2022 US$ 7,338 constant 2022 US$ 11,175 constant 2022 US$ 10
1940s 7,617 constant 2022 US$ 4,476 constant 2022 US$ 12,224 constant 2022 US$ 9
1950s 13,470 constant 2022 US$ 9,294 constant 2022 US$ 27,660 constant 2022 US$ 10
1960s 13,301 constant 2022 US$ 10,293 constant 2022 US$ 16,708 constant 2022 US$ 10
1970s 17,966 constant 2022 US$ 14,833 constant 2022 US$ 22,518 constant 2022 US$ 10
1980s 19,682 constant 2022 US$ 12,472 constant 2022 US$ 34,723 constant 2022 US$ 10
1990s 13,422 constant 2022 US$ 8,543 constant 2022 US$ 16,214 constant 2022 US$ 10
2000s 15,799 constant 2022 US$ 12,648 constant 2022 US$ 20,813 constant 2022 US$ 10
2010s 28,565 constant 2022 US$ 17,396 constant 2022 US$ 39,804 constant 2022 US$ 10
2020s 40,413 constant 2022 US$ 39,886 constant 2022 US$ 41,276 constant 2022 US$ 3

Countries ranked near Peru

  1. 77 Philippines 42,518 constant 2022 US$ compare
  2. 78 Kazakhstan 41,246 constant 2022 US$ compare
  3. 79 Malaysia 40,503 constant 2022 US$ compare
  4. 81 Tunisia 40,065 constant 2022 US$ compare
  5. 82 Mali 38,714 constant 2022 US$ compare
  6. 83 Tanzania 37,261 constant 2022 US$ compare

See the full ranking of 170 places →

More reference data data for Peru

All data for Peru →

Frequently asked questions

What is military spending per military personnel in Peru?
Military spending per military personnel in Peru was 40,077 constant 2022 US$ in 2022, according to Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data.
What is the highest military spending per military personnel recorded in Peru?
The highest recorded value was 41,276 constant 2022 US$ in 2021.
What is the lowest military spending per military personnel recorded in Peru?
The lowest recorded value was 732.35 constant 2022 US$ in 1920.
How does Peru rank for military spending per military personnel?
Peru ranks 80th out of 170 countries with data for 2022.
Is military spending per military personnel rising or falling in Peru?
Over the last ten years it is up 62.6%. The long-run trend across the full record is volatile.
Where does this Peru data come from?
The figures come from Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data, published as part of Military spending per military personnel. Statizoid updates them automatically from the source API.

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Military spending per military personnel in Peru. Statizoid, drawing on Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data. Retrieved 28 September 2026, from https://reference.statizoid.com/stat/military-spending-per-military-personnel/peru/

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About this data

Indicator
Military spending per military personnel
Unit
constant 2022 US$
Source
Barnum et al. – Global Military Spending Dataset (2025); Correlates of War – National Material Capabilities Version 7.0 (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
170 places, 14,182 data points, 1816–2022
Last refreshed

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.