What is military spending, per unit of gdp in Venezuela?

Military spending, per unit of gdp in Venezuela was 0 constant 2022 US$ per US$ of GDP in 2023, according to Statizoid (derived).

What is the highest military spending, per unit of gdp recorded in Venezuela?

The highest recorded value was 0.1125 constant 2022 US$ per US$ of GDP in 1967.

What is the lowest military spending, per unit of gdp recorded in Venezuela?

The lowest recorded value was 0 constant 2022 US$ per US$ of GDP in 2023.

How does Venezuela rank for military spending, per unit of gdp?

Venezuela ranks 170th out of 170 countries with data for 2023.

Is military spending, per unit of gdp rising or falling in Venezuela?

Over the last ten years it is down 99.6%. 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 unit of GDP. Statizoid updates them automatically from the source API.

Military spending, per unit of GDP in Venezuela

Name: Military spending, per unit of GDP in Venezuela
Creator: Statizoid (derived)
License: Derived by Statizoid from the sources named on the page

Venezuela: Military spending, per unit of GDP was 0 constant 2022 US$ per US$ of GDP in 2023. ◆ Volatile

Latest (2023)

0 constant 2022 US$ per US$ of GDP

Change on year

down 9.9%

World rank

170th

of 170 countries

All-time high

0.1125 constant 2022 US$ per US$ of GDP

in 1967

All-time low

0 constant 2022 US$ per US$ of GDP

in 2023

Years of data

1960–2023

Military spending, per unit of GDP in Venezuela, 1960–2023

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

Analysis

Venezuela recorded 0 constant 2022 US$ per US$ of GDP for military spending, per unit of gdp in 2023. That is the lowest value across all 64 years on record.

That represents a change of down 9.9% on the previous year and down 99.6% over ten years.

Over the whole period, military spending, per unit of gdp in Venezuela peaked at 0.1125 constant 2022 US$ per US$ of GDP in 1967 and was at its lowest, 0 constant 2022 US$ per US$ of GDP, in 2023.

That places Venezuela 170th out of 170 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 unit of GDP in Venezuela, year by year

Annual values for Military spending, per unit of GDP in Venezuela, 1960 to 2023.
Year	constant 2022 US$ per US$ of GDP	Change
1960	0.087 constant 2022 US$ per US$ of GDP	—
1961	0.0827 constant 2022 US$ per US$ of GDP	-4.9%
1962	0.0825 constant 2022 US$ per US$ of GDP	-0.3%
1963	0.0893 constant 2022 US$ per US$ of GDP	+8.3%
1964	0.1088 constant 2022 US$ per US$ of GDP	+21.7%
1965	0.1068 constant 2022 US$ per US$ of GDP	-1.8%
1966	0.1095 constant 2022 US$ per US$ of GDP	+2.5%
1967	0.1125 constant 2022 US$ per US$ of GDP	+2.8%
1968	0.1047 constant 2022 US$ per US$ of GDP	-7.0%
1969	0.1042 constant 2022 US$ per US$ of GDP	-0.4%
1970	0.0995 constant 2022 US$ per US$ of GDP	-4.6%
1971	0.1001 constant 2022 US$ per US$ of GDP	+0.6%
1972	0.0969 constant 2022 US$ per US$ of GDP	-3.2%
1973	0.0814 constant 2022 US$ per US$ of GDP	-16.1%
1974	0.0609 constant 2022 US$ per US$ of GDP	-25.2%
1975	0.0633 constant 2022 US$ per US$ of GDP	+4.1%
1976	0.0523 constant 2022 US$ per US$ of GDP	-17.5%
1977	0.0468 constant 2022 US$ per US$ of GDP	-10.5%
1978	0.0424 constant 2022 US$ per US$ of GDP	-9.3%
1979	0.0373 constant 2022 US$ per US$ of GDP	-12.1%
1980	0.0303 constant 2022 US$ per US$ of GDP	-18.8%
1981	0.0259 constant 2022 US$ per US$ of GDP	-14.7%
1982	0.0249 constant 2022 US$ per US$ of GDP	-3.6%
1983	0.0257 constant 2022 US$ per US$ of GDP	+3.3%
1984	0.026 constant 2022 US$ per US$ of GDP	+1.2%
1985	0.0194 constant 2022 US$ per US$ of GDP	-25.5%
1986	0.0197 constant 2022 US$ per US$ of GDP	+1.3%
1987	0.0267 constant 2022 US$ per US$ of GDP	+35.9%
1988	0.0188 constant 2022 US$ per US$ of GDP	-29.7%
1989	0.0238 constant 2022 US$ per US$ of GDP	+26.5%
1990	0.0212 constant 2022 US$ per US$ of GDP	-10.9%
1991	0.0302 constant 2022 US$ per US$ of GDP	+42.6%
1992	0.0222 constant 2022 US$ per US$ of GDP	-26.4%
1993	0.0191 constant 2022 US$ per US$ of GDP	-14.1%
1994	0.0135 constant 2022 US$ per US$ of GDP	-29.0%
1995	0.0097 constant 2022 US$ per US$ of GDP	-28.4%
1996	0.0098 constant 2022 US$ per US$ of GDP	+0.9%
1997	0.0098 constant 2022 US$ per US$ of GDP	+0.6%
1998	0.0096 constant 2022 US$ per US$ of GDP	-2.8%
1999	0.0096 constant 2022 US$ per US$ of GDP	+0.5%
2000	0.0085 constant 2022 US$ per US$ of GDP	-11.3%
2001	0.0106 constant 2022 US$ per US$ of GDP	+24.4%
2002	0.014 constant 2022 US$ per US$ of GDP	+32.4%
2003	0.0149 constant 2022 US$ per US$ of GDP	+6.4%
2004	0.0128 constant 2022 US$ per US$ of GDP	-14.6%
2005	0.0131 constant 2022 US$ per US$ of GDP	+2.4%
2006	0.0117 constant 2022 US$ per US$ of GDP	-10.3%
2007	0.0105 constant 2022 US$ per US$ of GDP	-10.1%
2008	0.0081 constant 2022 US$ per US$ of GDP	-23.3%
2009	0.0069 constant 2022 US$ per US$ of GDP	-14.8%
2010	0.0053 constant 2022 US$ per US$ of GDP	-22.8%
2011	0.0069 constant 2022 US$ per US$ of GDP	+29.6%
2012	0.0095 constant 2022 US$ per US$ of GDP	+37.2%
2013	0.0126 constant 2022 US$ per US$ of GDP	+32.9%
2014	0.013 constant 2022 US$ per US$ of GDP	+3.1%
2015	0.0069 constant 2022 US$ per US$ of GDP	-46.9%
2016	0.0067 constant 2022 US$ per US$ of GDP	-3.2%
2017	0.0065 constant 2022 US$ per US$ of GDP	-3.2%
2018	0.0034 constant 2022 US$ per US$ of GDP	-47.5%
2019	0.0001 constant 2022 US$ per US$ of GDP	-97.6%
2020	0.0001 constant 2022 US$ per US$ of GDP	+40.1%
2021	0.0001 constant 2022 US$ per US$ of GDP	-35.9%
2022	0.0001 constant 2022 US$ per US$ of GDP	-28.5%
2023	0 constant 2022 US$ per US$ of GDP	-9.9%

Venezuela compared with similar countries

Venezuela's 0 constant 2022 US$ per US$ of GDP is below the median for lower middle income countries, which is 0.0153 constant 2022 US$ per US$ of GDP, 0% of the median. (42 countries reporting)
Venezuela's 0 constant 2022 US$ per US$ of GDP is below the median for Latin America & Caribbean, which is 0.0114 constant 2022 US$ per US$ of GDP, 0% of the median. (27 countries reporting)

Biggest year-on-year movements

Years where Military spending, per unit of GDP 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
2019	-97.6%	0.0034 constant 2022 US$ per US$ of GDP	0.0001 constant 2022 US$ per US$ of GDP

Averages by decade

Decade	Average	Lowest	Highest	Years
1960s	0.0988 constant 2022 US$ per US$ of GDP	0.0825 constant 2022 US$ per US$ of GDP	0.1125 constant 2022 US$ per US$ of GDP	10
1970s	0.0681 constant 2022 US$ per US$ of GDP	0.0373 constant 2022 US$ per US$ of GDP	0.1001 constant 2022 US$ per US$ of GDP	10
1980s	0.0241 constant 2022 US$ per US$ of GDP	0.0188 constant 2022 US$ per US$ of GDP	0.0303 constant 2022 US$ per US$ of GDP	10
1990s	0.0155 constant 2022 US$ per US$ of GDP	0.0096 constant 2022 US$ per US$ of GDP	0.0302 constant 2022 US$ per US$ of GDP	10
2000s	0.0111 constant 2022 US$ per US$ of GDP	0.0069 constant 2022 US$ per US$ of GDP	0.0149 constant 2022 US$ per US$ of GDP	10
2010s	0.0071 constant 2022 US$ per US$ of GDP	0.0001 constant 2022 US$ per US$ of GDP	0.013 constant 2022 US$ per US$ of GDP	10
2020s	0.0001 constant 2022 US$ per US$ of GDP	0 constant 2022 US$ per US$ of GDP	0.0001 constant 2022 US$ per US$ of GDP	4

Countries ranked near Venezuela

167 Laos 0.0017 constant 2022 US$ per US$ of GDP compare
168 Cuba 0.0016 constant 2022 US$ per US$ of GDP compare
169 Haiti 0.0008 constant 2022 US$ per US$ of GDP compare

See the full ranking of 170 places →

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)

All data for Venezuela →

Frequently asked questions

What is military spending, per unit of gdp in Venezuela?: Military spending, per unit of gdp in Venezuela was 0 constant 2022 US$ per US$ of GDP in 2023, according to Statizoid (derived).
What is the highest military spending, per unit of gdp recorded in Venezuela?: The highest recorded value was 0.1125 constant 2022 US$ per US$ of GDP in 1967.
What is the lowest military spending, per unit of gdp recorded in Venezuela?: The lowest recorded value was 0 constant 2022 US$ per US$ of GDP in 2023.
How does Venezuela rank for military spending, per unit of gdp?: Venezuela ranks 170th out of 170 countries with data for 2023.
Is military spending, per unit of gdp rising or falling in Venezuela?: Over the last ten years it is down 99.6%. 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 unit of GDP. Statizoid updates them automatically from the source API.

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

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How this figure is calculated

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Military spending ÷ GDP (current US$)

Computed from

Military spending Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data
GDP Country official statistics, National Statistical Organizations and/or Central Banks

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 unit of GDP
Unit: constant 2022 US$ per US$ of GDP
Source: Statizoid (derived)
Licence: Derived by Statizoid from the sources named on the page
Coverage: 170 places, 9,064 data points, 1960–2023
Last refreshed: 16 September 2026

Military spending divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.