Military spending in Peru
Peru: Military spending was 2.43 billion constant 2024 US$ in 2025. ◆ Volatile
Latest (2025)
2.43 billion constant 2024 US$
Change on year
down 4.6%
World rank
65th
of 162 countries
All-time high
11.41 billion constant 2024 US$
in 1977
All-time low
896.99 million constant 2024 US$
in 1949
Years of data
77
1949–2025
Military spending in Peru, 1949–2025
Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data. Measured in constant 2024 US$.
Analysis
The most recent figure for military spending in Peru is 2.43 billion constant 2024 US$, measured in 2025.
That represents a change of down 4.6% on the previous year and down 37.7% over ten years.
Over the whole period, military spending in Peru peaked at 11.41 billion constant 2024 US$ in 1977 and was at its lowest, 896.99 million constant 2024 US$, in 1949.
Peru ranks 65th of 162 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending in Peru, year by year
| Year | constant 2024 US$ | Change |
|---|---|---|
| 1949 | 896.99 million constant 2024 US$ | — |
| 1950 | 974.09 million constant 2024 US$ | +8.6% |
| 1951 | 1.12 billion constant 2024 US$ | +15.3% |
| 1952 | 1.07 billion constant 2024 US$ | -4.7% |
| 1953 | 1.11 billion constant 2024 US$ | +3.3% |
| 1954 | 1.13 billion constant 2024 US$ | +2.2% |
| 1955 | 1.26 billion constant 2024 US$ | +11.7% |
| 1956 | 1.43 billion constant 2024 US$ | +13.2% |
| 1957 | 1.39 billion constant 2024 US$ | -2.8% |
| 1958 | 1.40 billion constant 2024 US$ | +0.7% |
| 1959 | 1.37 billion constant 2024 US$ | -2.2% |
| 1960 | 1.43 billion constant 2024 US$ | +4.5% |
| 1961 | 1.70 billion constant 2024 US$ | +19.1% |
| 1962 | 1.68 billion constant 2024 US$ | -1.2% |
| 1963 | 2.32 billion constant 2024 US$ | +38.2% |
| 1964 | 2.62 billion constant 2024 US$ | +12.7% |
| 1965 | 2.48 billion constant 2024 US$ | -5.3% |
| 1966 | 2.49 billion constant 2024 US$ | +0.4% |
| 1967 | 4.30 billion constant 2024 US$ | +72.8% |
| 1968 | 2.14 billion constant 2024 US$ | -50.2% |
| 1969 | 2.30 billion constant 2024 US$ | +7.2% |
| 1970 | 3.70 billion constant 2024 US$ | +61.0% |
| 1971 | 3.93 billion constant 2024 US$ | +6.2% |
| 1972 | 4.10 billion constant 2024 US$ | +4.3% |
| 1973 | 4.93 billion constant 2024 US$ | +20.4% |
| 1974 | 5.26 billion constant 2024 US$ | +6.8% |
| 1975 | 6.95 billion constant 2024 US$ | +31.9% |
| 1976 | 7.87 billion constant 2024 US$ | +13.3% |
| 1977 | 11.41 billion constant 2024 US$ | +45.0% |
| 1978 | 8.65 billion constant 2024 US$ | -24.2% |
| 1979 | 5.84 billion constant 2024 US$ | -32.5% |
| 1980 | 8.59 billion constant 2024 US$ | +47.2% |
| 1981 | 7.51 billion constant 2024 US$ | -12.6% |
| 1982 | 9.62 billion constant 2024 US$ | +28.1% |
| 1983 | 7.77 billion constant 2024 US$ | -19.2% |
| 1984 | 5.66 billion constant 2024 US$ | -27.2% |
| 1985 | 6.81 billion constant 2024 US$ | +20.3% |
| 1986 | 6.32 billion constant 2024 US$ | -7.1% |
| 1987 | 6.89 billion constant 2024 US$ | +9.0% |
| 1988 | 3.48 billion constant 2024 US$ | -49.5% |
| 1989 | 2.41 billion constant 2024 US$ | -30.7% |
| 1990 | 2.02 billion constant 2024 US$ | -16.3% |
| 1991 | 1.46 billion constant 2024 US$ | -27.5% |
| 1992 | 1.76 billion constant 2024 US$ | +20.5% |
| 1993 | 2.00 billion constant 2024 US$ | +13.6% |
| 1994 | 2.07 billion constant 2024 US$ | +3.6% |
| 1995 | 2.44 billion constant 2024 US$ | +17.5% |
| 1996 | 2.35 billion constant 2024 US$ | -3.6% |
| 1997 | 1.98 billion constant 2024 US$ | -15.6% |
| 1998 | 1.97 billion constant 2024 US$ | -0.7% |
| 1999 | 1.91 billion constant 2024 US$ | -3.0% |
| 2000 | 1.75 billion constant 2024 US$ | -8.6% |
| 2001 | 1.71 billion constant 2024 US$ | -2.3% |
| 2002 | 1.59 billion constant 2024 US$ | -7.1% |
| 2003 | 1.63 billion constant 2024 US$ | +2.7% |
| 2004 | 1.59 billion constant 2024 US$ | -2.1% |
| 2005 | 1.98 billion constant 2024 US$ | +24.0% |
| 2006 | 2.07 billion constant 2024 US$ | +4.5% |
| 2007 | 2.00 billion constant 2024 US$ | -3.1% |
| 2008 | 2.00 billion constant 2024 US$ | -0.3% |
| 2009 | 2.46 billion constant 2024 US$ | +23.0% |
| 2010 | 2.67 billion constant 2024 US$ | +8.9% |
| 2011 | 2.73 billion constant 2024 US$ | +1.9% |
| 2012 | 3.06 billion constant 2024 US$ | +12.2% |
| 2013 | 3.53 billion constant 2024 US$ | +15.3% |
| 2014 | 3.49 billion constant 2024 US$ | -1.1% |
| 2015 | 3.89 billion constant 2024 US$ | +11.7% |
| 2016 | 3.05 billion constant 2024 US$ | -21.6% |
| 2017 | 3.01 billion constant 2024 US$ | -1.3% |
| 2018 | 2.97 billion constant 2024 US$ | -1.5% |
| 2019 | 3.06 billion constant 2024 US$ | +3.2% |
| 2020 | 3.03 billion constant 2024 US$ | -1.1% |
| 2021 | 3.21 billion constant 2024 US$ | +5.8% |
| 2022 | 3.11 billion constant 2024 US$ | -3.2% |
| 2023 | 3.37 billion constant 2024 US$ | +8.4% |
| 2024 | 2.54 billion constant 2024 US$ | -24.4% |
| 2025 | 2.43 billion constant 2024 US$ | -4.6% |
Peru compared with similar countries
- Peru's 2.43 billion constant 2024 US$ is above the median for upper middle income countries, which is 1.62 billion constant 2024 US$, 1.5× the median. (46 countries reporting)
- Peru's 2.43 billion constant 2024 US$ is above the median for Latin America & Caribbean, which is 575.75 million constant 2024 US$, 4.2× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1940s | 896.99 million constant 2024 US$ | 896.99 million constant 2024 US$ | 896.99 million constant 2024 US$ | 1 |
| 1950s | 1.22 billion constant 2024 US$ | 974.09 million constant 2024 US$ | 1.43 billion constant 2024 US$ | 10 |
| 1960s | 2.34 billion constant 2024 US$ | 1.43 billion constant 2024 US$ | 4.30 billion constant 2024 US$ | 10 |
| 1970s | 6.26 billion constant 2024 US$ | 3.70 billion constant 2024 US$ | 11.41 billion constant 2024 US$ | 10 |
| 1980s | 6.51 billion constant 2024 US$ | 2.41 billion constant 2024 US$ | 9.62 billion constant 2024 US$ | 10 |
| 1990s | 2.00 billion constant 2024 US$ | 1.46 billion constant 2024 US$ | 2.44 billion constant 2024 US$ | 10 |
| 2000s | 1.88 billion constant 2024 US$ | 1.59 billion constant 2024 US$ | 2.46 billion constant 2024 US$ | 10 |
| 2010s | 3.15 billion constant 2024 US$ | 2.67 billion constant 2024 US$ | 3.89 billion constant 2024 US$ | 10 |
| 2020s | 2.95 billion constant 2024 US$ | 2.43 billion constant 2024 US$ | 3.37 billion constant 2024 US$ | 6 |
Countries ranked near Peru
More reference data data for Peru
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 1.15 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 4.39 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 7.94 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.3808 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 7.94 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 3.84 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.94 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 18.98 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 35.25 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 2.07 (2050)
Frequently asked questions
- What is military spending in Peru?
- Military spending in Peru was 2.43 billion constant 2024 US$ in 2025, according to Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Peru?
- The highest recorded value was 11.41 billion constant 2024 US$ in 1977.
- What is the lowest military spending recorded in Peru?
- The lowest recorded value was 896.99 million constant 2024 US$ in 1949.
- How does Peru rank for military spending?
- Peru ranks 65th out of 162 countries with data for 2025.
- Is military spending rising or falling in Peru?
- Over the last ten years it is down 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) – 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 — 77 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.