Data / Military expenditure / Venezuela

Military expenditure in Venezuela

Military expenditure in Venezuela was 2.2% of GDP in 2017, according to the World Bank. That is up 1.8 pts from 2016.

2017, % of GDP2.2
Change on 2016+1.8 pts
Series high3.11960
Series low0.52016

Military expenditure in Venezuela, 1960 to 2017

CSVChart (SVG)

0123419601969197819871996200520171960: 3.1 % of GDP1961: 1.4 % of GDP1962: 2.3 % of GDP1963: 2.6 % of GDP1964: 2.4 % of GDP1965: 2.6 % of GDP1966: 2.7 % of GDP1967: 2.9 % of GDP1968: 2.7 % of GDP1969: 2.5 % of GDP1970: 2.3 % of GDP1971: 2.7 % of GDP1972: 2.8 % of GDP1973: 2.5 % of GDP1974: 2.3 % of GDP1975: 2.6 % of GDP1976: 1.9 % of GDP1977: 2.1 % of GDP1978: 2.1 % of GDP1979: 1.9 % of GDP1980: 1.7 % of GDP1981: 1.5 % of GDP1982: 2.2 % of GDP1983: 3 % of GDP1984: 2.3 % of GDP1985: 1.4 % of GDP1986: 1.6 % of GDP1987: 1.6 % of GDP1988: 1.8 % of GDP1989: 2.8 % of GDP1990: 1.5 % of GDP1991: 1.8 % of GDP1992: 1.6 % of GDP1993: 2.1 % of GDP1994: 1.6 % of GDP1995: 1.5 % of GDP1996: 1 % of GDP1997: 1.8 % of GDP1998: 1.6 % of GDP1999: 1.4 % of GDP2000: 1.5 % of GDP2001: 1.6 % of GDP2002: 1.2 % of GDP2003: 1.2 % of GDP2004: 1.3 % of GDP2005: 1.8 % of GDP2006: 2 % of GDP2007: 1.9 % of GDP2008: 1.8 % of GDP2009: 1.2 % of GDP2010: 1 % of GDP2011: 1.1 % of GDP2012: 1.3 % of GDP2013: 1.7 % of GDP2014: 1.2 % of GDP2015: 0.9 % of GDP2016: 0.5 % of GDP2017: 2.2 % of GDP
% of GDP. Source: World Bank. Retrieved 2026-10-09, published 2026-10-08.
All 58 values
Period% of GDP
20172.2
20160.5
20150.9
20141.2
20131.7
20121.3
20111.1
20101
20091.2
20081.8
20071.9
20062
20051.8
20041.3
20031.2
20021.2
20011.6
20001.5
19991.4
19981.6
19971.8
19961
19951.5
19941.6
19932.1
19921.6
19911.8
19901.5
19892.8
19881.8
19871.6
19861.6
19851.4
19842.3
19833
19822.2
19811.5
19801.7
19791.9
19782.1
19772.1
19761.9
19752.6
19742.3
19732.5
19722.8
19712.7
19702.3
19692.5
19682.7
19672.9
19662.7
19652.6
19642.4
19632.6
19622.3
19611.4
19603.1

Rankings

Definition

Military expenditure as a percentage of GDP: current and capital spending on the armed forces, including peacekeeping forces, defence ministries, paramilitary forces trained for military operations and military space activities. World Bank series from the Stockholm International Peace Research Institute (SIPRI).

SIPRI definition, so values can differ from the NATO defence expenditure figures used for the 2% target.

How to cite

World Bank, World Development Indicators. Military expenditure, % of GDP (MS.MIL.XPND.GD.ZS). https://data.worldbank.org/indicator/MS.MIL.XPND.GD.ZS. Retrieved 2026-10-09.

Use this data in your AI agent

Invokely serves this figure to AI assistants through MCP and to code through a REST API, with the source and citation attached. Ask your assistant:

What is the latest military spending as a share of GDP in Venezuela? Cite the source.
get_value {"indicator":"military_expenditure_gdp","place":"ve"}
GET https://invokely.ai/api/v1/value?indicator=military_expenditure_gdp&place=ve

Connect Claude, ChatGPT or Cursor in one step. The trial answers 25 calls a day without an account.

Questions

What is the military spending as a share of GDP in Venezuela?

Military expenditure in Venezuela was 2.2% of GDP in 2017, according to the World Bank. That is up 1.8 pts from 2016.

Where does this figure come from?

World Bank. Military expenditure, % of GDP (MS.MIL.XPND.GD.ZS). Retrieved by Invokely on 2026-10-09.

What was the highest military spending as a share of GDP in Venezuela?

3.1% of GDP in 1960, the highest value since 1960 in this series.

More statistics for Venezuela

All statistics for Venezuela