Military expenditures as a share of government expenditure reached 1.54% in 2017 in Venezuela, according to the SIPRI Military Expenditure Database. This is 41.2% more than in the previous year.
Historically, military expenditures as a share of government expenditure in Venezuela reached an all time high of 8.45% in 1989 and an all time low of 1.09% in 2016.
Venezuela has been ranked 143rd within the group of 151 countries we follow in terms of military expenditures as a share of government expenditure.
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