Military Expenditures (As % of Government Expenditure) rose to 1.54% in Venezuela in 2017

Military Expenditures (As % of Government Expenditure) (%)
Military & Defense | Venezuela | February 1, 2019
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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. When compared to Venezuela's main peers, military expenditures as a share of government expenditure in Brazil amounted to 3.66 %, 11.0 % in Colombia, 4.56 % in Guyana and 2.61 % in Trinidad and Tobago in 2017.

Venezuela has been ranked 136th within the group of 145 countries we follow in terms of military expenditures as a share of government expenditure, 55 places behind the position seen 10 years ago.

Military expenditure is derived from the NATO definition, which includes all current and capital expenditure on the armed forces, including peacekeeping forces, defence ministries and other government agencies engaged in defence projects, paramilitary forces, if these are judged to be trained and equipped for military operations, and military space activities.

Military Expenditures (As % of Government Expenditure) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Bolivia % 4.76% 5.12% 4.79% 4.39% 3.91%
Brazil % 3.76% 3.70% 3.55% 3.52% 3.57%
Colombia % 10.7% 11.2% 11.3% 10.6% 10.5%
Guyana % 4.14% 3.78% 3.94% 4.09% 4.96%
Peru % 6.98% 7.29% 7.59% 7.03% 7.74%
Puerto Rico % ... ... ... ... ... ... ... ... ...
Suriname % ... ... ... ... ... ... ... ... ...
Trinidad and Tobago % 1.89% 2.65% 1.98% 2.18% 3.56%
Venezuela % 2.96% 3.38% 4.18% 2.49% 1.95%