Military expenditure as a share of GDP reached 1.76 % in 2017 in Bolivia, according to the SIPRI Military Expenditure Database. This is 7.55 % more than in the previous year.
Historically, military expenditure as a share of GDP in Bolivia reached an all time high of 3.90 % in 1981 and an all time low of 1.16 % in 1962. When compared to Bolivia's main peers, military expenditure as a share of GDP in Brazil amounted to 1.41 %, 1.91 % in Chile, 1.18 % in Paraguay and 0.977 % in Peru in 2017.
Bolivia has been ranked 61st within the group of 146 countries we follow in terms of military expenditure as a share of GDP, 9 places above 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.