Bolivia Military Spending
Defense budget and military expenditure data (1953–2026)
Key Facts (2026 estimate)
Military Expenditure
$667 million
Ranked #93 of 148 countries worldwide
Percent of GDP
1.2%
Ranked #115 of 157 countries by % of GDP
Year-over-Year Change
+2.9%
From $648M in 2025
Historical Peak Spending
$875 million
Reached in 2010
Bolivia Defense Budget Summary
In 2026, Bolivia is estimated to have spent $667 million on military and defense, representing 1.2% of the country's Gross Domestic Product (GDP). This budget covers the armed forces including army, navy, and air force expenditures. Bolivia is the #93 highest military spender in the world by absolute spending.
Compared to the previous year (2025), defense spending increased by 2.9%, from $648 million to $667 million. This change in the military budget reflects growing defense priorities.
The highest percentage of GDP allocated to defense spending was 3.9% in 1981. The historical average military budget is 1.8% of GDP.
Data source: SIPRI Military Expenditure Database. Values are in constant 2023 US dollars. Data for 2026 is an estimate based on government budget announcements.
Historical Military Spending
Military Spending (% of GDP)
Military Spending (USD Billions, 2023 prices)
Historical Data
| Year | Percent of GDP | USD (millions) |
|---|---|---|
| 2026(estimate) | 1.21% | $667M |
| 2025(estimate) | 1.21% | $648M |
| 2024 | 1.37% | $629M |
| 2023 | 1.30% | $589M |
| 2022 | 0.97% | $439M |
| 2021 | 1.33% | $559M |
| 2020 | 1.39% | $536M |
| 2019 | 1.45% | $630M |
| 2018 | 1.50% | $652M |
| 2017 | 1.54% | $637M |
| 2016 | 1.53% | $591M |
| 2015 | 1.76% | $684M |
| 2014 | 1.90% | $767M |
| 2013 | 1.84% | $732M |
| 2012 | 1.85% | $685M |
| 2011 | 1.68% | $580M |
| 2010 | 2.79% | $875M |
| 2009 | 1.76% | $501M |
| 2008 | 2.19% | $639M |
| 2007 | 1.49% | $422M |