Peru Military Spending
Defense budget and military expenditure data (1949–2026)
Key Facts (2026 estimate)
Military Expenditure
$2.7 billion
Ranked #60 of 148 countries worldwide
Percent of GDP
1.1%
Ranked #123 of 157 countries by % of GDP
Year-over-Year Change
+2.9%
From $2.6B in 2025
Historical Peak Spending
$11.2 billion
Reached in 1977
Peru Defense Budget Summary
In 2026, Peru is estimated to have spent $2.7 billion on military and defense, representing 1.1% of the country's Gross Domestic Product (GDP). This budget covers the armed forces including army, navy, and air force expenditures. Peru is the #60 highest military spender in the world by absolute spending.
Compared to the previous year (2025), defense spending increased by 2.9%, from $2.6 billion to $2.7 billion. This change in the military budget reflects growing defense priorities.
The highest percentage of GDP allocated to defense spending was 8.2% in 1977. The historical average military budget is 2.6% 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) | 1.10% | $2,661M |
| 2025(estimate) | 1.10% | $2,585M |
| 2024 | 0.91% | $2,510M |
| 2023 | 1.24% | $3,309M |
| 2022 | 1.14% | $3,053M |
| 2021 | 1.16% | $3,152M |
| 2020 | 1.32% | $2,979M |
| 2019 | 1.21% | $3,012M |
| 2018 | 1.19% | $2,917M |
| 2017 | 1.27% | $2,961M |
| 2016 | 1.32% | $3,000M |
| 2015 | 1.75% | $3,827M |
| 2014 | 1.60% | $3,427M |
| 2013 | 1.64% | $3,465M |
| 2012 | 1.48% | $3,006M |
| 2011 | 1.37% | $2,680M |
| 2010 | 1.48% | $2,629M |
| 2009 | 1.53% | $2,414M |
| 2008 | 1.25% | $1,963M |
| 2007 | 1.30% | $1,968M |