Peru Military Spending
Peru spends an estimated 1.0% of GDP on its military in 2026; its most recent reported expenditure in US dollars is $2.4 billion (2025).
Defense budget and military expenditure data (1949–2027)
Data updated: July 7, 2026
Key Facts (2026 estimate)
Military Expenditure
$2.5 billion
Ranked #63 of 153 countries worldwide
Percent of GDP
1.0%
Ranked #132 of 163 countries by % of GDP
Year-over-Year Change
+3.0%
From $2.4B in 2025
Historical Peak Spending
$11.4 billion
Reached in 1977
How the 2026 figures are produced. Neither figure is a researched budget estimate. The share-of-GDP figure is the arithmetic mean of Peru’s last 3 reported years (2023–2025), carried across both estimate years unchanged. The dollar figure is not a per-country forecast — it is the actual SIPRI figure for 2025 raised by a flat 3%, the same rate applied to every country in this group, so it can rise even where the share-of-GDP path falls. Actual SIPRI figures for Peru run to 2025.
Peru Defense Budget Summary
In 2026, Peru is estimated to have spent $2.5 billion on military and defense, representing 1.0% of the country's Gross Domestic Product (GDP). This budget covers the armed forces including army, navy, and air force expenditures. Peru is the #63 highest military spender in the world by absolute spending.
Compared to the previous year (2025), defense spending increased by 3.0%, from $2.4 billion to $2.5 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 2024 US dollars. Data for 2026 is an estimate based on government budget announcements.
Historical Military Spending
Military Spending (% of GDP)
Military Spending (USD Billions, 2024 prices)
Historical Data
| Year | Percent of GDP | USD (millions) |
|---|---|---|
| 2027(estimate) | 0.98% | $2,573M |
| 2026(estimate) | 0.98% | $2,500M |
| 2025 | 0.81% | $2,427M |
| 2024 | 0.88% | $2,543M |
| 2023 | 1.24% | $3,366M |
| 2022 | 1.14% | $3,105M |
| 2021 | 1.16% | $3,207M |
| 2020 | 1.32% | $3,030M |
| 2019 | 1.21% | $3,064M |
| 2018 | 1.19% | $2,968M |
| 2017 | 1.27% | $3,013M |
| 2016 | 1.32% | $3,052M |
| 2015 | 1.75% | $3,894M |
| 2014 | 1.60% | $3,487M |
| 2013 | 1.64% | $3,525M |
| 2012 | 1.48% | $3,058M |
| 2011 | 1.37% | $2,726M |
| 2010 | 1.48% | $2,674M |
| 2009 | 1.53% | $2,455M |
| 2008 | 1.25% | $1,997M |
| 2007 | 1.30% | $2,002M |
| 2006 | 1.46% | $2,066M |
| 2005 | 1.58% | $1,977M |
| 2004 | 1.38% | $1,595M |
| 2003 | 1.51% | $1,628M |
| 2002 | 1.54% | $1,586M |
| 2001 | 1.75% | $1,707M |
| 2000 | 1.79% | $1,747M |
| 1999 | 1.93% | $1,912M |
| 1998 | 2.02% | $1,971M |
| 1997 | 2.00% | $1,984M |
| 1996 | 2.50% | $2,350M |
| 1995 | 2.64% | $2,437M |
| 1994 | 2.47% | $2,074M |
| 1993 | 2.75% | $2,001M |
| 1992 | 2.51% | $1,762M |
| 1991 | 2.02% | $1,462M |
| 1990 | 2.68% | $2,018M |
| 1989 | 2.19% | $2,410M |
| 1988 | 2.19% | $3,479M |
| 1987 | 3.41% | $6,890M |
| 1986 | 3.35% | $6,323M |
| 1985 | 3.87% | $6,806M |
| 1984 | 3.36% | $5,657M |
| 1983 | 4.85% | $7,773M |
| 1982 | 5.11% | $9,620M |
| 1981 | 3.98% | $7,508M |
| 1980 | 4.56% | $8,592M |
| 1979 | 3.35% | $5,839M |
| 1978 | 6.20% | $8,652M |
| 1977 | 8.21% | $11,411M |
| 1976 | 5.68% | $7,868M |
| 1975 | 5.22% | $6,945M |
| 1974 | 3.93% | $5,265M |
| 1973 | 3.93% | $4,930M |
| 1972 | 3.63% | $4,097M |
| 1971 | 3.62% | $3,928M |
| 1970 | 3.51% | $3,700M |
| 1969 | 2.39% | $2,297M |
| 1968 | 2.36% | $2,142M |
| 1967 | 4.70% | $4,299M |
| 1966 | 2.84% | $2,487M |
| 1965 | 3.10% | $2,478M |
| 1964 | 3.34% | $2,616M |
| 1963 | 3.32% | $2,321M |
| 1962 | 2.43% | $1,679M |
| 1961 | 2.64% | $1,700M |
| 1960 | 2.51% | $1,428M |
| 1959 | 2.80% | $1,366M |
| 1958 | 2.90% | $1,397M |
| 1957 | 2.92% | $1,388M |
| 1956 | 2.98% | $1,427M |
| 1955 | 2.77% | $1,261M |
| 1954 | 2.69% | $1,129M |
| 1953 | 2.78% | $1,105M |
| 1952 | 2.66% | $1,070M |
| 1951 | 2.92% | $1,123M |
| 1950 | 2.83% | $974M |
| 1949 | 2.90% | $897M |