Venezuela Military Spending
Defense budget and military expenditure data (1955–2026)
Key Facts (2026 estimate)
Military Expenditure
$4 million
Ranked #148 of 148 countries worldwide
Percent of GDP
0.5%
Ranked #150 of 157 countries by % of GDP
Year-over-Year Change
+0.0%
From $4M in 2025
Historical Peak Spending
$19 million
Reached in 2019
Venezuela Defense Budget Summary
In 2026, Venezuela is estimated to have spent $4 million on military and defense, representing 0.5% of the country's Gross Domestic Product (GDP). This budget covers the armed forces including army, navy, and air force expenditures. Venezuela is the #148 highest military spender in the world by absolute spending.
Compared to the previous year (2025), defense spending increased by 0.0%, from $4 million to $4 million. This change in the military budget reflects growing defense priorities.
The highest percentage of GDP allocated to defense spending was 3.4% in 1958. 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) | 0.49% | $4M |
| 2025(estimate) | 0.49% | $4M |
| 2023 | 0.50% | $4M |
| 2022 | 0.65% | $5M |
| 2021 | 0.31% | $2M |
| 2020 | 1.58% | $12M |
| 2019 | 1.79% | $19M |
| 2018 | 0.15% | $2M |
| 2017 | 2.23% | $2M |
| 2016 | 0.45% | $0M |
| 2015 | 0.94% | $0M |
| 2014 | 1.16% | $1M |
| 2013 | 1.67% | $1M |
| 2012 | 1.34% | $1M |
| 2011 | 1.13% | $1M |
| 2010 | 1.01% | $1M |
| 2009 | 1.23% | $1M |
| 2008 | 1.79% | $1M |
| 2007 | 1.89% | $1M |
| 2006 | 1.98% | $1M |