Venezuela Military Spending
Venezuela spends an estimated 1.2% of GDP on its military in 2026; SIPRI data (refreshed 2026-07-07) includes no comparable US-dollar figure for Venezuela.
Defense budget and military expenditure data (1955–2027)
Data updated: July 7, 2026
Key Facts (2026 estimate)
Military Expenditure
N/A
Percent of GDP
1.2%
Ranked #114 of 163 countries by % of GDP
How the 2026 figures are produced. Neither figure is a researched budget estimate. The share-of-GDP figure is the arithmetic mean of Venezuela’s last 3 reported years (2015–2017), carried across both estimate years unchanged. Actual SIPRI figures for Venezuela run to 2017.
Venezuela Defense Budget Summary
Venezuela spends an estimated 1.2% of GDP on its military in 2026; SIPRI data (refreshed 2026-07-07) includes no comparable US-dollar figure for Venezuela.
The highest percentage of GDP allocated to defense spending was 3.4% in 1958. The historical average military budget is 2.0% 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) | 1.21% | — |
| 2026(estimate) | 1.21% | — |
| 2017 | 2.23% | — |
| 2016 | 0.45% | — |
| 2015 | 0.94% | — |
| 2014 | 1.16% | — |
| 2013 | 1.67% | — |
| 2012 | 1.34% | — |
| 2011 | 1.13% | — |
| 2010 | 1.01% | — |
| 2009 | 1.23% | — |
| 2008 | 1.79% | — |
| 2007 | 1.89% | — |
| 2006 | 1.98% | — |
| 2005 | 1.83% | — |
| 2004 | 1.29% | — |
| 2003 | 1.18% | — |
| 2002 | 1.15% | — |
| 2001 | 1.56% | — |
| 2000 | 1.53% | — |
| 1999 | 1.44% | — |
| 1998 | 1.59% | — |
| 1997 | 1.80% | — |
| 1996 | 1.04% | — |
| 1995 | 1.55% | — |
| 1994 | 1.59% | — |
| 1993 | 2.15% | — |
| 1992 | 1.64% | — |
| 1991 | 1.84% | — |
| 1990 | 1.52% | — |
| 1989 | 2.79% | — |
| 1988 | 1.82% | — |
| 1987 | 1.63% | — |
| 1986 | 1.65% | — |
| 1985 | 1.37% | — |
| 1984 | 2.29% | — |
| 1983 | 2.97% | — |
| 1982 | 2.25% | — |
| 1981 | 1.52% | — |
| 1980 | 1.70% | — |
| 1979 | 1.92% | — |
| 1978 | 2.11% | — |
| 1977 | 2.07% | — |
| 1976 | 1.89% | — |
| 1975 | 2.59% | — |
| 1974 | 2.31% | — |
| 1973 | 2.47% | — |
| 1972 | 2.83% | — |
| 1971 | 2.70% | — |
| 1970 | 2.29% | — |
| 1969 | 2.50% | — |
| 1968 | 2.68% | — |
| 1967 | 2.86% | — |
| 1966 | 2.66% | — |
| 1965 | 2.64% | — |
| 1964 | 2.45% | — |
| 1963 | 2.55% | — |
| 1962 | 2.31% | — |
| 1961 | 1.42% | — |
| 1960 | 3.06% | — |
| 1959 | 2.96% | — |
| 1958 | 3.43% | — |
| 1957 | 3.22% | — |
| 1956 | 2.75% | — |
| 1955 | 2.58% | — |