Venezuela, RB—Military Spending (% of GDP)
Category: MilitarySource: World Bank World Development IndicatorsGlobal Rank: #143 of 153
Latest Value
0.5%
2023
YoY Change
-23.0%
2022 → 2023
Global Rank
#143
of 153 countries
Maximum
2.2%
2017
Minimum
0.2%
2018
CAGR
-4.7%
24 years
Last
0.5%
Previous
0.6%
Highest
2.2%
Lowest
0.2%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 0.5% | -23.0% |
| 2022 | 0.6% | +107.2% |
| 2021 | 0.3% | -80.1% |
| 2020 | 1.6% | -12.1% |
| 2019 | 1.8% | +1088.1% |
| 2018 | 0.2% | -93.2% |
| 2017 | 2.2% | +391.9% |
| 2016 | 0.5% | -51.8% |
| 2015 | 0.9% | -19.0% |
| 2014 | 1.2% | -30.4% |
| 2013 | 1.7% | +24.5% |
| 2012 | 1.3% | +18.7% |
| 2011 | 1.1% | +11.5% |
| 2010 | 1.0% | -17.7% |
| 2009 | 1.2% | -31.4% |
| 2008 | 1.8% | -5.1% |
| 2007 | 1.9% | -4.5% |
| 2006 | 2.0% | +8.0% |
| 2005 | 1.8% | +42.2% |
| 2004 | 1.3% | +8.9% |
| 2003 | 1.2% | +2.5% |
| 2002 | 1.2% | -25.8% |
| 2001 | 1.6% | +1.9% |
| 2000 | 1.5% |
Top Countries — Military Spending (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Ukraine | 34.5% | 2024 |
| 2 | Israel | 8.8% | 2024 |
| 3 | Algeria | 8.0% | 2024 |
| 4 | Saudi Arabia | 7.3% | 2024 |
| 5 | Russian Federation | 7.1% | 2024 |
| 6 | Myanmar | 6.8% | 2024 |
| 7 | Qatar | 6.5% | 2022 |
| 8 | Oman | 5.6% | 2024 |
| 9 | Armenia | 5.5% | 2024 |
| 10 | Libya | 5.3% | 2023 |
About This Indicator
Definition
Military expenditure by country as percentage of gross domestic product
Methodology
Data compiled by SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), uri: https://www.sipri.org/databases.
Source: World Bank - World Development IndicatorsView original source →