Peru—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #58 of 156Updated April 2026
Latest Value
$2.57B
2024
YoY Change
-22.5%
2023 → 2024
Global Rank
#58
of 156 countries
Maximum
$3.31B
2015
Minimum
$839.6M
2002
CAGR
+4.4%
25 years
Last
$2.57B
Previous
$3.31B
Highest
$3.31B
Lowest
$839.6M
Source
World Bank World Development Indicators
Peru's military expenditure (usd) was $2.57B in 2024, ranking #58 out of 156 countries. This represents a -22.5% change from 2023. Over the past 25 years, the highest recorded value was $3.31B (2015) and the lowest was $839.6M (2002). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $2.57B | -22.5% |
| 2023 | $3.31B | +18.2% |
| 2022 | $2.80B | +5.3% |
| 2021 | $2.66B | +0.1% |
| 2020 | $2.65B | -4.1% |
| 2019 | $2.77B | +4.5% |
| 2018 | $2.65B | -0.6% |
| 2017 | $2.67B | +5.1% |
| 2016 | $2.54B | -23.4% |
| 2015 | $3.31B | +2.9% |
| 2014 | $3.22B | -2.7% |
| 2013 | $3.31B | +15.7% |
| 2012 | $2.86B | +21.3% |
| 2011 | $2.36B | +8.1% |
| 2010 | $2.18B | +17.9% |
| 2009 | $1.85B | +22.9% |
| 2008 | $1.50B | +12.8% |
| 2007 | $1.33B | +3.2% |
| 2006 | $1.29B | +7.3% |
| 2005 | $1.20B | +30.5% |
| 2004 | $922.0M | +3.5% |
| 2003 | $891.3M | +6.2% |
| 2002 | $839.6M | -7.1% |
| 2001 | $904.2M | -0.9% |
| 2000 | $912.0M |
Top Countries — Military Expenditure (USD)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | United States | $997.31B | 2024 |
| 2 | China | $313.66B | 2024 |
| 3 | Russian Federation | $148.97B | 2024 |
| 4 | Germany | $88.46B | 2024 |
| 5 | India | $86.13B | 2024 |
| 6 | United Kingdom | $81.76B | 2024 |
| 7 | Saudi Arabia | $80.33B | 2024 |
| 8 | Ukraine | $64.70B | 2024 |
| 9 | France | $64.68B | 2024 |
| 10 | Japan | $55.27B | 2024 |