Venezuela—Military Spending (% of GDP)
Latest Value
2.2%
2017
YoY Change
+391.9%
2016 → 2017
Maximum
2.2%
2017
Minimum
0.5%
2016
CAGR
+2.3%
18 years
Last
2.2%
Previous
0.5%
Highest
2.2%
Lowest
0.5%
Unit
% of GDP
Source
World Bank World Development Indicators
Venezuela's military spending (% of GDP) was 2.2% in 2017. This represents a +391.9% change from 2016. Over the past 18 years, the highest recorded value was 2.2% (2017) and the lowest was 0.5% (2016). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 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 | 39.6% | 2025 |
| 2 | Algeria | 8.8% | 2025 |
| 3 | Israel | 7.8% | 2025 |
| 4 | Russia | 7.5% | 2025 |
| 5 | Myanmar | 6.6% | 2024 |
| 6 | Qatar | 6.5% | 2022 |
| 7 | Saudi Arabia | 6.5% | 2025 |
| 8 | Azerbaijan | 6.5% | 2025 |
| 9 | Armenia | 6.1% | 2025 |
| 10 | Oman | 5.7% | 2025 |
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.
Unit
% of GDP