Venezuela Military Expenditure (% of GDP) 2017: 2.23 %
Venezuela's military expenditure (% of gdp) in 2017 is 2.23 %, up 391.9% from 2016. It ranks #37 of 155 countries.
Military expenditure as a percentage of GDP reflects a country's military focus relative to its economy.
Source (2017): Military spending as a share of GDP | Our World in Data
Military Expenditure (% of GDP) over time
| Year | Value | Change | % Change | Actions |
|---|---|---|---|---|
| 2017 | 2.23 % | +1.78 % | +391.87% | |
| 2016 | 0.45 % | 0.49 % | -51.77% | |
| 2015 | 0.94 % | 0.22 % | -18.97% | |
| 2014 | 1.16 % | 0.51 % | -30.41% | |
| 2013 | 1.67 % | +0.33 % | +24.46% | |
| 2012 | 1.34 % | +0.21 % | +18.67% | |
| 2011 | 1.13 % | +0.12 % | +11.54% | |
| 2010 | 1.01 % | 0.22 % | -17.67% | |
| 2009 | 1.23 % | 0.56 % | -31.36% | |
| 2008 | 1.79 % | 0.1 % | -5.05% | |
| 2007 | 1.89 % | 0.09 % | -4.52% | |
| 2006 | 1.98 % | +0.15 % | +8.01% | |
| 2005 | 1.83 % | +0.54 % | +42.18% | |
| 2004 | 1.29 % | +0.11 % | +8.93% | |
| 2003 | 1.18 % | +0.03 % | +2.54% | |
| 2002 | 1.15 % | 0.4 % | -25.83% | |
| 2001 | 1.56 % | — | — |
Frequently Asked Questions About Venezuela Military Expenditure (% of GDP)
What is Venezuela's military expenditure (% of gdp) in 2017?▾
Venezuela's military expenditure (% of gdp) is 2.23 % in 2017, according to Military spending as a share of GDP | Our World in Data.
Is Venezuela's military expenditure (% of gdp) increasing or decreasing?▾
Venezuela's military expenditure (% of gdp) rose by 391.9% from 2016 (0.45 %) to 2017 (2.23 %). Over the past decade (2007–2017) it rose by 18.2%.
How does Venezuela rank for military expenditure (% of gdp)?▾
In 2017, Venezuela has the 37th highest military expenditure (% of gdp) out of 155 countries with data.
What was Venezuela's military expenditure (% of gdp) in 2001?▾
In 2001, Venezuela's military expenditure (% of gdp) was 1.56 %. By 2017 it rose by 43.6%.
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