Venezuela

Military Spending (USD)

2.13
billion USD
Dec 61Dec 65Dec 69Dec 73Dec 77Dec 81Dec 85Dec 89Dec 93Dec 97Dec 01Dec 05Dec 09Dec 13Dec 170.0002.0004.0006.0008.000
  • Venezuela
  • Global Median
Source: IMF

Definition of Military Spending (USD)

Military spending includes expenditure on peacekeeping, defense ministries, paramilitary forces, and military space activities. Also: military and civil personnel, including retirement pensions; operations and maintenance; procurement; military research and development; and military aid. Defense and current expenditure for past military activities, such as for veterans' benefits, demobilization, conversion, and weapon destruction, are not included.

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