Military Expenditure in Venezuela increased to 8.70 USD Million in 2017 from 7.30 USD Million in 2016. source: SIPRI
Military Expenditure in Venezuela averaged 15.86 USD Million from 1955 until 2017, reaching an all time high of 34.70 USD Million in 2007 and a record low of 3.80 USD Million in 1961. Venezuela Military Expenditure - values, historical data and charts - was last updated on April of 2021.
Military Expenditure in Venezuela is expected to reach 650.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Military Expenditure is projected to trend around 650.00 USD Million in 2022, according to our econometric models.