Military Expenditure in Venezuela increased to 465 USD Million in 2017 from 389 USD Million in 2016.
Military Expenditure in Venezuela averaged 846.67 USD Million from 1955 until 2017, reaching an all time high of 1852 USD Million in 2007 and a record low of 200 USD Million in 1961. Venezuela Military Expenditure - values, historical data and charts - was last updated on September of 2020. source: SIPRI
Military Expenditure in Venezuela is expected to reach 700.00 USD Million by the end of 2020, 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 2021, according to our econometric models.