Military Expenditure in Venezuela increased to 260.70 USD Million in 2017 from 218.20 USD Million in 2016. Military Expenditure in Venezuela averaged 474.77 USD Million from 1955 until 2017, reaching an all time high of 1038.40 USD Million in 2007 and a record low of 112.40 USD Million in 1961.

Military Expenditure in Venezuela is expected to be 270.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Military Expenditure is projected to trend around 275.00 USD Million in 2020, according to our econometric models.

Venezuela Military Expenditure
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Venezuela Government Last Previous Highest Lowest Unit
Government Debt to GDP 23.00 31.40 72.30 20.30 percent [+]
Government Budget -20.00 -15.00 3.79 -20.00 percent of GDP [+]
Government Spending 2747.00 2650.00 3645.00 1069.00 VEF Million [+]
Credit Rating 5.08 [+]
Military Expenditure 260.70 218.20 1038.40 112.40 USD Million [+]


Venezuela Military Expenditure

Venezuela Military Expenditure - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
260.70 218.20 1038.40 112.40 1955 - 2017 USD Million Yearly
constant 2016 prices




Country Last
Argentina 5164.97 Dec/17
Australia 26102.32 Dec/17
Brazil 25751.34 Dec/17
Canada 19837.10 Dec/17
China 228173.00 Dec/17
France 56287.40 Dec/17
Germany 43023.00 Dec/17
India 59757.10 Dec/17
Indonesia 7910.80 Dec/17
Italy 28416.60 Dec/17
Japan 46555.98 Dec/17
Mexico 5532.60 Dec/17
Netherlands 9780.20 Dec/17
Russia 55327.20 Dec/17
Saudi Arabia 69521.40 Dec/17
Singapore 10122.00 Dec/17
South Africa 3110.20 Dec/17
South Korea 37559.90 Dec/17
Spain 15686.00 Dec/17
Switzerland 4603.60 Dec/17
Turkey 19579.90 Dec/17
United Kingdom 48383.40 Dec/17
United States 597177.90 Dec/17


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