Military Expenditure in Venezuela decreased to 0.41 USD Million in 2019 from 0.53 USD Million in 2018. source: SIPRI
Military Expenditure in Venezuela averaged 0.03 USD Million from 1955 until 2019, reaching an all time high of 0.53 USD Million in 2018 and a record low of 0 USD Million in 1961. Venezuela Military Expenditure - values, historical data and charts - was last updated on July of 2022.
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.