Military expenditure, current USD
SIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time.
MILITARY_EXPENDITURE_CURRENT_USD · raw · annual · USD
Military resource scale
Military expenditure, current USD
Military resource scale
SIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time.
Data and evidence
Military expenditure, current USD
Venezuela (Bolivarian Republic of)
| Period | Value | Status | Provenance & calculation |
|---|---|---|---|
| 1990 | ≈ 737,870,454.69
Exact value737870454.6860100000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76475 · revision 1
Value 737870454.6860100000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: SIPRI estimate Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 737870454.6860100000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 1991 | ≈ 983,721,953.37
Exact value983721953.3655960000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76474 · revision 1
Value 983721953.3655960000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: SIPRI estimate Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 983721953.3655960000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 1992 | ≈ 992,932,484.98
Exact value992932484.9780580000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76473 · revision 1
Value 992932484.9780580000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: SIPRI estimate Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 992932484.9780580000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 1993 | ≈ 1,287,954,760.86
Exact value1287954760.8642300000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76472 · revision 1
Value 1287954760.8642300000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: SIPRI estimate Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 1287954760.8642300000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 1994 | ≈ 939,683,231.42
Exact value939683231.4208280000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76471 · revision 1
Value 939683231.4208280000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 939683231.4208280000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 1995 | ≈ 1,198,810,237.39
Exact value1198810237.3870500000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76470 · revision 1
Value 1198810237.3870500000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 1198810237.3870500000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 1996 | ≈ 733,197,556.01
Exact value733197556.0081470000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76469 · revision 1
Value 733197556.0081470000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 733197556.0081470000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 1997 | ≈ 1,541,033,863.86
Exact value1541033863.8610200000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76468 · revision 1
Value 1541033863.8610200000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 1541033863.8610200000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 1998 | ≈ 1,450,963,991.62
Exact value1450963991.6211200000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76467 · revision 1
Value 1450963991.6211200000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 1450963991.6211200000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 1999 | ≈ 1,408,064,715.84
Exact value1408064715.8363900000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76466 · revision 1
Value 1408064715.8363900000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 1408064715.8363900000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2000 | ≈ 1,788,322,080.34
Exact value1788322080.3362500000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76465 · revision 1
Value 1788322080.3362500000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 1788322080.3362500000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2001 | ≈ 1,911,400,136.53
Exact value1911400136.5285800000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76464 · revision 1
Value 1911400136.5285800000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 1911400136.5285800000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2002 | ≈ 1,071,363,969.16
Exact value1071363969.1631800000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76463 · revision 1
Value 1071363969.1631800000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 1071363969.1631800000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2003 | ≈ 987,890,177.73
Exact value987890177.7268880000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76462 · revision 1
Value 987890177.7268880000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 987890177.7268880000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2004 | ≈ 1,448,715,982.93
Exact value1448715982.9326400000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76461 · revision 1
Value 1448715982.9326400000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 1448715982.9326400000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2005 | ≈ 2,665,390,596.96
Exact value2665390596.9613600000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76460 · revision 1
Value 2665390596.9613600000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 2665390596.9613600000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2006 | ≈ 3,630,088,495.58
Exact value3630088495.5752200000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76459 · revision 1
Value 3630088495.5752200000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 3630088495.5752200000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2007 | ≈ 4,351,560,316.72
Exact value4351560316.7210100000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76458 · revision 1
Value 4351560316.7210100000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 4351560316.7210100000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2008 | ≈ 5,660,456,450.86
Exact value5660456450.8616700000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76457 · revision 1
Value 5660456450.8616700000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 5660456450.8616700000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2009 | ≈ 4,055,379,599.44
Exact value4055379599.4410800000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76456 · revision 1
Value 4055379599.4410800000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 4055379599.4410800000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2010 | ≈ 3,991,194,834.74
Exact value3991194834.7443500000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76455 · revision 1
Value 3991194834.7443500000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 3991194834.7443500000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2011 | ≈ 3,577,531,587.44
Exact value3577531587.4385100000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76454 · revision 1
Value 3577531587.4385100000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 3577531587.4385100000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2012 | ≈ 5,114,847,099.99
Exact value5114847099.9930100000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76453 · revision 1
Value 5114847099.9930100000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 5114847099.9930100000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2013 | ≈ 6,199,698,500.16
Exact value6199698500.1554200000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76452 · revision 1
Value 6199698500.1554200000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 6199698500.1554200000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2014 | ≈ 1,554,727,108.24
Exact value1554727108.2393200000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76451 · revision 1
Value 1554727108.2393200000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Due to sharp depreciation in the bolivar from 2014, the use of the official fixed exchange rate between bolivar and USD is no longer possible. Thus alternative exchange rates have been used from 2013, this is a combination of DICOR, SICAD and DICOM (from 2014 onwards). The figure from 2015 to 2017 should be treated with caution due to the very high rate of inflation and currency depreciation in Venezuela. The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending. This country changed or redenominated its currency during the period; all current price local currency figures have been converted to the latest currency. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 1554727108.2393200000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2015 | ≈ 320,539,157.96
Exact value320539157.9635240000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76450 · revision 1
Value 320539157.9635240000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Highly uncertain data Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 320539157.9635240000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2016 | ≈ 218,154,892.93
Exact value218154892.9290750000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76449 · revision 1
Value 218154892.9290750000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Highly uncertain data Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 218154892.9290750000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2017 | ≈ 2,127,936,596.44
Exact value2127936596.4357100000 | available | Inspect evidence
World Bank — World Development Indicators · observation #76448 · revision 1
Value 2127936596.4357100000 · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider footnote: Highly uncertain data Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: 2127936596.4357100000 · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2018 | Unavailable USD | missing | Inspect evidence
World Bank — World Development Indicators · observation #76447 · revision 1
Value Missing · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: Missing · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2019 | Unavailable USD | missing | Inspect evidence
World Bank — World Development Indicators · observation #76446 · revision 1
Value Missing · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: Missing · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2020 | Unavailable USD | missing | Inspect evidence
World Bank — World Development Indicators · observation #76445 · revision 1
Value Missing · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: Missing · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2021 | Unavailable USD | missing | Inspect evidence
World Bank — World Development Indicators · observation #76444 · revision 1
Value Missing · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: Missing · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2022 | Unavailable USD | missing | Inspect evidence
World Bank — World Development Indicators · observation #76443 · revision 1
Value Missing · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: Missing · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2023 | Unavailable USD | missing | Inspect evidence
World Bank — World Development Indicators · observation #76442 · revision 1
Value Missing · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: Missing · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2024 | Unavailable USD | missing | Inspect evidence
World Bank — World Development Indicators · observation #76441 · revision 1
Value Missing · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: Missing · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
| 2025 | Unavailable USD | missing | Inspect evidence
World Bank — World Development Indicators · observation #76440 · revision 1
Value Missing · reported · Published Unknown · Retrieved 2026-10-17 Source referenceSIPRI military expenditure in current US dollars. This measures nominal resource inputs, not military capability; exchange-rate and inflation changes affect comparisons over time. Provider world_bank · indicator MS.MIL.XPND.CD · dataset 2 · reported Dataset updated 2026-10-08 (not observation publication date) Revision historyRevision 1: Missing · Initial observation · 2026-10-17 04:46:02 · source revision unspecified |
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