Bolivia: Military expenditure (% of GDP)
In , Bolivia's Military expenditure (% of GDP) was 1.37.
That's up 5.1% from 2023, the highest value since .
The global average for this indicator in 2024 was 2.20 . Bolivia ranks #87 globally out of 147 reporting countries. Within Latin America & Caribbean, it ranks #6 of 20.
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS) • Data as of 2024
Trend (2005–2024)
Highlights
- Peak
- 2.79
- Trough
- 0.97
- 1-year change
- +5.1%
- 5-year change
- -5.6%
- -1.1% / yr
- 10-year change
- -27.7%
- -3.2% / yr
Historical Data — Last 10 Years
| Year | Military expenditure (% of GDP) |
|---|---|
| 1.3707 | |
| 1.3043 | |
| 0.9733 | |
| 1.3258 | |
| 1.3920 | |
| 1.4513 | |
| 1.4969 | |
| 1.5364 | |
| 1.5305 | |
| 1.7594 |
About Military expenditure (% of GDP)
Military expenditure by country as percentage of gross domestic product
Indicator code: MS.MIL.XPND.GD.ZS • Category: Public Sector
Frequently asked questions
- What was Bolivia's Military expenditure (% of GDP) in 2024?
- In 2024, Bolivia's Military expenditure (% of GDP) was 1.37, according to World Bank Open Data.
- Is Bolivia's Military expenditure (% of GDP) rising or falling?
- Bolivia's Military expenditure (% of GDP) rose 5.1% from 2023 to 2024.
- How does Bolivia rank globally on Military expenditure (% of GDP)?
- In 2024, Bolivia ranked #87 out of 147 countries reporting Military expenditure (% of GDP).
- How does Bolivia's Military expenditure (% of GDP) compare to the world average?
- The global average for Military expenditure (% of GDP) in 2024 was 2.20, so Bolivia is below the world average. Within Latin America & Caribbean, it ranks #6 of 20.
- What is Military expenditure (% of GDP) and how is it measured?
- Military expenditure by country as percentage of gross domestic product
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS), CC BY 4.0.