Peru: Military expenditure (% of GDP)
In , Peru's Military expenditure (% of GDP) was 0.91.
That's down 26.4% from 2023, the highest value since .
The global average for this indicator in 2024 was 2.20 . Peru ranks #116 globally out of 147 reporting countries. Within Latin America & Caribbean, it ranks #12 of 20.
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS) • Data as of 2024
Trend (2005–2024)
Highlights
- Peak
- 1.75
- Trough
- 0.91
- 1-year change
- -26.4%
- 5-year change
- -24.6%
- -5.5% / yr
- 10-year change
- -43.3%
- -5.5% / yr
Historical Data — Last 10 Years
| Year | Military expenditure (% of GDP) |
|---|---|
| 0.9093 | |
| 1.2359 | |
| 1.1351 | |
| 1.1645 | |
| 1.3168 | |
| 1.2059 | |
| 1.1898 | |
| 1.2652 | |
| 1.3219 | |
| 1.7451 |
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 Peru's Military expenditure (% of GDP) in 2024?
- In 2024, Peru's Military expenditure (% of GDP) was 0.91, according to World Bank Open Data.
- Is Peru's Military expenditure (% of GDP) rising or falling?
- Peru's Military expenditure (% of GDP) fell 26.4% from 2023 to 2024.
- How does Peru rank globally on Military expenditure (% of GDP)?
- In 2024, Peru ranked #116 out of 147 countries reporting Military expenditure (% of GDP).
- How does Peru's Military expenditure (% of GDP) compare to the world average?
- The global average for Military expenditure (% of GDP) in 2024 was 2.20, so Peru is below the world average. Within Latin America & Caribbean, it ranks #12 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.