Venezuela, RB: Military expenditure (% of GDP)
In , Venezuela, RB's Military expenditure (% of GDP) was 0.50.
That's down 23.0% from 2022, the highest value since .
The global average for this indicator in 2023 was 2.20 .
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS) • Data as of 2023
Trend (2005–2023)
Highlights
- Peak
- 2.23
- Trough
- 0.15
- 1-year change
- -23.0%
- 5-year change
- +231.9%
- +27.1% / yr
- 10-year change
- -70.0%
- -11.3% / yr
Historical Data — Last 10 Years
| Year | Military expenditure (% of GDP) |
|---|---|
| 0.5007 | |
| 0.6499 | |
| 0.3136 | |
| 1.5755 | |
| 1.7923 | |
| 0.1509 | |
| 2.2333 | |
| 0.4540 | |
| 0.9414 | |
| 1.1618 |
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 Venezuela, RB's Military expenditure (% of GDP) in 2023?
- In 2023, Venezuela, RB's Military expenditure (% of GDP) was 0.50, according to World Bank Open Data.
- Is Venezuela, RB's Military expenditure (% of GDP) rising or falling?
- Venezuela, RB's Military expenditure (% of GDP) fell 23.0% from 2022 to 2023.
- How does Venezuela, RB's Military expenditure (% of GDP) compare to the world average?
- The global average for Military expenditure (% of GDP) in 2023 was 2.20, so Venezuela, RB is below the world average.
- 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.