Expenditure on military as a share of GDP of Venezuela 2001-2023

The ratio of military expenditure to gross domestic product (GDP) in Venezuela decreased to 0.5 percent compared to the previous year. Nevertheless, the last two years recorded a significantly higher ratio than the preceding years.
These figures refer to the total amount of money spent on a country's military, as a share of its gross domestic product (GDP). These figures apply to current expenditure on a country's armed forces, including peacekeeping forces and defense ministries, among others.