Military expenditure in local currency fell 3.31% to BOB 4.14 bil in Bolivia in 2019, according to the SIPRI Military Expenditure Database.
Historically, military expenditure in local currency in Bolivia reached an all time high of BOB 4.32 bil in 2014 and an all time low of BOB < 0.001 bil in 1961. When compared to Bolivia's main peers, military expenditure in local currency in Brazil amounted to BRL 106 bil, CLP 3,646 bil in Chile, PYG 2,470 bil in Paraguay and PEN 9.05 bil in Peru in 2019.
Bolivia has been ranked 100th within the group of 145 countries we follow in terms of military expenditure in local currency, 5 places above the position seen 10 years ago.
| Military Expenditure (Local Currency) | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| Argentina | ARS bil | 66.6 | 90.4 | 108 | 151 | 200 | ||||||||||||||||
| Bolivia | BOB bil | 3.59 | 3.98 | 4.17 | 4.10 | 3.52 | ||||||||||||||||
| Brazil | BRL bil | 84.5 | 93.1 | 103 | 102 | 101 | ||||||||||||||||
| Chile | CLP bil | 3,247 | 3,480 | 3,557 | 3,646 | 4,189 | ||||||||||||||||
| Colombia | COP bil | 26,528 | 29,530 | 29,962 | 33,346 | 35,290 | ||||||||||||||||
| Paraguay | PYG bil | 1,946 | 1,956 | 2,216 | 2,305 | 2,465 | ||||||||||||||||
| Peru | PEN bil | 8.56 | 8.70 | 8.70 | 9.19 | 9.27 | ||||||||||||||||
| Uruguay | UYU bil | 29.8 | 33.4 | 39.1 | 40.7 | 45.8 | ||||||||||||||||
| Venezuela | VEF bil | 108 | 4,440 | 3,489,538 | 5,391,344,960 | 81,449,000,000 |
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