Military expenditure in local currency rose 3.00% to VEF 39,337 bil in Venezuela in 2018, according to the SIPRI Military Expenditure Database.
Historically, military expenditure in local currency in Venezuela reached an all time high of VEF 39,337 bil in 2018 and an all time low of VEF < 0.001 bil in 1961. When compared to Venezuela's main peers, military expenditure in local currency in Brazil amounted to BRL 103 bil, COP 29,962 bil in Colombia, GYD 12.9 bil in Guyana and TTD 1.10 bil in Trinidad and Tobago in 2018.
Venezuela has been ranked 4th within the group of 150 countries we follow in terms of military expenditure in local currency, 76 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 |
| Bolivia | BOB bil | 3.59 | 3.98 | 4.17 | 4.10 | 3.52 | ||||||||||||||||
| Brazil | BRL bil | 84.5 | 93.1 | 103 | 102 | 101 | ||||||||||||||||
| Colombia | COP bil | 26,528 | 29,530 | 29,962 | 33,346 | 35,290 | ||||||||||||||||
| Guyana | GYD bil | 10.7 | 12.3 | 12.8 | 14.0 | 16.0 | ||||||||||||||||
| Peru | PEN bil | 8.56 | 8.70 | 8.70 | 9.19 | 9.27 | ||||||||||||||||
| Puerto Rico | USD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Suriname | SRD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Trinidad and Tobago | TTD bil | 1.44 | 1.37 | 1.12 | 1.17 | 1.15 | ||||||||||||||||
| Venezuela | VEF bil | 108 | 4,440 | 3,489,538 | 5,391,344,960 | 81,449,000,000 |
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