Military expenditure in local currency rose 799% to VEF 970 bil in Venezuela in 2017, according to the SIPRI Military Expenditure Database.
Historically, military expenditure in local currency in Venezuela reached an all time high of VEF 970 bil in 2017 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 93.1 bil, COP 28,633 bil in Colombia, GYD 11.8 bil in Guyana and TTD 1.37 bil in Trinidad and Tobago in 2017.
Venezuela has been ranked 21st within the group of 147 countries we follow in terms of military expenditure in local currency, 58 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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