Military expenditure as a share of gdp reached 0.650% in 2022 in Venezuela, according to the SIPRI Military Expenditure Database. This is 107% more than in the previous year.
Historically, military expenditure as a share of GDP in Venezuela reached an all time high of 3.43% in 1958 and an all time low of 0.151% in 2018.
Venezuela has been ranked 128th within the group of 148 countries we follow in terms of military expenditure as a share of GDP.
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