Military Expenditure (Local Currency) in Venezuela

Military expenditure in local currency reached VEF 3,083,842,126,000 bil in 2022 in Venezuela, according to the SIPRI Military Expenditure Database. This is 615% more than in the previous year.

Historically, military expenditure in local currency in Venezuela reached an all time high of VEF 3,083,842,126,000 bil in 2022 and an all time low of VEF < 0.001 bil in 1961.

Venezuela has been ranked 1st within the group of 150 countries we follow in terms of military expenditure in local currency.