Military Spending in Venezuela
Our latest data shows that Venezuela spent $3,316,000,000 on their military in 2012 which amounted to 1.0% of the country's GDP that year. Check out the chart below for more Venezuelan military budget data. We can only publish the past 12 years, but SIPRI has data as far back as 1988 on their site.
Total Spent: $38,426,000,000 (Last 12 years)
| Year | Dollars Spent | % GDP |
|---|---|---|
| 2001 | $2,735,000,000 | 1.6% |
| 2002 | $2,009,000,000 | 1.2% |
| 2003 | $1,955,000,000 | 1.2% |
| 2004 | $2,772,000,000 | 1.3% |
| 2005 | $3,745,000,000 | 1.4% |
| 2006 | $4,940,000,000 | 1.6% |
| Year | Dollars Spent | % GDP |
|---|---|---|
| 2007 | $4,124,000,000 | 1.3% |
| 2008 | $4,569,000,000 | 1.4% |
| 2009 | $3,302,000,000 | 1.2% |
| 2010 | $2,574,000,000 | 0.9% |
| 2011 | $2,385,000,000 | 0.8% |
| 2012 | $3,316,000,000 | 1.0% |
Note on Data: Constant (2011) US Dollars are used. For more information about this data visit SIPRI.org.
SIPRI Footnote: The figures for Venezuela exclude an unknown amount of additional funding from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Figures for Venezuela for the years 1991-1997 and for the most recent year, are for the adopted budget rather than for the actual expenditure.
Other Countries in the Region
Guatemala$205 Million (2012)
Guyana$30 Million (2012)
Jamaica$123 Million (2012)
Trinidad &TobagoNo Data (2012)
Paraguay$430 Million (2012)
Venezuela$3,316 Million (2012)
Nicaragua$65 Million (2012)
Uruguay$944 Million (2012)
Venezuela's Military Branches
Bolivarian Army (Ejercito Bolivariano, EB), Bolivarian Navy (Armada Bolivariana, AB; includes Naval Infantry, Coast Guard, Naval Aviation), Bolivarian Military Aviation (Aviacion Militar Bolivariana, AMB; includes Air National Guard), Bolivarian National Guard (Guardia Nacional Bolivaria, GNB).
Military Service Age in Venezuela
18-30 years of age for compulsory and voluntary military service; 30-month conscript service obligation; Navy requires 6th-grade education for enlisted personnel; all citizens of military service age (18-60 years old) are obligated to register for military service.