In 2022, the Venezuelan government reported approximately 4.6 million U.S. dollars worth of military expenses, more than double the expenditure of the previous year. However, the data for Venezuela remains uncertain due to very high rates of inflation and currency depreciation in the country.
2024
Venezuela
2013 to 2023
based on 2022 constant prices and exchange rates
* The source informs that data for the indicated years remains uncertain due to very high rates of inflation and currency depreciation in the country.
The source provides the following additional information: "The figures for Venezuela include off-budget military spending from the National Development Fund FONDEN, created in 2005 and funded by contributions from the Central Bank and the state oil company PDVSA. Actual figures for FONDEN are from 2005-2015, estimates are made for 2016 and 2017 based on 5-year rolling average of the share of off-budget spending to total military spending."
Figures have been rounded.
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* For commercial use only
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Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.
