Military expenditure in local currency reached VEF 10,941,523,999,999,999,868,928.00 bil in 2023 in Venezuela, according to the SIPRI Military Expenditure Database. This is 354,801,690,549% more than in the previous year.
Historically, military expenditure in local currency in Venezuela reached an all time high of VEF 10,941,523,999,999,999,868,928.00 bil in 2023 and an all time low of VEF < 0.001 bil in 1961.
Venezuela has been ranked 1st within the group of 148 countries we follow in terms of military expenditure in local currency.
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