Bolivia's military expenditure (current USD) was 688.31 million in 2025, the latest year in the World Bank's World Development Indicators. That is up 18.55% from 580.62 million in 2015 (1.72% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 688.31 million | 2025 |
| Five years earlier | 509.9 million | 2020 |
| Ten years earlier | 580.62 million | 2015 |
| Highest | 688.31 million | 2025 |
| Lowest | 4.94 million | 1961 |
| Average since 2016 | 561.42 million | 2016–2025 |
| First recorded | 4.94 million |
What the numbers say
In 2025, Bolivia's military expenditure (current USD) rose 20.6% on 2024 (from 570.91 million to 688.31 million).
Across the 30 yearly changes before that (1995 to 2024), the average change was +7.4% and a typical year strayed about 25.6% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 88.2% in 1974 and the biggest yearly fall was 48.2% in 1982. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 6% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Bolivia had the 88th highest value of the 150 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Bolivia | 688.31 million | 2025 |
| World | 2.86 trillion | 2025 |
| Latin America & Caribbean | 73.39 billion | 2025 |
| Lower middle income | 133.67 billion | 2025 |
Closest to Bolivia in the 2025 ranking
What this measures
Military spending USD, in current prices (converted at the exchange rate for the given year)
Limitations: SIPRI strives to compile reliable, consistent military expenditure data by assessing multiple sources, but accuracy depends on the quality and transparency of those sources. Challenges arise from two key issues: whether reported figures reflect actual spending and how closely they match SIPRI’s definition. While data is generally accurate in developed and many developing countries, weak governance, corruption, and secret transfers in others can lead to major discrepancies. SIPRI sometimes makes estimates, when sources conflict or lack coverage, introducing uncertainty, especially for countries like China or the UAE.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 61 values
| Year | Military expenditure (current USD) |
|---|---|
| 2025 | 688,306,802 |
| 2024 | 570,911,722 |
| 2023 | 588,704,776 |
| 2022 | 428,311,004 |
| 2021 | 535,704,002 |
| 2020 | 509,904,805 |
| 2019 | 593,501,931 |
| 2018 | 603,066,852 |
| 2017 | 576,293,038 |
| 2016 | 519,458,024 |
| 2015 |
Military expenditure (current USD) in nearby economies
- Argentina — 3.88 billion (2025)
- Belize — 33.32 million (2025)
- Brazil — 23.95 billion (2025)
- Chile — 5.33 billion (2025)
- Colombia — 14.5 billion (2025)
- Costa Rica — 0 (2025)
- Cuba — 128.61 million (2018)
- Dominican Republic — 1.04 billion (2025)
- Ecuador — 2.74 billion (2025)
- El Salvador — 490 million (2025)
- Guatemala
More public sector data for Bolivia
- Military expenditure (current LCU) — 4.76 billion (2025)
- Military expenditure (% of GDP) — 1.21% (2025)
- Arms imports (SIPRI trend indicator values) — 0 (2024)
- Military expenditure (% of general government expenditure) — 3.18% (2025)
- Armed forces personnel, total — 71,000 (2020)
- Armed forces personnel (% of total labor force) — 1.21% (2020)
- Statistical performance indicators (SPI): Pillar 1 data use score (scale 0-100) — 80 (2024)
- Statistical performance indicators (SPI): Pillar 3 data products score (scale 0-100) — 78.07 (2024)
- Primary government expenditures as a proportion of original approved budget (%)
Reading data like this
Questions people ask
- What is Bolivia's military expenditure (current USD)?
- 688.31 million in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1961?
- It is up 13,846% from 4.94 million in 1961 (8.02% a year on average, compounded). The highest value was 688.31 million in 2025 and the lowest 4.94 million in 1961.
- How does Bolivia rank?
- 88th highest of 150 economies with data for 2025.
- Is the latest change in military expenditure (current USD) unusual for Bolivia?
- In 2025, Bolivia's military expenditure (current USD) rose 20.6% on 2024 (from 570.91 million to 688.31 million). Across the 30 yearly changes before that (1995 to 2024), the average change was +7.4% and a typical year strayed about 25.6% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator MS.MIL.XPND.CD, licensed CC BY 4.0. Original source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), uri: https://www.sipri.org/databases Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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