Venezuela, RB's arms imports (SIPRI trend indicator values) was 98 million in 2023, the latest year in the World Bank's World Development Indicators. That is down 90.26% from 1.01 billion in 2013 (20.77% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 98 million | 2023 |
| Five years earlier | 14 million | 2018 |
| Ten years earlier | 1.01 billion | 2013 |
| Highest | 1.01 billion | 2013 |
| Lowest | 1 million | 1994 |
| Average since 2014 | 101.67 million | 2014–2023 |
| First recorded | 64 million |
What the numbers say
On record, the biggest yearly rise was 2,478.6% in 1980 and the biggest yearly fall was 97.3% in 1994. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Venezuela, RB had the 1st highest value of the 13 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 | |
|---|---|---|
| Venezuela, RB | 98 million | 2023 |
| World | 33.33 billion | 2025 |
| Latin America & Caribbean | 782 million | 2025 |
| Lower middle income | 5.14 billion | 2025 |
Closest to Venezuela, RB in the 2023 ranking
- Cambodia — 2nd of 13: 56 million
- Kyrgyz Republic — 3rd of 13: 54 million
- Malta — 4th of 13: 45 million
What this measures
Arms transfers (imports) cover the volume of transfers of major arms through sales and gifts, and those made through manufacturing licenses. Data cover major conventional weapons such as aircraft, armored vehicles, artillery, radar systems, missiles, and ships. Figures are SIPRI Trend Indicator Values (TIVs). A '0' indicates that the volume of deliveries is between 0 and 0.5 million SIPRI TIV.
Limitations: SIPRI calculates the volume of transfers to, from and between all parties using the TIV and the number of weapon systems or subsystems delivered in a given year. This data is intended to provide a common unit to allow the measurement if trends in the flow of arms to particular countries and regions over time. Therefore, the main priority is to ensure that the TIV system remains consistent over time, and that any changes introduced are backdated. SIPRI TIV figures do not represent sales prices for arms transfers.
Regional and income-group figures are computed by the World Bank as a sum.
All 59 values
| Year | Arms imports (SIPRI trend indicator values) |
|---|---|
| 2023 | 98,000,000 |
| 2022 | no data |
| 2021 | no data |
| 2020 | 79,000,000 |
| 2019 | no data |
| 2018 | 14,000,000 |
| 2017 | no data |
| 2016 | 95,000,000 |
| 2015 | 138,000,000 |
| 2014 | 186,000,000 |
| 2013 |
Arms imports (SIPRI trend indicator values) in nearby economies
- Argentina — 108 million (2025)
- Bahamas, The — 12 million (2017)
- Bolivia — 0 (2024)
- Brazil — 462 million (2025)
- Chile — 14 million (2025)
- Colombia — 22 million (2025)
- Costa Rica — 8 million (2019)
- Dominican Republic — 13 million (2025)
- Ecuador — 30 million (2025)
- El Salvador — 3 million (2025)
More public sector data for Venezuela, RB
- Military expenditure (current LCU) — 10,941,500,000 trillion (2023)
- Military expenditure (current USD) — 2.13 billion (2017)
- Military expenditure (% of GDP) — 2.23% (2017)
- Armed forces personnel, total — 343,000 (2020)
- Intentional homicides (per 100,000 people) — 12.65 (2022)
- Armed forces personnel (% of total labor force) — 3.47% (2020)
- Intentional homicides, female (per 100,000 female) — 5.12 (2017)
- Intentional homicides, male (per 100,000 male) — 90.07 (2017)
- Statistical performance indicators (SPI): Pillar 1 data use score (scale 0-100) — 60 (2024)
Reading data like this
Questions people ask
- What is Venezuela, RB's arms imports (SIPRI trend indicator values)?
- 98 million in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 53.13% from 64 million in 1960 (0.68% a year on average, compounded). The highest value was 1.01 billion in 2013 and the lowest 1 million in 1994.
- How does Venezuela, RB rank?
- 1st highest of 13 economies with data for 2023.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Arms Transfers Programme, Stockholm International Peace Research Institute (SIPRI), uri: https://armstransfers.sipri.org/ArmsTransfer/.
Source
World Bank, World Development Indicators, indicator MS.MIL.MPRT.KD, licensed CC BY 4.0. Original source: Arms Transfers Programme, Stockholm International Peace Research Institute (SIPRI), uri: https://armstransfers.sipri.org/ArmsTransfer/ 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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