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Peru Military Spending

Military expenditure as % of GDP  MS.MIL.XPND.GD.ZS

0.93% +0.02% (+2.2%)
Year 2025 Rank #116 Global Peak 8.21% (1977) Source World Bank

Peru Military Spending (1960–2025)

Overview

Peru's military spending stood at 0.93% in 2025, a rise of +0.02% from 2024. Based on recent trends, this figure is projected to reach 0.93% by 2025. Peru ranked 116th globally.

Data & projection

Year Military Spending YoY change Rank
2027* trend 0.78% - -
2026* trend 0.85% - -
2025* trend 0.93% - -
2025 0.93% +0.02% #116
2024 0.91% −0.33% #31
2023 1.24% +0.10% #50
2022 1.14% −0.03% #44
2021 1.16% −0.15% #48
2020 1.32% +0.11% #54
2019 1.21% +0.02% #54
2018 1.19% −0.08% #57
2017 1.27% −0.06% #66
2016 1.32% −0.42% #69
2015 1.75% +0.14% #94
2014 1.60% −0.04% #89
2013 1.64% +0.16% #94
2012 1.48% +0.11% #82
2011 1.37% −0.11% #71
Show all years (1960-2025)
* Linear trend extrapolation

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +11.0% GDP growth 3.3% C/A balance 2.2%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Peru matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw military spending improve within 24 months. View full analysis →

Frequently Asked Questions

What is Peru's military spending?

Peru's military spending was 0.93% in 2025. Ranked 116th globally. This represents a 2.2% increase from the previous year.

What was the highest military spending in Peru?

Peru's military spending peaked at 8.21% in 1977.

What was the lowest military spending in Peru?

The lowest military spending in Peru was 0.91% in 2024.

How does Peru rank in military spending?

Peru ranks 116th globally in military spending as of 2025.

What is the World Bank indicator code for military spending?

The World Bank indicator code is MS.MIL.XPND.GD.ZS. Data sourced from World Bank.

What is the projected military spending of Peru in 2025?

Peru's military spending is projected to reach 0.93% by 2025 based on trend extrapolation.

What is the military spending of Peru in 2025?

The military spending of Peru in 2025 was 0.93%. This ranks 116th in the world.

Cite this page

APA
Peru Military Spending. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/peru/military-spending
BibTeX
@misc{historysaid_peru_military-spending, title = {Peru Military Spending}, url = {https://historysaid.com/peru/military-spending}, publisher = {HistorySaid}, year = {2026} }