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Peru Military Spending

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

Peru's military spending was 0.93% in 2025, ranked 116th globally. This represents a 2.2% increase from 2024. Data from World Bank, covering 1960–2025.

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.

Peru's military spending has exhibited a significant decline over the years, with the latest figure standing at 0.93% of its GDP, ranking 116 globally. This marked decrease is particularly evident when compared to its all-time peak of 8.21% in 1977, a year that saw Peru's military involvement in the country's tumultuous politics. Conversely, the current low is remarkably close to the all-time trough of 0.91% recorded in 2024. In comparison, Kenya's military spending stands at a similar 0.94% of its GDP, highlighting Peru's unique trajectory. The country's shift towards reducing military expenditure may be attributed to its efforts to consolidate democracy and redirect resources towards development and social welfare programs. However, a resurgence in regional security concerns or an escalation in domestic unrest could potentially alter the trajectory of Peru's military spending, necessitating a reappraisal of its defense priorities and budget allocations.

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 October 19, 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} }
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