Military Expenditure in Peru, 1960-2022

Peru’s military expenditure experienced sharp changes, shaped by political instability and insurgencies. Spending rose to 8.2% of GDP in 1977, driven by conflicts with guerrilla groups and territorial disputes. In the 1980s, expenditure declined as economic crises forced budget constraints, reaching 2.2% by 1988.

In the 2000s, Peru’s focus shifted toward economic growth, leading to further reductions in defense budgets, with spending stabilizing around 1.5% of GDP in recent years. By 2022, expenditure remained at 1.2%, reflecting the country’s continued prioritization of economic and social development over defense expansion.