Military expenditure in Australia
Australia: Military expenditure was 51.41 billion current LCU in 2024. ◆ Volatile
Military expenditure in Australia, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
In 2024, military expenditure in Australia stood at 51.41 billion current LCU. That is the highest value across all 65 years on record.
That represents a change of up 5.3% on the previous year and up 79.7% over ten years.
Over the whole period, military expenditure in Australia peaked at 51.41 billion current LCU in 2024 and was at its lowest, 410.50 million current LCU, in 1960.
That places Australia 84th out of 167 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 735.50 million current LCU | 410.50 million current LCU | 1.18 billion current LCU | 10 |
| 1970s | 1.76 billion current LCU | 1.14 billion current LCU | 2.77 billion current LCU | 10 |
| 1980s | 5.78 billion current LCU | 3.21 billion current LCU | 7.97 billion current LCU | 10 |
| 1990s | 10.20 billion current LCU | 8.59 billion current LCU | 12.04 billion current LCU | 10 |
| 2000s | 17.57 billion current LCU | 12.55 billion current LCU | 24.31 billion current LCU | 10 |
| 2010s | 30.78 billion current LCU | 25.31 billion current LCU | 37.50 billion current LCU | 10 |
| 2020s | 46.05 billion current LCU | 39.67 billion current LCU | 51.41 billion current LCU | 5 |
Countries ranked near Australia
More public sector data for Australia
- Arms imports 983.00 million SIPRI trend indicator values (2024)
- Tax revenue 23.6% (2022)
- Taxes on income, profits and capital gains 67.9% (2022)
- Taxes on goods and services 17.8% (2022)
- Net investment in nonfinancial assets 0.8% (2022)
- Net lending (+) / net borrowing (-) -1.3% (2022)
- Interest payments 3.1% (2022)
- Grants and other revenue 11.5% (2022)
- Interest payments 3.0% (2022)
- Other taxes 0.2% (2022)
Frequently asked questions
- What is military expenditure in Australia?
- Military expenditure in Australia was 51.41 billion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Australia?
- The highest recorded value was 51.41 billion current LCU in 2024.
- What is the lowest military expenditure recorded in Australia?
- The lowest recorded value was 410.50 million current LCU in 1960.
- How does Australia rank for military expenditure?
- Australia ranks 84th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Australia?
- Over the last ten years it is up 79.7%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Military expenditure in local currency at current prices (by calendar year)