Military expenditure in Australia
Australia: Military expenditure was 33.82 billion current USD in 2024. ◆ Volatile
Military expenditure in Australia, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
Australia recorded 33.82 billion current USD for military expenditure in 2024. That is the highest value across all 65 years on record.
That represents a change of up 4.4% on the previous year and up 31.2% over ten years.
Over the whole period, military expenditure in Australia peaked at 33.82 billion current USD in 2024 and was at its lowest, 459.76 million current USD, in 1960.
Australia ranks 15th of 167 countries on this measure, in the top 10%.
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 | 823.76 million current USD | 459.76 million current USD | 1.32 billion current USD | 10 |
| 1970s | 2.12 billion current USD | 1.28 billion current USD | 3.10 billion current USD | 10 |
| 1980s | 4.81 billion current USD | 3.66 billion current USD | 6.30 billion current USD | 10 |
| 1990s | 7.35 billion current USD | 6.70 billion current USD | 8.20 billion current USD | 10 |
| 2000s | 12.64 billion current USD | 7.04 billion current USD | 18.96 billion current USD | 10 |
| 2010s | 25.77 billion current USD | 23.22 billion current USD | 27.69 billion current USD | 10 |
| 2020s | 31.73 billion current USD | 27.30 billion current USD | 33.82 billion current USD | 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 33.82 billion current USD 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 33.82 billion current USD in 2024.
- What is the lowest military expenditure recorded in Australia?
- The lowest recorded value was 459.76 million current USD in 1960.
- How does Australia rank for military expenditure?
- Australia ranks 15th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Australia?
- Over the last ten years it is up 31.2%. 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 USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)