Australia: Military spending

* indicates monthly or quarterly data series
 Australia

Military spending, in billion U.S. dollars

 Latest value 32.30
 Year 2022
 Measure billion U.S. dollars
 Data availability 1960 - 2022
 Average 9.96
 Min - Max 0.46 - 32.72
 Source Stockholm International Peace Research Institute
The latest value from 2022 is 32.3 billion U.S. dollars, a decline from 32.72 billion U.S. dollars in 2021. In comparison, the world average is 14.63 billion U.S. dollars, based on data from 150 countries. Historically, the average for Australia from 1960 to 2022 is 9.96 billion U.S. dollars. The minimum value, 0.46 billion U.S. dollars, was reached in 1960 while the maximum of 32.72 billion U.S. dollars was recorded in 2021. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Australia - Military spending - Recent values chart

Historical series
Australia - Military spending - historical chart - 1960-2022




Definition: Military spending includes expenditure on peacekeeping, defense ministries, paramilitary forces, and military space activities. Also: military and civil personnel, including retirement pensions; operations and maintenance; procurement; military research and development; and military aid. Defense and current expenditure for past military activities, such as for veterans' benefits, demobilization, conversion, and weapon destruction, are not included.

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 Related indicators Latest Reference Measure
 Military spending 32.30 2022 billion U.S. dollars
 Military spending, percent of GDP 1.90 2022 percent
 Military spending, percent of government spending 5.02 2022 percent
 Armed forces 60,000 2020 people
 Armed forces, percent of labor force 0.44 2020 percent
 Arms exports 33.00 2022 million U.S. dollars
 Arms imports 761.00 2022 dollars
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