Australia Military Expenditure
1.9%▲ +0.0%
Dec 2024 · Annual
Australia's military expenditure rose to 1.88% of GDP in 2024, up from 1.86% in the previous year. The figure remains well below its all-time high of 3.84% recorded in 1968 and above the series low of 1.64% seen in 2013. The annual data series spans from 1960.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 1.9% | 1.9% | 3.8%Dec 1968 | 1.6%Dec 2013 | 1960 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Government Debt to GDP | 51.0% | 50.6% | 56.9% | 9.6% | Dec 2025 | Annual |
| Military Expenditure (USD) | $33.8B | $32.4B | $33.8B | $459.8M | Dec 2024 | Annual |
About this series
Military Expenditure in Australia averaged 1.9% from 1960 until 2024, reaching an all-time high of 3.8% in Dec 1968 and a record low of 1.6% in Dec 2013. The series is reported yearly with history from 1960.
Military expenditure measures Australia's spending on defense as a share of GDP, expressed in both US dollars and percentage of GDP. Data is reported annually. The series covers the period from 1960 to 2024.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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