Australia Military Expenditure (USD)
$33.8B▲ +$1.4B
Dec 2024 · Annual
Australia's military expenditure reached USD 33,819,572,368 in 2024, up from USD 32,387,989,798 in 2023. The figure is the all-time high in a series spanning 1960 to 2024, and stands well above the all-time low of USD 459,760,073.56 recorded in 1960.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| $33.8B | $32.4B | $33.8BDec 2024 | $459.8MDec 1960 | 1960 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Military Expenditure | 1.9% | 1.9% | 3.8% | 1.6% | Dec 2024 | Annual |
| GDP | $1.80T | $1.76T | $1.80T | $18.6B | Dec 2025 | Annual |
About this series
Military Expenditure (USD) in Australia averaged $17.6B from 1960 until 2024, reaching an all-time high of $33.8B in Dec 2024 and a record low of $459.8M in Dec 1960. The series is reported yearly with history from 1960.
This indicator tracks military expenditure in current U.S. dollars for Australia. It is reported annually, and the series spans 1960 to 2024. Figures are denominated in nominal U.S. dollars, without adjustment for inflation, and each observation reflects the total amount of military spending for the calendar year.
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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