Canada Military Expenditure (USD)
$29.3B▲ +$2.1B
Dec 2024 · Annual
Military Expenditure (USD) in Canada rose to $29.3B in Dec 2024 from $27.2B in Dec 2023.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| $29.3B | $27.2B | $29.3BDec 2024 | $1.6BDec 1965 | 1960 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Military Expenditure | 1.3% | 1.3% | 4.2% | 1.0% | Dec 2024 | Annual |
| GDP | $2.32T | $2.27T | $2.32T | $40.6B | Dec 2025 | Annual |
About this series
Military Expenditure (USD) in Canada averaged $15.9B from 1960 until 2024, reaching an all-time high of $29.3B in Dec 2024 and a record low of $1.6B in Dec 1965. The series is reported yearly with history from 1960.
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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