Economy
The World Bank — World Development Indicators (CC BY 4.0) · updated 2024-12-31
Australia's military expenditure stands at 1.88% as of 2024-12-31, up from 1.86% in 2023. Historical data runs from 1960 to 2024 (65 observations).
In 2024, Australia's military expenditure was 1.88%, up from 1.86% in 2023.
In 2023, Australia's military expenditure was 1.86%, down from 1.88% in 2022.
In 2022, Australia's military expenditure was 1.88%, down from 1.98% in 2021.
In 2021, Australia's military expenditure was 1.98%, down from 2.01% in 2020.
In 2020, Australia's military expenditure was 2.01%, up from 1.88% in 2019.
| Year | Value | Change |
|---|---|---|
| 2024 | 1.88% | +0.0222% |
| 2023 | 1.86% | -0.0217% |
| 2022 | 1.88% | -0.0952% |
| 2021 | 1.98% | -0.0289% |
| 2020 | 2.01% | +0.1274% |
| 2019 | 1.88% | -0.0156% |
| 2018 | 1.9% | -0.1095% |
| 2017 | 2.01% | -0.0845% |
| 2016 | 2.09% | +0.1373% |
| 2015 | 1.95% | +0.1799% |
| 2014 | 1.77% | +0.1342% |
| 2013 | 1.64% | -0.0321% |
| 2012 | 1.67% | -0.085% |
| 2011 | 1.76% | -0.0973% |
| 2010 | 1.85% | -0.0711% |
| 2009 | 1.92% | +0.1275% |
| 2008 | 1.8% | -0.0151% |
| 2007 | 1.81% | -0.0065% |
| 2006 | 1.82% | +0.0214% |
| 2005 | 1.8% | -0.0258% |
| 2004 | 1.82% | -0.0205% |
| 2003 | 1.84% | -0.0255% |
| 2002 | 1.87% | +0.0051% |
| 2001 | 1.86% | +0.0386% |
| 2000 | 1.82% | -0.063% |
| 1999 | 1.89% | +0.0185% |
| 1998 | 1.87% | +0.004% |
| 1997 | 1.86% | -0.0649% |
| 1996 | 1.93% | -0.0899% |
| 1995 | 2.02% | -0.0941% |
| 1994 | 2.11% | -0.0617% |
| 1993 | 2.18% | +0.0077% |
| 1992 | 2.17% | +0.0037% |
| 1991 | 2.16% | +0.0877% |
| 1990 | 2.08% | +0.0278% |
| 1989 | 2.05% | -0.1122% |
| 1988 | 2.16% | -0.2122% |
| 1987 | 2.37% | -0.1674% |
| 1986 | 2.54% | +0.0172% |
| 1985 | 2.52% | +0.018% |
| 1984 | 2.51% | -0.0146% |
| 1983 | 2.52% | +0.1265% |
| 1982 | 2.39% | +0.0967% |
| 1981 | 2.3% | +0.0476% |
| 1980 | 2.25% | +0.0562% |
| 1979 | 2.19% | -0.023% |
| 1978 | 2.22% | -0.0315% |
| 1977 | 2.25% | +0.0306% |
| 1976 | 2.22% | -0.0507% |
| 1975 | 2.27% | +0.0045% |
| 1974 | 2.26% | -0.1165% |
| 1973 | 2.38% | -0.3063% |
| 1972 | 2.69% | -0.0775% |
| 1971 | 2.76% | -0.2029% |
| 1970 | 2.97% | -0.4199% |
| 1969 | 3.39% | -0.4514% |
| 1968 | 3.84% | +0.0435% |
| 1967 | 3.79% | +0.3424% |
| 1966 | 3.45% | +0.4991% |
| 1965 | 2.95% | +0.3041% |
| 1964 | 2.65% | +0.2016% |
| 1963 | 2.45% | +0.0829% |
| 1962 | 2.36% | -0.0514% |
| 1961 | 2.42% | +0.0456% |
| 1960 | 2.37% | — |
The World Bank — World Development Indicators (CC BY 4.0) · Download this series as CSV — free, attribution required (CC BY 4.0).
Australia's military expenditure is 1.88% as of 2024-12-31, compared with 1.86% in 2023. The World Bank — World Development Indicators (CC BY 4.0)
The highest recorded value is 3.84% (1968); the lowest is 1.64% (2013), across data from 1960 to 2024.
The World Bank — World Development Indicators (CC BY 4.0) Figures are republished with attribution and updated as the source releases new observations.