Australia vs Canada: Military spending

Australia

35.26 billion constant 2024 US$

in 2025

Canada

37.53 billion constant 2024 US$

in 2025

Australia rank

17th

Canada rank

16th

Military spending over time

Australia
Canada

How they compare

Canada currently reports 37.53 billion constant 2024 US$ against 35.26 billion constant 2024 US$ in Australia, a difference of 2.27 billion constant 2024 US$.

That makes Canada's figure about 1.1 times Australia's.

The two have swapped places 4 times across 76 shared years of data; in 1950 it was Canada ahead.

Australia ranks 17th and Canada ranks 16th of 162 countries.

Individual pages

About this data

Indicator: Military spending
Unit: constant 2024 US$
Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data
Licence: CC BY 4.0 (Our World in Data)
Coverage: 162 places, 8,341 data points, 1949–2025
Last refreshed: 07 August 2026

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.