Military spending, annual growth rate in Australia

Australia: Military spending, annual growth rate was 1.79 % change on previous year in 2023. ◆ Volatile

Latest (2023)
1.79 % change on previous year
Change on year
up 19.6%
World rank
136th
of 172 countries
All-time high
185.16 % change on previous year
in 1940
All-time low
-61.66 % change on previous year
in 1947
Years of data
103
1921–2023

Military spending, annual growth rate in Australia, 1921–2023

-50050100150200192119722023

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

Australia recorded 1.79 % change on previous year for military spending, annual growth rate in 2023.

The figure is up 19.6% on the previous year and up 150.8% over ten years.

Over the whole period, military spending, annual growth rate in Australia peaked at 185.16 % change on previous year in 1940 and was at its lowest, -61.66 % change on previous year, in 1947.

Australia ranks 136th of 172 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Military spending, annual growth rate in Australia, year by year

Annual values for Military spending, annual growth rate in Australia, 1921 to 2023.
Year % change on previous year Change
1921 30.98 % change on previous year
1922 45.54 % change on previous year +47.0%
1923 0.3048 % change on previous year -99.3%
1924 5.46 % change on previous year +1689.7%
1925 8.94 % change on previous year +63.9%
1926 4.79 % change on previous year -46.4%
1927 7.93 % change on previous year +65.4%
1928 -8.95 % change on previous year -212.9%
1929 -11.86 % change on previous year +32.5%
1930 -18.35 % change on previous year +54.8%
1931 -20.89 % change on previous year +13.8%
1932 -3.57 % change on previous year -82.9%
1933 -2.86 % change on previous year -19.7%
1934 37.45 % change on previous year -1407.2%
1935 18.1 % change on previous year -51.7%
1936 60.86 % change on previous year +236.1%
1937 18.16 % change on previous year -70.2%
1938 25.32 % change on previous year +39.5%
1939 50.83 % change on previous year +100.8%
1940 185.16 % change on previous year +264.3%
1941 171.84 % change on previous year -7.2%
1942 77.69 % change on previous year -54.8%
1943 62.57 % change on previous year -19.5%
1944 -1.99 % change on previous year -103.2%
1945 -34.59 % change on previous year +1636.3%
1946 -26.99 % change on previous year -22.0%
1947 -61.66 % change on previous year +128.5%
1948 -36.9 % change on previous year -40.2%
1949 -9.2 % change on previous year -75.1%
1950 -31.51 % change on previous year +242.5%
1951 61.17 % change on previous year -294.1%
1952 51.96 % change on previous year -15.0%
1953 -2.43 % change on previous year -104.7%
1954 -2.93 % change on previous year +20.6%
1955 -4.97 % change on previous year +69.7%
1956 5.48 % change on previous year -210.2%
1957 -4.43 % change on previous year -180.8%
1958 -4.4 % change on previous year -0.6%
1959 -5.59 % change on previous year +27.0%
1960 -11.22 % change on previous year +100.7%
1961 -9.5 % change on previous year -15.3%
1962 -9.31 % change on previous year -2.0%
1963 -5.6 % change on previous year -39.9%
1964 8.25 % change on previous year -247.5%
1965 10.7 % change on previous year +29.7%
1966 43.4 % change on previous year +305.5%
1967 24.66 % change on previous year -43.2%
1968 20.04 % change on previous year -18.7%
1969 6.46 % change on previous year -67.8%
1970 -10.2 % change on previous year -257.8%
1971 15.59 % change on previous year -252.9%
1972 10.92 % change on previous year -30.0%
1973 0.24 % change on previous year -97.8%
1974 24.76 % change on previous year +10212.5%
1975 1.5 % change on previous year -94.0%
1976 5.21 % change on previous year +248.1%
1977 -4.59 % change on previous year -188.1%
1978 -3.41 % change on previous year -25.7%
1979 8.01 % change on previous year -335.0%
1980 5.2 % change on previous year -35.1%
1981 1.9 % change on previous year -63.5%
1982 2.55 % change on previous year +34.2%
1983 -3.15 % change on previous year -223.6%
1984 2.16 % change on previous year -168.5%
1985 -10.64 % change on previous year -593.3%
1986 15.39 % change on previous year -244.6%
1987 2.18 % change on previous year -85.8%
1988 4.1 % change on previous year +88.1%
1989 -2.4 % change on previous year -158.6%
1990 0.7132 % change on previous year -129.7%
1991 3.2 % change on previous year +348.5%
1992 8.02 % change on previous year +150.6%
1993 -0.1065 % change on previous year -101.3%
1994 3.33 % change on previous year -3225.4%
1995 0.019 % change on previous year -99.4%
1996 -2.04 % change on previous year -10846.0%
1997 1.17 % change on previous year -157.4%
1998 -0.6377 % change on previous year -154.5%
1999 -3.31 % change on previous year +418.4%
2000 -2.23 % change on previous year -32.6%
2001 -0.3724 % change on previous year -83.3%
2002 7.66 % change on previous year -2155.4%
2003 34.97 % change on previous year +356.9%
2004 13.35 % change on previous year -61.8%
2005 -0.3933 % change on previous year -102.9%
2006 8.54 % change on previous year -2272.1%
2007 12.92 % change on previous year +51.3%
2008 5.58 % change on previous year -56.8%
2009 -4.96 % change on previous year -188.9%
2010 7.91 % change on previous year -259.6%
2011 9.74 % change on previous year +23.1%
2012 1.41 % change on previous year -85.6%
2013 -3.52 % change on previous year -350.5%
2014 -4.64 % change on previous year +31.7%
2015 2.55 % change on previous year -155.0%
2016 3.33 % change on previous year +30.6%
2017 9.77 % change on previous year +193.1%
2018 6.37 % change on previous year -34.8%
2019 10.2 % change on previous year +60.1%
2020 -1.54 % change on previous year -115.1%
2021 3.01 % change on previous year -296.0%
2022 1.49 % change on previous year -50.4%
2023 1.79 % change on previous year +19.6%

Australia compared with similar countries

  • Australia's 1.79 % change on previous year is below the median for high income countries, which is 5.57 % change on previous year, 32% of the median. (55 countries reporting)
  • Australia's 1.79 % change on previous year is below the median for East Asia & Pacific, which is 3.33 % change on previous year, 54% of the median. (20 countries reporting)

Biggest year-on-year movements

Years where Military spending, annual growth rate in Australia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1996 -10846.0% 0.019 % change on previous year -2.04 % change on previous year
1974 +10212.5% 0.24 % change on previous year 24.76 % change on previous year
1994 +3225.4% -0.1065 % change on previous year 3.33 % change on previous year
2006 +2272.1% -0.3933 % change on previous year 8.54 % change on previous year
2002 +2155.4% -0.3724 % change on previous year 7.66 % change on previous year
1924 +1689.7% 0.3048 % change on previous year 5.46 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1920s 9.24 % change on previous year -11.86 % change on previous year 45.54 % change on previous year 9
1930s 16.5 % change on previous year -20.89 % change on previous year 60.86 % change on previous year 10
1940s 32.59 % change on previous year -61.66 % change on previous year 185.16 % change on previous year 10
1950s 6.24 % change on previous year -31.51 % change on previous year 61.17 % change on previous year 10
1960s 7.79 % change on previous year -11.22 % change on previous year 43.4 % change on previous year 10
1970s 4.8 % change on previous year -10.2 % change on previous year 24.76 % change on previous year 10
1980s 1.73 % change on previous year -10.64 % change on previous year 15.39 % change on previous year 10
1990s 1.04 % change on previous year -3.31 % change on previous year 8.02 % change on previous year 10
2000s 7.51 % change on previous year -4.96 % change on previous year 34.97 % change on previous year 10
2010s 4.31 % change on previous year -4.64 % change on previous year 10.2 % change on previous year 10
2020s 1.19 % change on previous year -1.54 % change on previous year 3.01 % change on previous year 4

Countries ranked near Australia

  1. 133 Mauritania 2.18 % change on previous year compare
  2. 134 Sierra Leone 2.02 % change on previous year compare
  3. 135 Namibia 2.01 % change on previous year compare
  4. 137 Maldives 1.79 % change on previous year compare
  5. 138 Indonesia 1.67 % change on previous year compare
  6. 139 Guinea-Bissau 1.66 % change on previous year compare

See the full ranking of 172 places →

More reference data data for Australia

All data for Australia →

Frequently asked questions

What is military spending, annual growth rate in Australia?
Military spending, annual growth rate in Australia was 1.79 % change on previous year in 2023, according to Statizoid (derived).
What is the highest military spending, annual growth rate recorded in Australia?
The highest recorded value was 185.16 % change on previous year in 1940.
What is the lowest military spending, annual growth rate recorded in Australia?
The lowest recorded value was -61.66 % change on previous year in 1947.
How does Australia rank for military spending, annual growth rate?
Australia ranks 136th out of 172 countries with data for 2023.
Is military spending, annual growth rate rising or falling in Australia?
Over the last ten years it is up 150.8%. The long-run trend across the full record is volatile.
Where does this Australia data come from?
The figures come from Statizoid (derived), published as part of Military spending, annual growth rate. Statizoid updates them automatically from the source API.

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Military spending, annual growth rate in Australia. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/military-spending-annual-growth-rate-2/australia/

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How this figure is calculated

The year-on-year percentage change in Military spending. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Military spending, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
172 places, 15,188 data points, 1817–2023
Last refreshed

The year-on-year percentage change in Military spending. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.