Military spending gmsd in Australia

Australia: Military spending gmsd was 38.94 billion in 2023. ◆ Volatile

Latest (2023)
38.94 billion
Change on year
up 1.8%
World rank
13th
of 172 countries
All-time high
38.94 billion
in 2023
All-time low
152.30 million
in 1920
Years of data
104
1920–2023

Military spending gmsd in Australia, 1920–2023

010.0B20.0B30.0B40.0B192019712023

Source: Our World in Data.

Analysis

Australia recorded 38.94 billion for military spending gmsd in 2023. That is the highest value across all 104 years on record.

Compared with earlier readings it is up 1.8% on the previous year and up 36.3% over ten years.

Over the whole period, military spending gmsd in Australia peaked at 38.94 billion in 2023 and was at its lowest, 152.30 million, in 1920.

That places Australia 13th out of 172 countries with data for 2023, putting it in the top 10%.

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

Military spending gmsd in Australia, year by year

Annual values for Military spending gmsd in Australia, 1920 to 2023.
Year Value Change
1920 152.30 million —
1921 199.47 million +31.0%
1922 290.32 million +45.5%
1923 291.20 million +0.3%
1924 307.09 million +5.5%
1925 334.55 million +8.9%
1926 350.58 million +4.8%
1927 378.36 million +7.9%
1928 344.51 million -8.9%
1929 303.66 million -11.9%
1930 247.94 million -18.4%
1931 196.15 million -20.9%
1932 189.15 million -3.6%
1933 183.73 million -2.9%
1934 252.54 million +37.4%
1935 298.26 million +18.1%
1936 479.76 million +60.9%
1937 566.87 million +18.2%
1938 710.40 million +25.3%
1939 1.07 billion +50.8%
1940 3.06 billion +185.2%
1941 8.31 billion +171.8%
1942 14.76 billion +77.7%
1943 24.00 billion +62.6%
1944 23.52 billion -2.0%
1945 15.38 billion -34.6%
1946 11.23 billion -27.0%
1947 4.31 billion -61.7%
1948 2.72 billion -36.9%
1949 2.47 billion -9.2%
1950 1.69 billion -31.5%
1951 2.72 billion +61.2%
1952 4.14 billion +52.0%
1953 4.04 billion -2.4%
1954 3.92 billion -2.9%
1955 3.72 billion -5.0%
1956 3.93 billion +5.5%
1957 3.75 billion -4.4%
1958 3.59 billion -4.4%
1959 3.39 billion -5.6%
1960 3.01 billion -11.2%
1961 2.72 billion -9.5%
1962 2.47 billion -9.3%
1963 2.33 billion -5.6%
1964 2.52 billion +8.3%
1965 2.79 billion +10.7%
1966 4.01 billion +43.4%
1967 4.99 billion +24.7%
1968 5.99 billion +20.0%
1969 6.38 billion +6.5%
1970 5.73 billion -10.2%
1971 6.62 billion +15.6%
1972 7.35 billion +10.9%
1973 7.37 billion +0.2%
1974 9.19 billion +24.8%
1975 9.33 billion +1.5%
1976 9.81 billion +5.2%
1977 9.36 billion -4.6%
1978 9.04 billion -3.4%
1979 9.77 billion +8.0%
1980 10.28 billion +5.2%
1981 10.47 billion +1.9%
1982 10.74 billion +2.5%
1983 10.40 billion -3.2%
1984 10.62 billion +2.2%
1985 9.49 billion -10.6%
1986 10.95 billion +15.4%
1987 11.19 billion +2.2%
1988 11.65 billion +4.1%
1989 11.37 billion -2.4%
1990 11.45 billion +0.7%
1991 11.82 billion +3.2%
1992 12.77 billion +8.0%
1993 12.75 billion -0.1%
1994 13.18 billion +3.3%
1995 13.18 billion +0.0%
1996 12.91 billion -2.0%
1997 13.06 billion +1.2%
1998 12.98 billion -0.6%
1999 12.55 billion -3.3%
2000 12.27 billion -2.2%
2001 12.22 billion -0.4%
2002 13.16 billion +7.7%
2003 17.76 billion +35.0%
2004 20.13 billion +13.4%
2005 20.06 billion -0.4%
2006 21.77 billion +8.5%
2007 24.58 billion +12.9%
2008 25.95 billion +5.6%
2009 24.67 billion -5.0%
2010 26.62 billion +7.9%
2011 29.21 billion +9.7%
2012 29.62 billion +1.4%
2013 28.58 billion -3.5%
2014 27.25 billion -4.6%
2015 27.95 billion +2.6%
2016 28.88 billion +3.3%
2017 31.70 billion +9.8%
2018 33.72 billion +6.4%
2019 37.16 billion +10.2%
2020 36.59 billion -1.5%
2021 37.69 billion +3.0%
2022 38.26 billion +1.5%
2023 38.94 billion +1.8%

Australia compared with similar countries

  • Australia's 38.94 billion is above the median for high income countries, which is 6.50 billion, 6.0× the median. (55 countries reporting)
  • Australia's 38.94 billion is above the median for East Asia & Pacific, which is 4.15 billion, 9.4× the median. (20 countries reporting)

Biggest year-on-year movements

Years where Military spending gmsd 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
1940 +185.2% 1.07 billion 3.06 billion
1941 +171.8% 3.06 billion 8.31 billion
1942 +77.7% 8.31 billion 14.76 billion
1947 -61.7% 11.23 billion 4.31 billion
1943 +62.6% 14.76 billion 24.00 billion
1936 +60.9% 298.26 million 479.76 million

Averages by decade

DecadeAverage LowestHighest Years
1920s 295.20 million 152.30 million 378.36 million 10
1930s 419.63 million 183.73 million 1.07 billion 10
1940s 10.97 billion 2.47 billion 24.00 billion 10
1950s 3.49 billion 1.69 billion 4.14 billion 10
1960s 3.72 billion 2.33 billion 6.38 billion 10
1970s 8.36 billion 5.73 billion 9.81 billion 10
1980s 10.72 billion 9.49 billion 11.65 billion 10
1990s 12.66 billion 11.45 billion 13.18 billion 10
2000s 19.26 billion 12.22 billion 25.95 billion 10
2010s 30.07 billion 26.62 billion 37.16 billion 10
2020s 37.87 billion 36.59 billion 38.94 billion 4

Countries ranked near Australia

  1. 10 Germany 62.28 billion compare
  2. 11 South Korea 57.02 billion compare
  3. 12 Italy 41.14 billion compare
  4. 14 Canada 32.57 billion compare
  5. 15 Israel 31.61 billion compare
  6. 16 Brazil 27.35 billion 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 gmsd in Australia?
Military spending gmsd in Australia was 38.94 billion in 2023, according to Our World in Data.
What is the highest military spending gmsd recorded in Australia?
The highest recorded value was 38.94 billion in 2023.
What is the lowest military spending gmsd recorded in Australia?
The lowest recorded value was 152.30 million in 1920.
How does Australia rank for military spending gmsd?
Australia ranks 13th out of 172 countries with data for 2023.
Is military spending gmsd rising or falling in Australia?
Over the last ten years it is up 36.3%. The long-run trend across the full record is volatile.
Where does this Australia data come from?
The figures come from Our World in Data, published as part of Military spending gmsd. Statizoid updates them automatically from the source API.

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Military spending gmsd in Australia. Statizoid, drawing on Our World in Data. Retrieved 13 November 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/australia/

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About this data

Indicator
Military spending gmsd
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed