Military spending in Canada

Canada: Military spending was 32.57 billion constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
32.57 billion constant 2022 US$
Change on year
up 8.2%
World rank
14th
of 172 countries
All-time high
53.85 billion constant 2022 US$
in 1943
All-time low
120.06 million constant 2022 US$
in 1920
Years of data
104
1920–2023

Military spending in Canada, 1920–2023

020.0B40.0B60.0B192019712023

Source: Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.

Analysis

The most recent figure for military spending in Canada is 32.57 billion constant 2022 US$, measured in 2023.

The figure is up 8.2% on the previous year and up 63.4% over ten years.

Over the whole period, military spending in Canada peaked at 53.85 billion constant 2022 US$ in 1943 and was at its lowest, 120.06 million constant 2022 US$, in 1920.

That places Canada 14th 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 in Canada, year by year

Annual values for Military spending in Canada, 1920 to 2023.
Year constant 2022 US$ Change
1920 120.06 million constant 2022 US$
1921 139.73 million constant 2022 US$ +16.4%
1922 150.54 million constant 2022 US$ +7.7%
1923 162.57 million constant 2022 US$ +8.0%
1924 155.95 million constant 2022 US$ -4.1%
1925 187.65 million constant 2022 US$ +20.3%
1926 197.79 million constant 2022 US$ +5.4%
1927 235.87 million constant 2022 US$ +19.3%
1928 255.89 million constant 2022 US$ +8.5%
1929 269.63 million constant 2022 US$ +5.4%
1930 277.67 million constant 2022 US$ +3.0%
1931 271.78 million constant 2022 US$ -2.1%
1932 266.25 million constant 2022 US$ -2.0%
1933 255.46 million constant 2022 US$ -4.1%
1934 323.33 million constant 2022 US$ +26.6%
1935 383.84 million constant 2022 US$ +18.7%
1936 404.55 million constant 2022 US$ +5.4%
1937 465.11 million constant 2022 US$ +15.0%
1938 534.60 million constant 2022 US$ +14.9%
1939 1.97 billion constant 2022 US$ +269.2%
1940 11.85 billion constant 2022 US$ +500.3%
1941 16.32 billion constant 2022 US$ +37.7%
1942 33.59 billion constant 2022 US$ +105.8%
1943 53.85 billion constant 2022 US$ +60.3%
1944 47.41 billion constant 2022 US$ -12.0%
1945 27.04 billion constant 2022 US$ -43.0%
1946 18.71 billion constant 2022 US$ -30.8%
1947 3.74 billion constant 2022 US$ -80.0%
1948 2.62 billion constant 2022 US$ -29.9%
1949 3.49 billion constant 2022 US$ +33.3%
1950 4.14 billion constant 2022 US$ +18.4%
1951 8.00 billion constant 2022 US$ +93.4%
1952 14.49 billion constant 2022 US$ +81.2%
1953 15.45 billion constant 2022 US$ +6.6%
1954 15.21 billion constant 2022 US$ -1.5%
1955 13.49 billion constant 2022 US$ -11.3%
1956 14.06 billion constant 2022 US$ +4.2%
1957 14.19 billion constant 2022 US$ +0.9%
1958 13.12 billion constant 2022 US$ -7.5%
1959 11.48 billion constant 2022 US$ -12.5%
1960 10.68 billion constant 2022 US$ -7.0%
1961 11.60 billion constant 2022 US$ +8.6%
1962 11.73 billion constant 2022 US$ +1.1%
1963 11.41 billion constant 2022 US$ -2.8%
1964 11.58 billion constant 2022 US$ +1.5%
1965 11.08 billion constant 2022 US$ -4.3%
1966 11.15 billion constant 2022 US$ +0.6%
1967 11.69 billion constant 2022 US$ +4.9%
1968 11.66 billion constant 2022 US$ -0.3%
1969 11.14 billion constant 2022 US$ -4.4%
1970 11.60 billion constant 2022 US$ +4.2%
1971 11.91 billion constant 2022 US$ +2.7%
1972 11.91 billion constant 2022 US$ -0.0%
1973 11.66 billion constant 2022 US$ -2.1%
1974 12.07 billion constant 2022 US$ +3.6%
1975 11.85 billion constant 2022 US$ -1.8%
1976 12.97 billion constant 2022 US$ +9.4%
1977 12.79 billion constant 2022 US$ -1.4%
1978 12.49 billion constant 2022 US$ -2.3%
1979 12.56 billion constant 2022 US$ +0.6%
1980 12.19 billion constant 2022 US$ -3.0%
1981 12.49 billion constant 2022 US$ +2.5%
1982 14.80 billion constant 2022 US$ +18.4%
1983 15.23 billion constant 2022 US$ +2.9%
1984 16.06 billion constant 2022 US$ +5.4%
1985 17.48 billion constant 2022 US$ +8.9%
1986 18.30 billion constant 2022 US$ +4.7%
1987 18.61 billion constant 2022 US$ +1.7%
1988 18.75 billion constant 2022 US$ +0.7%
1989 19.16 billion constant 2022 US$ +2.2%
1990 18.93 billion constant 2022 US$ -1.2%
1991 18.79 billion constant 2022 US$ -0.7%
1992 19.19 billion constant 2022 US$ +2.1%
1993 17.41 billion constant 2022 US$ -9.2%
1994 16.69 billion constant 2022 US$ -4.2%
1995 15.84 billion constant 2022 US$ -5.1%
1996 14.60 billion constant 2022 US$ -7.8%
1997 13.71 billion constant 2022 US$ -6.1%
1998 13.48 billion constant 2022 US$ -1.7%
1999 13.05 billion constant 2022 US$ -3.2%
2000 13.55 billion constant 2022 US$ +3.9%
2001 15.09 billion constant 2022 US$ +11.3%
2002 17.89 billion constant 2022 US$ +18.6%
2003 16.13 billion constant 2022 US$ -9.8%
2004 17.18 billion constant 2022 US$ +6.5%
2005 17.56 billion constant 2022 US$ +2.2%
2006 19.46 billion constant 2022 US$ +10.8%
2007 22.16 billion constant 2022 US$ +13.9%
2008 23.01 billion constant 2022 US$ +3.9%
2009 23.44 billion constant 2022 US$ +1.8%
2010 22.46 billion constant 2022 US$ -4.2%
2011 22.34 billion constant 2022 US$ -0.5%
2012 21.15 billion constant 2022 US$ -5.3%
2013 19.93 billion constant 2022 US$ -5.8%
2014 18.53 billion constant 2022 US$ -7.0%
2015 18.91 billion constant 2022 US$ +2.0%
2016 18.18 billion constant 2022 US$ -3.9%
2017 22.73 billion constant 2022 US$ +25.1%
2018 24.44 billion constant 2022 US$ +7.5%
2019 25.91 billion constant 2022 US$ +6.0%
2020 28.22 billion constant 2022 US$ +8.9%
2021 29.82 billion constant 2022 US$ +5.7%
2022 30.09 billion constant 2022 US$ +0.9%
2023 32.57 billion constant 2022 US$ +8.2%

Canada compared with similar countries

  • Canada's 32.57 billion constant 2022 US$ is above the median for high income countries, which is 6.50 billion constant 2022 US$, 5.0× the median. (55 countries reporting)

Biggest year-on-year movements

Years where Military spending in Canada 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 +500.3% 1.97 billion constant 2022 US$ 11.85 billion constant 2022 US$
1939 +269.2% 534.60 million constant 2022 US$ 1.97 billion constant 2022 US$
1942 +105.8% 16.32 billion constant 2022 US$ 33.59 billion constant 2022 US$
1951 +93.4% 4.14 billion constant 2022 US$ 8.00 billion constant 2022 US$
1947 -80.0% 18.71 billion constant 2022 US$ 3.74 billion constant 2022 US$
1952 +81.2% 8.00 billion constant 2022 US$ 14.49 billion constant 2022 US$

Averages by decade

DecadeAverage LowestHighest Years
1920s 187.57 million constant 2022 US$ 120.06 million constant 2022 US$ 269.63 million constant 2022 US$ 10
1930s 515.61 million constant 2022 US$ 255.46 million constant 2022 US$ 1.97 billion constant 2022 US$ 10
1940s 21.86 billion constant 2022 US$ 2.62 billion constant 2022 US$ 53.85 billion constant 2022 US$ 10
1950s 12.36 billion constant 2022 US$ 4.14 billion constant 2022 US$ 15.45 billion constant 2022 US$ 10
1960s 11.37 billion constant 2022 US$ 10.68 billion constant 2022 US$ 11.73 billion constant 2022 US$ 10
1970s 12.18 billion constant 2022 US$ 11.60 billion constant 2022 US$ 12.97 billion constant 2022 US$ 10
1980s 16.31 billion constant 2022 US$ 12.19 billion constant 2022 US$ 19.16 billion constant 2022 US$ 10
1990s 16.17 billion constant 2022 US$ 13.05 billion constant 2022 US$ 19.19 billion constant 2022 US$ 10
2000s 18.55 billion constant 2022 US$ 13.55 billion constant 2022 US$ 23.44 billion constant 2022 US$ 10
2010s 21.46 billion constant 2022 US$ 18.18 billion constant 2022 US$ 25.91 billion constant 2022 US$ 10
2020s 30.17 billion constant 2022 US$ 28.22 billion constant 2022 US$ 32.57 billion constant 2022 US$ 4

Countries ranked near Canada

  1. 11 South Korea 57.02 billion constant 2022 US$ compare
  2. 12 Italy 41.14 billion constant 2022 US$ compare
  3. 13 Australia 38.94 billion constant 2022 US$ compare
  4. 15 Israel 31.61 billion constant 2022 US$ compare
  5. 16 Brazil 27.35 billion constant 2022 US$ compare
  6. 17 Poland 26.65 billion constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Canada

All data for Canada →

Frequently asked questions

What is military spending in Canada?
Military spending in Canada was 32.57 billion constant 2022 US$ in 2023, according to Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
What is the highest military spending recorded in Canada?
The highest recorded value was 53.85 billion constant 2022 US$ in 1943.
What is the lowest military spending recorded in Canada?
The lowest recorded value was 120.06 million constant 2022 US$ in 1920.
How does Canada rank for military spending?
Canada ranks 14th out of 172 countries with data for 2023.
Is military spending rising or falling in Canada?
Over the last ten years it is up 63.4%. The long-run trend across the full record is volatile.
Where does this Canada data come from?
The figures come from Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

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Military spending in Canada. Statizoid, drawing on Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Retrieved 23 September 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/canada/

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About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

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.