Military spending gmsd in Canada

Canada: Military spending gmsd was 32.57 billion in 2023. ◆ Volatile

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

Military spending gmsd in Canada, 1920–2023

020.0B40.0B60.0B192019712023

Source: Our World in Data.

Analysis

The most recent figure for military spending gmsd in Canada is 32.57 billion, 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 gmsd in Canada peaked at 53.85 billion in 1943 and was at its lowest, 120.06 million, 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 gmsd in Canada, year by year

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

Canada compared with similar countries

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

Biggest year-on-year movements

Years where Military spending gmsd 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 11.85 billion
1939 +269.2% 534.60 million 1.97 billion
1942 +105.8% 16.32 billion 33.59 billion
1951 +93.4% 4.14 billion 8.00 billion
1947 -80.0% 18.71 billion 3.74 billion
1952 +81.2% 8.00 billion 14.49 billion

Averages by decade

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

Countries ranked near Canada

  1. 11 South Korea 57.02 billion compare
  2. 12 Italy 41.14 billion compare
  3. 13 Australia 38.94 billion compare
  4. 15 Israel 31.61 billion compare
  5. 16 Brazil 27.35 billion compare
  6. 17 Poland 26.65 billion 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 gmsd in Canada?
Military spending gmsd in Canada was 32.57 billion in 2023, according to Our World in Data.
What is the highest military spending gmsd recorded in Canada?
The highest recorded value was 53.85 billion in 1943.
What is the lowest military spending gmsd recorded in Canada?
The lowest recorded value was 120.06 million in 1920.
How does Canada rank for military spending gmsd?
Canada ranks 14th out of 172 countries with data for 2023.
Is military spending gmsd 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 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 Canada. Statizoid, drawing on Our World in Data. Retrieved 14 November 2026, from https://reference.statizoid.com/stat/military-spending-gmsd/canada/

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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