Military spending in New Zealand

New Zealand: Military spending was 3.61 billion constant 2022 US$ in 2023. ◆ Volatile

Latest (2023)
3.61 billion constant 2022 US$
Change on year
up 3.3%
World rank
59th
of 172 countries
All-time high
6.55 billion constant 2022 US$
in 1944
All-time low
3.04 million constant 2022 US$
in 1930
Years of data
104
1920–2023

Military spending in New Zealand, 1920–2023

02.0B4.0B6.0B192019712023

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

Analysis

In 2023, military spending in New Zealand stood at 3.61 billion constant 2022 US$.

Compared with earlier readings it is up 3.3% on the previous year and up 34.9% over ten years.

Over the whole period, military spending in New Zealand peaked at 6.55 billion constant 2022 US$ in 1944 and was at its lowest, 3.04 million constant 2022 US$, in 1930.

That places New Zealand 59th out of 172 countries with data for 2023, putting it in the middle of the range.

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

Averages by decade

DecadeAverage LowestHighest Years
1920s 42.71 million constant 2022 US$ 3.22 million constant 2022 US$ 58.79 million constant 2022 US$ 10
1930s 61.98 million constant 2022 US$ 3.04 million constant 2022 US$ 140.27 million constant 2022 US$ 10
1940s 2.45 billion constant 2022 US$ 156.71 million constant 2022 US$ 6.55 billion constant 2022 US$ 10
1950s 593.33 million constant 2022 US$ 341.54 million constant 2022 US$ 713.25 million constant 2022 US$ 10
1960s 754.25 million constant 2022 US$ 638.89 million constant 2022 US$ 890.50 million constant 2022 US$ 10
1970s 918.73 million constant 2022 US$ 811.99 million constant 2022 US$ 1.08 billion constant 2022 US$ 10
1980s 1.32 billion constant 2022 US$ 1.13 billion constant 2022 US$ 1.61 billion constant 2022 US$ 10
1990s 1.48 billion constant 2022 US$ 1.30 billion constant 2022 US$ 1.67 billion constant 2022 US$ 10
2000s 1.67 billion constant 2022 US$ 1.26 billion constant 2022 US$ 1.98 billion constant 2022 US$ 10
2010s 2.75 billion constant 2022 US$ 2.09 billion constant 2022 US$ 3.51 billion constant 2022 US$ 10
2020s 3.60 billion constant 2022 US$ 3.50 billion constant 2022 US$ 3.66 billion constant 2022 US$ 4

Countries ranked near New Zealand

  1. 56 Nigeria 4.07 billion constant 2022 US$ compare
  2. 57 Azerbaijan 3.76 billion constant 2022 US$ compare
  3. 58 South Africa 3.63 billion constant 2022 US$ compare
  4. 60 Peru 3.56 billion constant 2022 US$ compare
  5. 61 Myanmar 3.30 billion constant 2022 US$ compare
  6. 62 Syria 3.22 billion constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for New Zealand

All data for New Zealand →

Frequently asked questions

What is military spending in New Zealand?
Military spending in New Zealand was 3.61 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 New Zealand?
The highest recorded value was 6.55 billion constant 2022 US$ in 1944.
What is the lowest military spending recorded in New Zealand?
The lowest recorded value was 3.04 million constant 2022 US$ in 1930.
How does New Zealand rank for military spending?
New Zealand ranks 59th out of 172 countries with data for 2023.
Is military spending rising or falling in New Zealand?
Over the last ten years it is up 34.9%. The long-run trend across the full record is volatile.
Where does this New Zealand 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.

Download this data

CSV · JSON — 104 observations, free to reuse under CC BY 4.0 (Our World in Data).

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.