{"entity":{"iso2":"AU","iso3":"AUS","name":"Australia","slug":"australia"},"indicator":{"licence":"CC BY 4.0 (Our World in Data)","slug":"military-spending-sipri","source":"Stockholm International Peace Research Institute (2026) \u2013 with minor processing by Our World in Data","source_url":"https://ourworldindata.org/grapher/military-spending-sipri","title":"Military spending","unit":"constant 2024 US$"},"observations":[{"date":"1950-01-01","value":3192850000.0},{"date":"1951-01-01","value":4586030000.0},{"date":"1952-01-01","value":5857110000.0},{"date":"1953-01-01","value":5895430000.0},{"date":"1954-01-01","value":5287590000.0},{"date":"1955-01-01","value":5369780000.0},{"date":"1956-01-01","value":5204070000.0},{"date":"1957-01-01","value":4995340000.0},{"date":"1958-01-01","value":4949440000.0},{"date":"1959-01-01","value":4977620000.0},{"date":"1960-01-01","value":4897140000.0},{"date":"1961-01-01","value":4893500000.0},{"date":"1962-01-01","value":5099720000.0},{"date":"1963-01-01","value":5734470000.0},{"date":"1964-01-01","value":6639850000.0},{"date":"1965-01-01","value":7668530000.0},{"date":"1966-01-01","value":9332500000.0},{"date":"1967-01-01","value":10978600000.0},{"date":"1968-01-01","value":11799900000.0},{"date":"1969-01-01","value":11406900000.0},{"date":"1970-01-01","value":10664800000.0},{"date":"1971-01-01","value":10363700000.0},{"date":"1972-01-01","value":10368300000.0},{"date":"1973-01-01","value":9931990000.0},{"date":"1974-01-01","value":9794770000.0},{"date":"1975-01-01","value":9953480000.0},{"date":"1976-01-01","value":10105900000.0},{"date":"1977-01-01","value":10159100000.0},{"date":"1978-01-01","value":10271100000.0},{"date":"1979-01-01","value":10614800000.0},{"date":"1980-01-01","value":11162400000.0},{"date":"1981-01-01","value":11918400000.0},{"date":"1982-01-01","value":12530100000.0},{"date":"1983-01-01","value":12962000000.0},{"date":"1984-01-01","value":13974600000.0},{"date":"1985-01-01","value":14652900000.0},{"date":"1986-01-01","value":14737000000.0},{"date":"1987-01-01","value":14236400000.0},{"date":"1988-01-01","value":13731200000.0},{"date":"1989-01-01","value":13615500000.0},{"date":"1990-01-01","value":13682600000.0},{"date":"1991-01-01","value":13916000000.0},{"date":"1992-01-01","value":14321900000.0},{"date":"1993-01-01","value":14864700000.0},{"date":"1994-01-01","value":15031000000.0},{"date":"1995-01-01","value":14559700000.0},{"date":"1996-01-01","value":14381400000.0},{"date":"1997-01-01","value":14639300000.0},{"date":"1998-01-01","value":15356000000.0},{"date":"1999-01-01","value":16107200000.0},{"date":"2000-01-01","value":16063300000.0},{"date":"2001-01-01","value":16699200000.0},{"date":"2002-01-01","value":17417200000.0},{"date":"2003-01-01","value":17741600000.0},{"date":"2004-01-01","value":18473100000.0},{"date":"2005-01-01","value":19118200000.0},{"date":"2006-01-01","value":20139800000.0},{"date":"2007-01-01","value":21377200000.0},{"date":"2008-01-01","value":22156600000.0},{"date":"2009-01-01","value":23825700000.0},{"date":"2010-01-01","value":24102900000.0},{"date":"2011-01-01","value":23769000000.0},{"date":"2012-01-01","value":22936000000.0},{"date":"2013-01-01","value":22736800000.0},{"date":"2014-01-01","value":24676800000.0},{"date":"2015-01-01","value":27201500000.0},{"date":"2016-01-01","value":29786800000.0},{"date":"2017-01-01","value":29733600000.0},{"date":"2018-01-01","value":29023600000.0},{"date":"2019-01-01","value":29810500000.0},{"date":"2020-01-01","value":31267500000.0},{"date":"2021-01-01","value":33394900000.0},{"date":"2022-01-01","value":33625200000.0},{"date":"2023-01-01","value":33238900000.0},{"date":"2024-01-01","value":34231400000.0},{"date":"2025-01-01","value":35263600000.0}],"summary":{"latest_period":"2025-01-01","latest_value":35263600000.0,"max":35263600000.0,"mean":15384000000.0,"min":3192850000.0,"of":162,"rank":17,"trend":"volatile"}}