Military expenditure (current USD), gaps filled in Australia

Australia: Military expenditure (current USD), gaps filled was 33.82 billion current USD in 2024. ◆ Volatile

Latest (2024)
33.82 billion current USD
Change on year
up 4.4%
World rank
15th
of 167 countries
All-time high
33.82 billion current USD
in 2024
All-time low
459.76 million current USD
in 1960
Years of data
65
1960–2024

Military expenditure (current USD), gaps filled in Australia, 1960–2024

010.0B20.0B30.0B196019922024

Source: Statizoid (derived). Measured in current USD.

Analysis

The most recent figure for military expenditure (current usd), gaps filled in Australia is 33.82 billion current USD, measured in 2024. That is the highest value across all 65 years on record.

The figure is up 4.4% on the previous year and up 31.2% over ten years.

Over the whole period, military expenditure (current usd), gaps filled in Australia peaked at 33.82 billion current USD in 2024 and was at its lowest, 459.76 million current USD, in 1960.

That places Australia 15th out of 167 countries with data for 2024, putting it in the top 10%.

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

Averages by decade

DecadeAverage LowestHighest Years
1960s 823.76 million current USD 459.76 million current USD 1.32 billion current USD 10
1970s 2.12 billion current USD 1.28 billion current USD 3.10 billion current USD 10
1980s 4.81 billion current USD 3.66 billion current USD 6.30 billion current USD 10
1990s 7.35 billion current USD 6.70 billion current USD 8.20 billion current USD 10
2000s 12.64 billion current USD 7.04 billion current USD 18.96 billion current USD 10
2010s 25.77 billion current USD 23.22 billion current USD 27.69 billion current USD 10
2020s 31.73 billion current USD 27.30 billion current USD 33.82 billion current USD 5

Countries ranked near Australia

  1. 12 Israel 46.51 billion current USD compare
  2. 13 Poland 38.00 billion current USD compare
  3. 14 Italy 37.96 billion current USD compare
  4. 16 Canada 29.35 billion current USD compare
  5. 17 Türkiye 24.98 billion current USD compare
  6. 18 Spain 24.62 billion current USD compare

See the full ranking of 211 places →

More public sector data for Australia

All data for Australia →

Frequently asked questions

What is military expenditure (current usd), gaps filled in Australia?
Military expenditure (current usd), gaps filled in Australia was 33.82 billion current USD in 2024, according to Statizoid (derived).
What is the highest military expenditure (current usd), gaps filled recorded in Australia?
The highest recorded value was 33.82 billion current USD in 2024.
What is the lowest military expenditure (current usd), gaps filled recorded in Australia?
The lowest recorded value was 459.76 million current USD in 1960.
How does Australia rank for military expenditure (current usd), gaps filled?
Australia ranks 15th out of 167 countries with data for 2024.
Is military expenditure (current usd), gaps filled rising or falling in Australia?
Over the last ten years it is up 31.2%. The long-run trend across the full record is volatile.
Where does this Australia data come from?
The figures come from Statizoid (derived), published as part of Military expenditure (current USD), gaps filled. Statizoid updates them automatically from the source API.

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Military expenditure (current USD), gaps filled in Australia. Statizoid, drawing on Statizoid (derived). Retrieved 21 August 2026, from https://public-sector.statizoid.com/stat/military-expenditure-current-usd-gaps-filled/australia/

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<a href="https://public-sector.statizoid.com/stat/military-expenditure-current-usd-gaps-filled/australia/">Military expenditure (current USD), gaps filled in Australia</a> — Statizoid

How this figure is calculated

Military expenditure (current USD) with 107 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Military expenditure (current USD), gaps filled
Unit
current USD
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
211 places, 10,708 data points, 1960–2024
Last refreshed

Military expenditure (current USD) with 107 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.