Military expenditure in New Zealand
New Zealand: Military expenditure was 3.00 billion current USD in 2024. ◆ Volatile
Military expenditure in New Zealand, 1960–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
The most recent figure for military expenditure in New Zealand is 3.00 billion current USD, measured in 2024.
The figure is down 1.0% on the previous year and up 50.3% over ten years.
Over the whole period, military expenditure in New Zealand peaked at 3.03 billion current USD in 2023 and was at its lowest, 96.32 million current USD, in 1962.
New Zealand ranks 55th of 166 countries on this measure, 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
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 122.55 million current USD | 96.32 million current USD | 149.59 million current USD | 10 |
| 1970s | 279.35 million current USD | 171.92 million current USD | 436.89 million current USD | 10 |
| 1980s | 711.15 million current USD | 529.19 million current USD | 961.84 million current USD | 10 |
| 1990s | 1.03 billion current USD | 866.79 million current USD | 1.24 billion current USD | 10 |
| 2000s | 1.20 billion current USD | 796.64 million current USD | 1.59 billion current USD | 10 |
| 2010s | 2.04 billion current USD | 1.73 billion current USD | 2.73 billion current USD | 10 |
| 2020s | 2.91 billion current USD | 2.81 billion current USD | 3.03 billion current USD | 5 |
Countries ranked near New Zealand
- 52 Argentina 4.18 billion current USD compare
- 53 Bangladesh 4.03 billion current USD compare
- 54 Azerbaijan 3.78 billion current USD compare
- 56 Slovakia 2.85 billion current USD compare
- 57 South Africa 2.84 billion current USD compare
- 58 Ecuador 2.70 billion current USD compare
More public sector data for New Zealand
- Arms imports 200.00 million SIPRI trend indicator values (2024)
- Tax revenue 29.5% (2024)
- Taxes on income, profits and capital gains 56.7% (2024)
- Taxes on goods and services 26.4% (2024)
- Net investment in nonfinancial assets 2.8% (2024)
- Net lending (+) / net borrowing (-) -2.3% (2024)
- Interest payments 4.7% (2024)
- Grants and other revenue 12.0% (2024)
- Interest payments 3.0% (2022)
- Other taxes 0.0% (2024)
Frequently asked questions
- What is military expenditure in New Zealand?
- Military expenditure in New Zealand was 3.00 billion current USD in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in New Zealand?
- The highest recorded value was 3.03 billion current USD in 2023.
- What is the lowest military expenditure recorded in New Zealand?
- The lowest recorded value was 96.32 million current USD in 1962.
- How does New Zealand rank for military expenditure?
- New Zealand ranks 55th out of 166 countries with data for 2024.
- Is military expenditure rising or falling in New Zealand?
- Over the last ten years it is up 50.3%. The long-run trend across the full record is volatile.
- Where does this New Zealand data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)