Military Expenditure in Australia increased to 27395 USD Million in 2019 from 26840 USD Million in 2018. source: SIPRI

Military Expenditure in Australia averaged 12787.81 USD Million from 1950 until 2019, reaching an all time high of 27546 USD Million in 2016 and a record low of 2953 USD Million in 1950. Australia Military Expenditure - values, historical data and charts - was last updated on May of 2021.

Military Expenditure in Australia is expected to reach 24404.26 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Military Expenditure is projected to trend around 24301.30 USD Million in 2022 and 25993.31 USD Million in 2023, according to our econometric models.

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Australia Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
27395.00 26840.00 27546.00 2953.00 1950 - 2019 USD Million Yearly
constant 2018 prices

Australia Government Last Previous Highest Lowest Unit
Government Debt to GDP 24.80 19.20 24.80 -3.40 percent [+]
Government Budget -4.30 0.00 2.20 -4.30 percent of GDP [+]
Government Budget Value -1126.00 1746.00 14307.00 -36988.00 AUD Million [+]
Government Spending 104618.00 103792.00 104618.00 9725.00 AUD Million [+]
Government Revenues 47682.00 45430.00 53576.00 510.00 AUD Million [+]
Fiscal Expenditure 48808.00 43684.00 79545.00 790.00 AUD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 27395.00 26840.00 27546.00 2953.00 USD Million [+]
Government Debt 583254.00 619465.00 619465.00 -50019.00 AUD Million [+]
Government Spending To GDP 27.70 24.50 27.70 18.30 percent [+]