Australia—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #15 of 156Updated April 2026
Latest Value
$33.82B
2024
YoY Change
+4.4%
2023 → 2024
Global Rank
#15
of 156 countries
Maximum
$33.82B
2024
Minimum
$7.04B
2001
CAGR
+6.6%
25 years
Last
$33.82B
Previous
$32.39B
Highest
$33.82B
Lowest
$7.04B
Source
World Bank World Development Indicators
Australia's military expenditure (usd) was $33.82B in 2024, ranking #15 out of 156 countries. This represents a +4.4% change from 2023. Over the past 25 years, the highest recorded value was $33.82B (2024) and the lowest was $7.04B (2001). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $33.82B | +4.4% |
| 2023 | $32.39B | -0.2% |
| 2022 | $32.45B | -0.8% |
| 2021 | $32.72B | +19.8% |
| 2020 | $27.30B | +4.7% |
| 2019 | $26.08B | -2.8% |
| 2018 | $26.84B | -3.1% |
| 2017 | $27.69B | +5.0% |
| 2016 | $26.38B | +9.7% |
| 2015 | $24.05B | -6.7% |
| 2014 | $25.78B | +3.9% |
| 2013 | $24.83B | -5.3% |
| 2012 | $26.22B | -1.4% |
| 2011 | $26.60B | +14.6% |
| 2010 | $23.22B | +22.5% |
| 2009 | $18.96B | +1.8% |
| 2008 | $18.63B | +8.4% |
| 2007 | $17.19B | +20.7% |
| 2006 | $14.24B | +7.6% |
| 2005 | $13.24B | +10.4% |
| 2004 | $12.00B | +20.8% |
| 2003 | $9.93B | +24.9% |
| 2002 | $7.95B | +12.8% |
| 2001 | $7.04B | -3.2% |
| 2000 | $7.27B |
Top Countries — Military Expenditure (USD)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | United States | $997.31B | 2024 |
| 2 | China | $313.66B | 2024 |
| 3 | Russian Federation | $148.97B | 2024 |
| 4 | Germany | $88.46B | 2024 |
| 5 | India | $86.13B | 2024 |
| 6 | United Kingdom | $81.76B | 2024 |
| 7 | Saudi Arabia | $80.33B | 2024 |
| 8 | Ukraine | $64.70B | 2024 |
| 9 | France | $64.68B | 2024 |
| 10 | Japan | $55.27B | 2024 |