Military Expenditure in Australia decreased to 26836 USD Million in 2018 from 27691 USD Million in 2017. source: SIPRI

Military Expenditure in Australia averaged 12662.39 USD Million from 1950 until 2018, reaching an all time high of 27741 USD Million in 2016 and a record low of 2974 USD Million in 1950. Australia Military Expenditure - values, historical data and charts - was last updated on January of 2021.

Military Expenditure in Australia is expected to reach 24118.28 USD Million by the end of 2020, 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 2021 and 25993.31 USD Million in 2022, according to our econometric models.

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Australia Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
26836.00 27691.00 27741.00 2974.00 1950 - 2018 USD Million Yearly
constant 2017 prices

Australia Government Last Previous Highest Lowest Unit
Government Debt to GDP 45.10 41.50 45.10 9.70 percent [+]
Government Budget -0.20 -0.50 2.20 -4.20 percent of GDP [+]
Government Budget Value -4105.00 -10974.00 14307.00 -36988.00 AUD Million [+]
Government Spending 103794.00 102346.00 103794.00 9725.00 AUD Million [+]
Government Revenues 45399.00 41827.00 53576.00 510.00 AUD Million [+]
Fiscal Expenditure 49504.00 52801.00 79545.00 790.00 AUD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 26836.00 27691.00 27741.00 2974.00 USD Million [+]
Government Debt 602042.00 580843.00 602042.00 -50019.00 AUD Million [+]