Military Expenditure in Australia decreased to 26836 USD Million in 2018 from 27691 USD Million in 2017.
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 July of 2020. source: SIPRI
Military Expenditure in Australia is expected to reach 24404.26 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.