Australia AU: Military Expenditure

1960 - 2019 | Yearly | AUD mn | World Bank

Australia’s AU: Military Expenditure data was reported at 37,262.000 AUD mn in 2019. This records an increase from the previous number of 35,933.450 AUD mn for 2018. Australia’s AU: Military Expenditure data is updated yearly, averaging 8,277.750 AUD mn from Jun 1960 to 2019, with 60 observations. The data reached an all-time high of 37,262.000 AUD mn in 2019 and a record low of 410.500 AUD mn in 1960. Australia’s AU: Military Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.); ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; ; Data for some countries are based on partial or uncertain data or rough estimates. For additional details please refer to the military expenditure database on the SIPRI website: https://sipri.org/databases/milex

View Australia's AU: Military Expenditure from 1960 to 2019 in the chart:

Australia AU: Military Expenditure

What was Australia's AU: Military Expenditure in 2019?

Last Previous Min Max Unit Frequency Range
37,262.000 2019 35,933.450 2018 410.500 1960 37,262.000 2019 AUD mn yearly 1960 - 2019

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National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 60,427.369 2025 yearly 1980 - 2025
Forecast: Nominal GDP Per Capita (USD) 64,503.291 2025 yearly 1980 - 2025
Forecast: Real GDP Growth (%) 2.542 2025 yearly 1980 - 2025
GDP Deflator Growth (%) 0.4 Jun 2020 quarterly Sep 1960 - Jun 2020
GDP per Capita (USD) 52,158.382 2020 yearly 1960 - 2020
Gross Fixed Capital Formation (USD mn) 76,602.663 Sep 2020 quarterly Sep 1959 - Sep 2020
Gross National Product (GNP) (USD mn) 346,065.655 Sep 2020 quarterly Sep 1959 - Sep 2020
Gross Savings Rate (%) 25.4 Sep 2020 quarterly Sep 1959 - Sep 2020
Investment: % of GDP (%) 22.1 Sep 2020 quarterly Sep 1959 - Sep 2020
Nominal GDP (USD mn) 307,619.3 Jun 2020 quarterly Sep 1959 - Jun 2020
Nominal GDP Growth (%) -3.860 Sep 2020 quarterly Sep 1960 - Sep 2020
Private Consumption Expenditure (USD mn) 184,557.999 Sep 2020 quarterly Sep 1959 - Sep 2020
Private Consumption: % of GDP (%) 53.1 Sep 2020 quarterly Sep 1959 - Sep 2020
Public Consumption Expenditure (USD mn) 76,008.822 Sep 2020 quarterly Sep 1959 - Sep 2020
Public Consumption: % of GDP (%) 21.5 Sep 2020 quarterly Sep 1959 - Sep 2020
Real GDP Growth (%) -6.3 Jun 2020 quarterly Sep 1960 - Jun 2020
Total Trade of Goods & Services: % of Nominal GDP (%) 38.937 Sep 2020 quarterly Sep 1959 - Sep 2020

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