Australia Military Expenditure

1960 - 2022 | Yearly | AUD mn | World Bank

Australia Military Expenditure data was reported at 46,563.510 AUD mn in 2022. This records an increase from the previous number of 43,580.465 AUD mn for 2021. Australia Military Expenditure data is updated yearly, averaging 9,016.500 AUD mn from Jun 1960 to 2022, with 63 observations. The data reached an all-time high of 46,563.510 AUD mn in 2022 and a record low of 410.500 AUD mn in 1960. Australia 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 Australia Military Expenditure from 1960 to 2022 in the chart:

Australia Australia Military Expenditure

What was Australia's Australia Military Expenditure in 2022?

Last Previous Min Max Unit Frequency Range
46,563.510 2022 43,580.465 2021 410.500 1960 46,563.510 2022 AUD mn yearly 1960 - 2022

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National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 75,508.049 2028 yearly 1980 - 2028
Forecast: Nominal GDP Per Capita (USD) 75,393.910 2027 yearly 1980 - 2027
Forecast: Real GDP Growth (%) 2.279 2027 yearly 1980 - 2027
GDP Deflator Growth (%) 9.1 Dec 2022 quarterly Sep 1960 - Dec 2022
GDP per Capita (USD) 65,005.795 2022 yearly 1960 - 2022
Gross Fixed Capital Formation (USD mn) 101,750.115 Jun 2023 quarterly Sep 1959 - Jun 2023
Gross National Product (GNP) (USD mn) 412,570.583 Jun 2023 quarterly Sep 1959 - Jun 2023
Gross Savings Rate (%) 29.6 Dec 2022 quarterly Sep 1959 - Dec 2022
Investment: % of GDP (%) 24.3 Jun 2023 quarterly Sep 1959 - Jun 2023
Nominal GDP (USD mn) 440,146.9 Mar 2023 quarterly Sep 1959 - Mar 2023
Nominal GDP Growth (%) 3.629 Jun 2023 quarterly Sep 1960 - Jun 2023
Private Consumption Expenditure (USD mn) 215,444.225 Jun 2023 quarterly Sep 1959 - Jun 2023
Private Consumption: % of GDP (%) 49.8 Jun 2023 quarterly Sep 1959 - Jun 2023
Public Consumption Expenditure (USD mn) 91,453.038 Jun 2023 quarterly Sep 1959 - Jun 2023
Public Consumption: % of GDP (%) 20.4 Dec 2022 quarterly Sep 1959 - Dec 2022
Real GDP Growth (%) 2.7 Dec 2022 quarterly Sep 1960 - Dec 2022
Total Trade of Goods & Services: % of Nominal GDP (%) 46.695 Jun 2023 quarterly Sep 1959 - Jun 2023
Production Last Frequency Range
Gold Production (kg) 310,000.000 2023 yearly 1990 - 2023
Industrial Production Index Growth (%) 1.7 Jun 2023 quarterly Sep 1975 - Jun 2023
Minerals Production (Metric Ton) 1,309,620,617.000 2021 yearly 2009 - 2021
Motor Vehicle Production (Unit) 6,077.000 2022 yearly 1997 - 2022
Silver Production (Metric Ton) 1,200.000 2023 yearly 1986 - 2023
Fertilizer Consumption (%) 285.140 2020 yearly 1961 - 2020
Agricultural Land (sq km) 3,557,750.000 2020 yearly 1961 - 2020
Aquaculture Production (Metric Ton) 126,206.330 2021 yearly 1960 - 2021
Construction and Properties Last Frequency Range
House Prices Growth (%) -0.9 Jun 2023 quarterly Sep 2004 - Jun 2023
Nominal Residential Property Price Index (2010=100) 180.900 Sep 2023 quarterly Mar 1970 - Sep 2023
Nominal Residential Property Price Index Growth (%) 2.158 Sep 2023 quarterly Mar 1971 - Sep 2023
Real Residential Property Price Index (2010=100) 128.488 Sep 2023 quarterly Mar 1970 - Sep 2023
Real Residential Property Price Index Growth (%) -3.052 Sep 2023 quarterly Mar 1971 - Sep 2023
Building Permits (Unit) 15,922.000 Dec 2023 monthly Jul 2001 - Dec 2023
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.7 Sep 2023 quarterly Jun 2003 - Sep 2023
Forecast: Government Expenditure (AUD bn) 1,137.330 2028 yearly 1988 - 2028
Forecast: Government Net Debt (AUD bn) 1,728.540 2028 yearly 1989 - 2028
Forecast: Government Revenue (AUD bn) 1,098.260 2028 yearly 1988 - 2028
Government Debt: % of GDP (%) 41.8 2022 yearly 1999 - 2022
National Government Debt (USD mn) 673,484.7 2022 yearly 1999 - 2022
Tax Revenue (USD mn) 149,634.330 Jun 2023 quarterly Sep 2002 - Jun 2023
Consolidated Fiscal Balance (USD mn) 6,456.051 Jun 2023 quarterly Sep 2002 - Jun 2023
Tax Revenue: % of GDP (%) 34.9 Jun 2023 quarterly Sep 2002 - Jun 2023
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 14,201,116.488 Dec 2023 monthly Feb 1978 - Dec 2023
Forecast: Employment (Person mn) 13.897 2024 yearly 1980 - 2024
Forecast: Population (Person mn) 28.259 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 4.898 2028 yearly 1980 - 2028
Labour Force Participation Rate (%) 67.4 Dec 2023 monthly Feb 1978 - Dec 2023
Labour Productivity Growth (%) -0.56 Sep 2023 quarterly Jun 1979 - Sep 2023
Monthly Earnings (USD) 3,786 May 2023 semiannually May 2012 - May 2023
Population (Person mn) 26.3 2022 yearly 1950 - 2022
Unemployment Rate (%) 3.88 Dec 2023 monthly Feb 1978 - Dec 2023
Life Expectancy at Birth (Year) 83.200 2020 yearly 1960 - 2020

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