Australia military spending by year, 1990 to 2025
Australia: $35.33 billion in 2025. Military spending peaked at $35.33 billion in 2025 in this 1990–2025 series.
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What the data shows
- Australia: $6.70B in 1990, $35.33B in 2025 (5.3× higher).
- Canada: $11.41B in 1990, $37.49B in 2025 (3.3× higher). Its low point was $7.75B in 1998.
- Spain: $11.70B in 1990, $40.21B in 2025 (3.4× higher). Its low point was $9.87B in 1997.
- Türkiye: $5.32B in 1990, $29.99B in 2025 (5.6× higher). Its low point was $5.29B in 1994.
About this chart
Australia's military expenditure rose from $6.70 billion in 1990 to $35.33 billion in 2025, in current US dollars. The highest displayed expenditure was $35.33 billion in 2025. The displayed annual series runs from 1990 through 2025; its lowest value was $6.70 billion in 1990. The preceding annual observation, for 2024, was $34.23 billion.
Military expenditure is the SIPRI-based World Bank series in current US dollars, displayed in billions. Exchange rates and inflation affect its path; the figures do not measure military capability or spending as a share of GDP. In 2025, the comparison lines show Canada ($37.49 billion), Spain ($40.21 billion) and Türkiye ($29.99 billion). These peers have the closest latest values among reporting countries with over one million people and a continuous common history; they are not selected by geography.
The data
Source: World Bank, World Development Indicators (MS.MIL.XPND.CD), current US$ billions. Retrieved November 5, 2026. Military expenditure is the SIPRI-based World Bank series in current US dollars, displayed in billions. Exchange rates and inflation affect its path; the figures do not measure military capability or spending as a share of GDP. Peers are selected by proximity to the country's latest value among countries with over one million people and a continuous common series.
| Date | 🇦🇺 Australia | 🇨🇦 Canada | 🇪🇸 Spain | 🇹🇷 Türkiye |
|---|---|---|---|---|
| 1990 | $6.70B | $11.41B | $11.70B | $5.32B |
| 1991 | $7.02B | $11.34B | $11.68B | $5.67B |
| 1992 | $6.88B | $10.79B | $12.25B | $6.16B |
| 1993 | $6.73B | $10.27B | $10.04B | $7.08B |
| 1994 | $7.46B | $9.58B | $10.09B | $5.29B |
| 1995 | $7.67B | $9.18B | $11.44B | $6.61B |
| 1996 | $8.20B | $8.62B | $11.29B | $7.51B |
| 1997 | $7.94B | $7.95B | $9.87B | $7.79B |
| 1998 | $7.11B | $7.75B | $10.33B | $8.78B |
| 1999 | $7.77B | $8.21B | $11.11B | $9.95B |
| 2000 | $7.27B | $8.30B | $10.27B | $9.99B |
| 2001 | $7.04B | $8.38B | $10.22B | $7.22B |
| 2002 | $7.95B | $8.50B | $10.27B | $9.05B |
| 2003 | $9.93B | $9.96B | $12.88B | $10.28B |
| 2004 | $12.00B | $11.34B | $15.26B | $10.92B |
| 2005 | $13.24B | $12.99B | $16.00B | $12.08B |
| 2006 | $14.24B | $14.81B | $17.25B | $13.04B |
| 2007 | $17.19B | $17.42B | $20.07B | $14.99B |
| 2008 | $18.63B | $19.34B | $22.23B | $16.81B |
| 2009 | $18.96B | $18.94B | $20.18B | $16.05B |
| 2010 | $23.22B | $19.32B | $19.71B | $17.65B |
| 2011 | $26.60B | $21.39B | $19.70B | $17.01B |
| 2012 | $26.22B | $20.45B | $18.86B | $17.69B |
| 2013 | $24.83B | $18.52B | $17.24B | $18.43B |
| 2014 | $25.78B | $19.69B | $17.18B | $17.58B |
| 2015 | $24.05B | $18.22B | $15.19B | $15.67B |
| 2016 | $26.38B | $17.46B | $14.01B | $17.83B |
| 2017 | $27.69B | $21.37B | $16.04B | $17.61B |
| 2018 | $26.84B | $21.59B | $17.82B | $19.65B |
| 2019 | $26.08B | $21.28B | $17.19B | $20.47B |
| 2020 | $27.30B | $23.46B | $17.45B | $15.82B |
| 2021 | $32.72B | $24.70B | $19.97B | $15.24B |
| 2022 | $32.45B | $25.12B | $20.72B | $15.05B |
| 2023 | $32.39B | $28.88B | $24.84B | $19.23B |
| 2024 | $34.23B | $30.62B | $25.20B | $25.01B |
| 2025 | $35.33B | $37.49B | $40.21B | $29.99B |
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Frequently asked questions
How much does Australia spend on its military?
Australia spent $35.33 billion on its military in 2025, according to the SIPRI-based World Bank series. The value is in current US dollars, not adjusted for inflation.
When was Australia's military spending highest in this series?
The highest displayed value was $35.33 billion in 2025. This comparison covers 1990 through 2025; it is not a claim about years outside the available series.
Why are these countries compared with Australia?
The comparison selects three countries with the closest 2025 values, among countries with over one million people and at least fifteen consecutive annual observations in common. The matching is based on the indicator level, not economic structure or geographic proximity.
Where does this data come from?
World Bank, World Development Indicators (MS.MIL.XPND.CD), current US$ billions. Retrieved November 5, 2026. Military expenditure is the SIPRI-based World Bank series in current US dollars, displayed in billions. Exchange rates and inflation affect its path; the figures do not measure military capability or spending as a share of GDP. Peers are selected by proximity to the country's latest value among countries with over one million people and a continuous common series. You can download the full table as a CSV from this page.
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