Military Expenditure in Australia increased to 27618 USD Million in 2020 from 26079 USD Million in 2019. source: SIPRI
Military Expenditure in Australia averaged 12318.42 USD Million from 1950 until 2020, reaching an all time high of 27618 USD Million in 2020 and a record low of 2793 USD Million in 1950. Australia Military Expenditure - values, historical data and charts - was last updated on June of 2022.
Military Expenditure in Australia is expected to reach 24404.26 USD Million by the end of 2021, 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 2022 and 25993.31 USD Million in 2023, according to our econometric models.