In 2022, the ratio of military expenditure to gross domestic product (GDP) in Australia decreased by 0.1 percentage points (-5.03 percent) since 2021. Nevertheless, the last two years recorded a significant higher ratio than the preceding years. These figures refer to the total amount of money spent on a country's military, as a share of its gross domestic product (GDP). These figures apply to current expenditure on a country's armed forces, including peacekeeping forces and defense ministries, among others.
Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like New Zealand and Fiji.
Australia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022
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World Bank. (June 28, 2024). Australia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph]. In Statista. Retrieved September 21, 2024, from https://www.statista.com/statistics/810322/ratio-of-military-expenditure-to-gross-domestic-product-gdp-australia/
World Bank. "Australia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022." Chart. June 28, 2024. Statista. Accessed September 21, 2024. https://www.statista.com/statistics/810322/ratio-of-military-expenditure-to-gross-domestic-product-gdp-australia/
World Bank. (2024). Australia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022. Statista. Statista Inc.. Accessed: September 21, 2024. https://www.statista.com/statistics/810322/ratio-of-military-expenditure-to-gross-domestic-product-gdp-australia/
World Bank. "Australia: Ratio of Military Spending to Gross Domestic Product (Gdp) from 2012 to 2022." Statista, Statista Inc., 28 Jun 2024, https://www.statista.com/statistics/810322/ratio-of-military-expenditure-to-gross-domestic-product-gdp-australia/
World Bank, Australia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 Statista, https://www.statista.com/statistics/810322/ratio-of-military-expenditure-to-gross-domestic-product-gdp-australia/ (last visited September 21, 2024)
Australia: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph], World Bank, June 28, 2024. [Online]. Available: https://www.statista.com/statistics/810322/ratio-of-military-expenditure-to-gross-domestic-product-gdp-australia/