Australia
Military Spending Profile
#15
Global Rank
$33B
2024 Spending
1.3%
of World Spending
1.9%
of GDP
Military Spending Over Time
Constant 2023 USD (billions)
Military Spending as % of GDP
10-Year Trend
+24.5%
Military spending has increased over the past decade
Peak Spending
$33B
in 2024 (constant 2023 USD)
🔫 Arms Sales
$21B
Top Systems:
- • Virginia-class submarines (AUKUS, $368B)
- • F-35A fighters ($12.4B)
- • Tomahawk cruise missiles
- • MQ-9B drones
AUKUS agreement is the largest arms deal in history. Australia will buy 3-5 Virginia-class nuclear submarines.
→ Full arms sales data