Military Spending (USD)

Oceania Ranking

billion USDSource: IMF
Current Rank
Country
Value
Latest Reading
Previous Rank
Previous Value
1Australia27.542020126.08
2New Zealand3.01202022.93
3Papua New Guinea0.09202030.08
4Fiji0.07202030.08

Definition of Military Spending (USD)

Military spending includes expenditure on peacekeeping, defense ministries, paramilitary forces, and military space activities. Also: military and civil personnel, including retirement pensions; operations and maintenance; procurement; military research and development; and military aid. Defense and current expenditure for past military activities, such as for veterans' benefits, demobilization, conversion, and weapon destruction, are not included.

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