Australia maintained steady military spending at approximately – of GDP during the Cold War, reflecting its strategic alliances and participation in global conflicts such as the Vietnam War (1965–1973). A noticeable peak at in the late 1960s aligns with Australia’s military involvement in Southeast Asia.
Post-Cold War, military expenditure gradually declined, reaching a low of in 2013. However, increasing regional tensions in the Indo-Pacific and commitments to modernization initiatives have driven recent increases. By 2022, expenditure stabilized at –, highlighting Australia’s strategic focus on regional security.
Post-Cold War, military expenditure gradually declined, reaching a low of in 2013. However, increasing regional tensions in the Indo-Pacific and commitments to modernization initiatives have driven recent increases. By 2022, expenditure stabilized at –, highlighting Australia’s strategic focus on regional security.
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