Military expenditure in local currency rose 110% to NZD 4,941,611,500 bil in New Zealand in 2023, according to the SIPRI Military Expenditure Database.
Historically, military expenditure in local currency in New Zealand reached an all time high of NZD 4,941,611,500 bil in 2023 and an all time low of NZD 0.064 bil in 1957. When compared to New Zealand's main peers, military expenditure in local currency in Australia amounted to AUD 48,752,894,000 bil, IDR 144,267,000,000,000.00 bil in Indonesia, MYR 17,746,200,000 bil in Malaysia and PHP 303,255,500,000 bil in Philippines in 2023.
New Zealand has been ranked 104th within the group of 148 countries we follow in terms of military expenditure in local currency, 12 places above the position seen 10 years ago.
| Military Expenditure (Local Currency) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Australia | AUD bil | 36.1 | 35.9 | 37.5 | 39.7 | 43.6 | ||||||||||||||||
| Cambodia | KHR bil | 1,857 | 2,198 | 2,416 | 2,537 | 2,566 | ||||||||||||||||
| China | CNY bil | 1,424 | 1,538 | 1,660 | 1,781 | 1,845 | ||||||||||||||||
| Indonesia | IDR bil | 117,578 | 106,680 | 115,351 | 136,871 | 125,887 | ||||||||||||||||
| Malaysia | MYR bil | 15.1 | 13.9 | 13.5 | 14.2 | 15.2 | ||||||||||||||||
| New Zealand | NZD bil | 3.01 | 3.34 | 4.14 | 4.33 | 4.11 | ||||||||||||||||
| Papua New Guinea | PGK bil | 0.257 | 0.262 | 0.304 | 0.325 | 0.305 | ||||||||||||||||
| Philippines | PHP bil | 193 | 216 | 221 | 233 | 273 | ||||||||||||||||
| Singapore | SGD bil | 14.1 | 14.3 | 14.2 | 13.5 | 14.8 | ||||||||||||||||
| Taiwan | TWD bil | 319 | 317 | 340 | 349 | 360 | ... | |||||||||||||||
| Thailand | THB bil | 215 | 222 | 228 | 227 | 211 | ||||||||||||||||
| Vietnam | VND bil | 113,534 | 126,618 | ... | ... | ... | ... | ... |
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