Military Spending / Canada
Canada Military Spending
Canada military spending data with historical trend, latest available year, ranking, source notes and country comparison. Latest value: 1.31%.
COUNTRY: Canada
UNIT: percent of GDP
SOURCE: World Bank / public data sources
UPDATED: 2026-08-31 05:08:12
GM ECONOMY RATING
Canada · Economic Stability Rating
Composite rating based on inflation, growth, debt, unemployment and current account.
BBB
68 / 100
Good stability
Fiscal stability
11.0 / 25
Macroeconomic stability
15.0 / 20
External stability
4.0 / 15
Financial robustness
15.0 / 15
Structural stability
15.0 / 15
Future capacity
8.0 / 10
Demographic capacity
3.5 / 5
Method: GM Economy multi-pillar stability model with structural and financial robustness adjustment. Coverage: 100% of weighted inputs available.
Time range:
Selected year: · Value:
Canada · military spending data as percent of GDP.
Latest
1.31%
Previous
1.25%
Range avg.
1.27%
Rank
69
Countries by military spending
full rankingGM ECONOMY
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CountryCanada
IndicatorMilitary Spending
1.31%2024 · Rank 69
Chart range
All indicators
Prices & Inflation3
Growth & Output9
Public Finance8
Labor Market6
External Sector5
Monetary & Financial7
Population & Society7
Energy & Environment2
Interpretation
Canada recorded 1.31% for Military Spending in 2024, the latest available observation in this dataset.
Compared with 2023, the indicator increased by 0.06 percentage points, from 1.25% to 1.31%.
The latest observation is above the average of the last 10 available observations (1.27%).
Across the five latest available observations (2020–2024), the pattern is lower overall, but uneven.
Within the last 10 available observations, the low was 1.15% in 2015 and the high was 1.39% in 2020.
Comparison
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Fiscal BalanceGC.BAL.CASH.GD.ZS