South Korea Military Spending Over Time (1960–2024)

Global Statistics and Country Indicators

Military Spending (USD)

Global rank: 11 / 151

Data table

1960	275.6M	1971	460.9M	1982	4.65B	1993	12.38B	2004	17.83B	2015	36.57B
1961	157.1M	1972	532M	1983	4.71B	1994	13.52B	2005	22.16B	2016	36.89B
1962	186.2M	1973	544.8M	1984	4.76B	1995	16.09B	2006	25.18B	2017	39.17B
1963	185.4M	1974	853M	1985	4.88B	1996	16.41B	2007	27.73B	2018	43.07B
1964	137.5M	1975	1.03B	1986	5.33B	1997	14.85B	2008	26.07B	2019	44.1B
1965	132.1M	1976	1.71B	1987	6.04B	1998	10.46B	2009	24.58B	2020	46.12B
1966	176.9M	1977	2.24B	1988	7.73B	1999	12.1B	2010	28.18B	2021	50.87B
1967	218.1M	1978	3.19B	1989	9.47B	2000	13.8B	2011	30.99B	2022	46.37B
1968	278.7M	1979	3.54B	1990	10.11B	2001	12.94B	2012	31.95B	2023	47.8B
1969	347M	1980	3.98B	1991	10.96B	2002	14.1B	2013	34.31B	2024	47.57B
1970	386.4M	1981	4.46B	1992	11.61B	2003	15.85B	2014	37.55B

Military Spending (% of GDP)

Global rank: 34 / 147

Data table

1960	7.2%	1971	4.7%	1982	6.2%	1993	3.4%	2004	2.2%	2015	2.4%
1961	6.7%	1972	5%	1983	5.7%	1994	3.2%	2005	2.3%	2016	2.3%
1962	6.9%	1973	4%	1984	5.3%	1995	2.9%	2006	2.3%	2017	2.3%
1963	4.8%	1974	4.5%	1985	5.2%	1996	2.7%	2007	2.3%	2018	2.4%
1964	4.1%	1975	4.9%	1986	4.9%	1997	2.7%	2008	2.4%	2019	2.5%
1965	4.4%	1976	5.9%	1987	4.5%	1998	2.8%	2009	2.5%	2020	2.6%
1966	4.7%	1977	6%	1988	4.3%	1999	2.5%	2010	2.4%	2021	2.6%
1967	4.7%	1978	6.4%	1989	4.3%	2000	2.3%	2011	2.4%	2022	2.6%
1968	4.7%	1979	5.5%	1990	4%	2001	2.3%	2012	2.4%	2023	2.6%
1969	4.7%	1980	6.4%	1991	3.7%	2002	2.2%	2013	2.4%	2024	2.6%
1970	4.4%	1981	6.4%	1992	3.7%	2003	2.2%	2014	2.4%