Military expenditure in dollars — all countries

Military expenditure in dollars — South Korea

Military expenditure in dollars in South Korea in 2024 — 47,571,318,597 US$. Ranked 11 in the world out of 151. Since 1960, the indicator has risen by 17,158.3%.

2024 47.57B US$ −0.48% vs 2023
World rank 11of 151
Period maximum 50.87B US$2021
Period minimum 132M US$1965

Trend over time

1960–2024 · US$

Military expenditure in dollars — South Korea, 1960–2024020B40B60B19601967197419811988199520022009201620231960: 275,643,564 US$1962: 186,153,846 US$1964: 137,481,470 US$1966: 176,901,786 US$1968: 278,696,524 US$1970: 386,403,740 US$1972: 531,950,093 US$1974: 852,963,864 US$1976: 1,708,677,686 US$1978: 3,190,082,645 US$1980: 3,980,692,489 US$1982: 4,646,524,886 US$1984: 4,759,446,931 US$1986: 5,325,292,074 US$1988: 7,732,395,676 US$1990: 10,110,714,871 US$1992: 11,614,665,196 US$1994: 13,519,265,763 US$1996: 16,408,665,267 US$1998: 10,457,957,529 US$2000: 13,801,107,024 US$2002: 14,101,703,315 US$2004: 17,829,864,143 US$2006: 25,177,237,741 US$2008: 26,072,410,508 US$2010: 28,175,181,219 US$2012: 31,951,760,810 US$2014: 37,552,298,954 US$2016: 36,885,283,430 US$2018: 43,069,973,343 US$2020: 46,117,096,575 US$2022: 46,365,420,707 US$2024: 47,571,318,597 US$
Change over the period: +47.3B (+17,158.27%) Average annual rate: 8.38 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: South Korea

South Korea 47.57B US$
World 2.65T US$
Military expenditure in dollars — South Korea, by year South Korea All countries CSV XLSX
Year US$ Change Change, %
2024 47.57B −231M −0.48%
2023 47.8B +1.44B +3.1%
2022 46.37B −4.51B −8.86%
2021 50.87B +4.76B +10.31%
2020 46.12B +2.01B +4.57%
2019 44.1B +1.03B +2.4%
2018 43.07B +3.9B +9.95%
2017 39.17B +2.29B +6.2%
2016 36.89B +315M +0.86%
2015 36.57B −982M −2.61%
2014 37.55B +3.24B +9.45%
2013 34.31B +2.36B +7.38%
2012 31.95B +960M +3.1%
2011 30.99B +2.82B +10%
2010 28.18B +3.6B +14.65%
2009 24.58B −1.5B −5.74%
2008 26.07B −1.65B −5.96%
2007 27.73B +2.55B +10.12%
2006 25.18B +3.02B +13.62%
2005 22.16B +4.33B +24.28%
2004 17.83B +1.98B +12.51%
2003 15.85B +1.75B +12.38%
2002 14.1B +1.16B +8.96%
2001 12.94B −859M −6.23%
2000 13.8B +1.71B +14.1%
1999 12.1B +1.64B +15.66%
1998 10.46B −4.39B −29.57%
1997 14.85B −1.56B −9.51%
1996 16.41B +324M +2.01%
1995 16.09B +2.57B +18.98%
1994 13.52B +1.14B +9.23%
1993 12.38B +763M +6.57%
1992 11.61B +658M +6.01%
1991 10.96B +846M +8.37%
1990 10.11B +642M +6.78%
1989 9.47B +1.74B +22.46%
1988 7.73B +1.69B +28%
1987 6.04B +716M +13.44%
1986 5.33B +441M +9.04%
1985 4.88B +124M +2.61%
1984 4.76B +45.29M +0.96%
1983 4.71B +67.63M +1.46%
1982 4.65B +183M +4.09%
1981 4.46B +483M +12.14%
1980 3.98B +437M +12.34%
1979 3.54B +353M +11.08%
1978 3.19B +952M +42.57%
1977 2.24B +529M +30.96%
1976 1.71B +678M +65.73%
1975 1.03B +178M +20.87%
1974 853M +308M +56.57%
1973 545M +12.84M +2.41%
1972 532M +71.05M +15.42%
1971 461M +74.5M +19.28%
1970 386M +39.38M +11.35%
1969 347M +68.33M +24.52%
1968 279M +60.6M +27.78%
1967 218M +41.2M +23.29%
1966 177M +44.77M +33.88%
1965 132M −5.35M −3.89%
1964 137M −47.9M −25.84%
1963 185M −769,231 −0.41%
1962 186M +29.09M +18.52%
1961 157M −119M −43.02%
1960 276M

Eastern Asia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Military expenditure in current US dollars under the SIPRI definition. It allows absolute defense budgets to be compared, but not military capability: the purchasing power of the dollar in defense differs widely between countries, so equal budgets buy different amounts of personnel and equipment.

Source: Military Expenditure Database (SIPRI), license SIPRI terms of use.