Economy
The World Bank — World Development Indicators (CC BY 4.0) · updated 2024-12-31
Korea, Rep.'s military expenditure stands at 2.56% as of 2024-12-31, down from 2.6% in 2023. Historical data runs from 1960 to 2024 (65 observations).
In 2024, Korea, Rep.'s military expenditure was 2.56%, down from 2.6% in 2023.
In 2023, Korea, Rep.'s military expenditure was 2.6%, up from 2.58% in 2022.
In 2022, Korea, Rep.'s military expenditure was 2.58%, down from 2.62% in 2021.
In 2021, Korea, Rep.'s military expenditure was 2.62%, down from 2.64% in 2020.
In 2020, Korea, Rep.'s military expenditure was 2.64%, up from 2.52% in 2019.
| Year | Value | Change |
|---|---|---|
| 2024 | 2.56% | -0.0372% |
| 2023 | 2.6% | +0.0228% |
| 2022 | 2.58% | -0.0426% |
| 2021 | 2.62% | -0.0239% |
| 2020 | 2.64% | +0.1237% |
| 2019 | 2.52% | +0.1578% |
| 2018 | 2.36% | +0.0634% |
| 2017 | 2.3% | -0.0377% |
| 2016 | 2.34% | -0.0406% |
| 2015 | 2.38% | -0.0369% |
| 2014 | 2.41% | +0.022% |
| 2013 | 2.39% | -0.0008% |
| 2012 | 2.39% | +0.0209% |
| 2011 | 2.37% | +0.0099% |
| 2010 | 2.36% | -0.1387% |
| 2009 | 2.5% | +0.1114% |
| 2008 | 2.39% | +0.1176% |
| 2007 | 2.27% | -0.028% |
| 2006 | 2.3% | +0.0185% |
| 2005 | 2.28% | +0.1146% |
| 2004 | 2.17% | -0.0095% |
| 2003 | 2.18% | +0.0058% |
| 2002 | 2.17% | -0.1108% |
| 2001 | 2.28% | -0.0296% |
| 2000 | 2.31% | -0.1827% |
| 1999 | 2.49% | -0.3019% |
| 1998 | 2.79% | +0.1311% |
| 1997 | 2.66% | -0.0801% |
| 1996 | 2.74% | -0.1489% |
| 1995 | 2.89% | -0.3004% |
| 1994 | 3.19% | -0.2251% |
| 1993 | 3.42% | -0.2724% |
| 1992 | 3.69% | -0.0209% |
| 1991 | 3.71% | -0.2912% |
| 1990 | 4% | -0.2879% |
| 1989 | 4.29% | +0.009% |
| 1988 | 4.28% | -0.1874% |
| 1987 | 4.47% | -0.4797% |
| 1986 | 4.95% | -0.2773% |
| 1985 | 5.23% | -0.029% |
| 1984 | 5.25% | -0.4723% |
| 1983 | 5.73% | -0.5141% |
| 1982 | 6.24% | -0.175% |
| 1981 | 6.42% | +0.0171% |
| 1980 | 6.4% | +0.8729% |
| 1979 | 5.53% | -0.8456% |
| 1978 | 6.37% | +0.3365% |
| 1977 | 6.03% | +0.1268% |
| 1976 | 5.91% | +1.03% |
| 1975 | 4.88% | +0.3373% |
| 1974 | 4.54% | +0.5067% |
| 1973 | 4.03% | -0.9753% |
| 1972 | 5.01% | +0.2751% |
| 1971 | 4.73% | +0.3316% |
| 1970 | 4.4% | -0.291% |
| 1969 | 4.69% | -0.0362% |
| 1968 | 4.73% | +0.0455% |
| 1967 | 4.69% | -0.0037% |
| 1966 | 4.69% | +0.2784% |
| 1965 | 4.41% | +0.276% |
| 1964 | 4.13% | -0.6894% |
| 1963 | 4.82% | -2.04% |
| 1962 | 6.87% | +0.141% |
| 1961 | 6.73% | -0.4314% |
| 1960 | 7.16% | — |
The World Bank — World Development Indicators (CC BY 4.0) · Download this series as CSV — free, attribution required (CC BY 4.0).
Korea, Rep.'s military expenditure is 2.56% as of 2024-12-31, compared with 2.6% in 2023. The World Bank — World Development Indicators (CC BY 4.0)
The highest recorded value is 7.16% (1960); the lowest is 2.17% (2004), across data from 1960 to 2024.
The World Bank — World Development Indicators (CC BY 4.0) Figures are republished with attribution and updated as the source releases new observations.