South Korea: Arms imports
* indicates monthly or quarterly data series
South Korea |
Arms imports, million constant U.S. dollars |
---|---|
Latest value | 408.00 |
Year | 2022 |
Measure | dollars |
Data availability | 1960 - 2022 |
Average | 861.49 |
Min - Max | 93.00 - 1,984.00 |
Source | Stockholm International Peace Research Institute |
The latest value from 2022 is 408 dollars, a decline from 798 dollars in 2021. In comparison, the world average is 298.02 dollars, based on data from 106 countries. Historically, the average for South Korea from 1960 to 2022 is 861.49 dollars. The minimum value, 93 dollars, was reached in 1970 while the maximum of 1984 dollars was recorded in 1996.
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Definition: Arms transfers cover the supply of military weapons through sales, aid, gifts, and those made through manufacturing licenses. Data cover major conventional weapons such as aircraft, armored vehicles, artillery, radar systems, missiles, and ships designed for military use. Excluded are transfers of other military equipment such as small arms and light weapons, trucks, small artillery, ammunition, support equipment, technology transfers, and other services. Figures are SIPRI Trend Indicator Values (TIVs) expressed in US$ m. A '0' indicates that the value of deliveries is less than US$0.5m.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Military spending | 46.37 | 2022 | billion U.S. dollars |
Military spending, percent of GDP | 2.72 | 2022 | percent |
Military spending, percent of government spending | 10.57 | 2022 | percent |
Armed forces | 569,000 | 2020 | people |
Armed forces, percent of labor force | 1.99 | 2020 | percent |
Arms exports | 209.00 | 2022 | million U.S. dollars |
Arms imports | 408.00 | 2022 | dollars |