South Korea: Military spending, millions of dollars
(measure: million U.S. dollars (constant 2011 prices); Source: The Stockholm International Peace Research Institute)
* indicates monthly or quarterly data series
South Korea: Military spending, in million U.S. dollars
For that indicator, The Stockholm International Peace Research Institute provides data for South Korea from 1960 to 2018. The average value for South Korea during that period was 12203113826.4 million U.S. dollars (constant 2011 prices) with a minimum of 132131636.14 million U.S. dollars (constant 2011 prices) in 1965 and a maximum of 43069973342.9 million U.S. dollars (constant 2011 prices) in 2018.
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The entire data set can be obtained at sipri data.
Definition: Military spending includes expenditure on peacekeeping, defense ministries, paramilitary forces, and military space activities. Also: military and civil personnel, including retirement pensions; operations and maintenance; procurement; military research and development; and military aid. Defense and current expenditure for past military activities, such as for veterans' benefits, demobilization, conversion, and weapon destruction, are not included.