South Korea: Military spending

(measure: billion U.S. dollars; Source: Stockholm International Peace Research Institute)
* indicates monthly or quarterly data series

South Korea: Military spending, in billion U.S. dollars

: For that indicator, we provide data for South Korea from 1960 to 2019. The average value for South Korea during that period was 12.73 billion U.S. dollars with a minimum of 0.13 billion U.S. dollars in 1965 and a maximum of 43.89 billion U.S. dollars in 2019. The latest value from 2019 is 43.89 billion U.S. dollars. For comparison, the world average in 2019 based on 147 countries is 13.89 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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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.
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