(measure: percent; Source: Stockholm International Peace Research Institute)
* indicates monthly or quarterly data series
South Korea: Military spending, percent of GDP
For that indicator, we provide data for South Korea from 1960 to 2019. The average value for South Korea during that period was 3.98 percent with a minimum of 2.32 percent in 2002 and a maximum of 7.16 percent in 1960.
The latest value from 2019 is 2.67 percent. For comparison, the world average in 2019 based on 146
countries is 1.80 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
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.