Republic of Korea vs Latin America & Caribbean: Military expenditure (current USD), per capita

Republic of Korea
919.23 current USD per person
in 2024
Latin America & Caribbean
110.81 current USD per person
in 2024
Republic of Korea rank
24th
Latin America & Caribbean rank
21st

Military expenditure (current USD), per capita over time

  • Republic of Korea
  • Latin America & Caribbean
02004006008001.0k196019922024

How they compare

Republic of Korea currently reports 919.23 current USD per person against 110.81 current USD per person in Latin America & Caribbean, a difference of 808.42 current USD per person.

That makes Republic of Korea's figure about 8.3 times Latin America & Caribbean's.

The two have swapped places 4 times across 65 shared years of data; in 1960 it was Republic of Korea ahead.

Republic of Korea ranks 24th and Latin America & Caribbean ranks 21st of 167 countries.

Republic of Korea has averaged higher in every one of the 7 decades both report.

Head to head by decade

Decade Republic of Korea Latin America & Caribbean Difference Ahead
1960s 7.37 current USD per person 6.69 current USD per person 0.686 current USD per person Republic of Korea
1970s 40.15 current USD per person 20.97 current USD per person 19.18 current USD per person Republic of Korea
1980s 137.48 current USD per person 34.29 current USD per person 103.19 current USD per person Republic of Korea
1990s 286.3 current USD per person 49.22 current USD per person 237.08 current USD per person Republic of Korea
2000s 414.36 current USD per person 63.71 current USD per person 350.65 current USD per person Republic of Korea
2010s 713.26 current USD per person 110.19 current USD per person 603.07 current USD per person Republic of Korea
2020s 922.65 current USD per person 94.67 current USD per person 827.99 current USD per person Republic of Korea

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military expenditure (current usd), per capita, Republic of Korea or Latin America & Caribbean?
Republic of Korea, at 919.23 current USD per person against 110.81 current USD per person in Latin America & Caribbean as of 2024.
What is the difference in military expenditure (current usd), per capita between Republic of Korea and Latin America & Caribbean?
808.42 current USD per person, with Republic of Korea ahead.
How many years of comparable data are there for Republic of Korea and Latin America & Caribbean?
65 years are reported by both, from 1960 to 2024.
How do Republic of Korea and Latin America & Caribbean rank globally for military expenditure (current usd), per capita?
Republic of Korea ranks 24th and Latin America & Caribbean ranks 21st of 167 countries.
Where does this data come from?
Statizoid (derived), published as Military expenditure (current USD), per capita. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Republic of Korea vs Latin America & Caribbean: Military expenditure (current USD), per capita. Statizoid, drawing on Statizoid (derived). Retrieved 06 September 2026, from https://public-sector.statizoid.com/compare/military-expenditure-current-usd-per-capita/korea-rep/latin-america-and-caribbean/

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About this data

Indicator
Military expenditure (current USD), per capita
Unit
current USD per person
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
211 places, 10,601 data points, 1960–2024
Last refreshed

Military expenditure (current USD) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.