Korea vs Latin America & Caribbean (excluding high income): Military expenditure (current USD), per unit of GDP
Military expenditure (current USD), per unit of GDP over time
- Korea
- Latin America & Caribbean (excluding high income)
How they compare
Korea currently reports 0.0254 current USD per US$ of GDP against 0.0105 current USD per US$ of GDP in Latin America & Caribbean (excluding high income), a difference of 0.0149 current USD per US$ of GDP.
That makes Korea's figure about 2.4 times Latin America & Caribbean (excluding high income)'s.
Across all 65 years both countries report, Korea has been ahead every year.
Korea ranks 43rd and Latin America & Caribbean (excluding high income) ranks 40th of 166 countries.
Korea has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Korea | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 0.0507 current USD per US$ of GDP | 0.0147 current USD per US$ of GDP | 0.036 current USD per US$ of GDP | Korea |
| 1970s | 0.0491 current USD per US$ of GDP | 0.0168 current USD per US$ of GDP | 0.0324 current USD per US$ of GDP | Korea |
| 1980s | 0.0484 current USD per US$ of GDP | 0.0156 current USD per US$ of GDP | 0.0329 current USD per US$ of GDP | Korea |
| 1990s | 0.0286 current USD per US$ of GDP | 0.0135 current USD per US$ of GDP | 0.0151 current USD per US$ of GDP | Korea |
| 2000s | 0.0228 current USD per US$ of GDP | 0.0115 current USD per US$ of GDP | 0.0113 current USD per US$ of GDP | Korea |
| 2010s | 0.0238 current USD per US$ of GDP | 0.0119 current USD per US$ of GDP | 0.012 current USD per US$ of GDP | Korea |
| 2020s | 0.0259 current USD per US$ of GDP | 0.0105 current USD per US$ of GDP | 0.0155 current USD per US$ of GDP | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military expenditure (current usd), per unit of gdp, Korea or Latin America & Caribbean (excluding high income)?
- Korea, at 0.0254 current USD per US$ of GDP against 0.0105 current USD per US$ of GDP in Latin America & Caribbean (excluding high income) as of 2024.
- What is the difference in military expenditure (current usd), per unit of gdp between Korea and Latin America & Caribbean (excluding high income)?
- 0.0149 current USD per US$ of GDP, with Korea ahead.
- How many years of comparable data are there for Korea and Latin America & Caribbean (excluding high income)?
- 65 years are reported by both, from 1960 to 2024.
- How do Korea and Latin America & Caribbean (excluding high income) rank globally for military expenditure (current usd), per unit of gdp?
- Korea ranks 43rd and Latin America & Caribbean (excluding high income) ranks 40th of 166 countries.
- Where does this data come from?
- Statizoid (derived), published as Military expenditure (current USD), per unit of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Military expenditure (current USD) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.