Korea vs Latin America & Caribbean: Military expenditure (current USD), per unit of GDP
Korea
0.0254 current USD per US$ of GDP
in 2024
Latin America & Caribbean
0.0104 current USD per US$ of GDP
in 2024
Korea rank
43rd
Latin America & Caribbean rank
41st
Military expenditure (current USD), per unit of GDP over time
- Korea
- Latin America & Caribbean
How they compare
Korea currently reports 0.0254 current USD per US$ of GDP against 0.0104 current USD per US$ of GDP in Latin America & Caribbean, a difference of 0.015 current USD per US$ of GDP.
That makes Korea's figure about 2.5 times Latin America & Caribbean's.
Across all 65 years both countries report, Korea has been ahead every year.
Korea ranks 43rd and Latin America & Caribbean ranks 41st 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 | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 0.0507 current USD per US$ of GDP | 0.0144 current USD per US$ of GDP | 0.0364 current USD per US$ of GDP | Korea |
| 1970s | 0.0491 current USD per US$ of GDP | 0.0178 current USD per US$ of GDP | 0.0313 current USD per US$ of GDP | Korea |
| 1980s | 0.0484 current USD per US$ of GDP | 0.0164 current USD per US$ of GDP | 0.0321 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 | 0.0118 current USD per US$ of GDP | 0.0121 current USD per US$ of GDP | Korea |
| 2020s | 0.0259 current USD per US$ of GDP | 0.0104 current USD per US$ of GDP | 0.0156 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?
- Korea, at 0.0254 current USD per US$ of GDP against 0.0104 current USD per US$ of GDP in Latin America & Caribbean as of 2024.
- What is the difference in military expenditure (current usd), per unit of gdp between Korea and Latin America & Caribbean?
- 0.015 current USD per US$ of GDP, with Korea ahead.
- How many years of comparable data are there for Korea and Latin America & Caribbean?
- 65 years are reported by both, from 1960 to 2024.
- How do Korea and Latin America & Caribbean rank globally for military expenditure (current usd), per unit of gdp?
- Korea ranks 43rd and Latin America & Caribbean ranks 41st 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.