European Union vs Republic of Korea: Military expenditure
European Union
368.50 billion current USD
in 2024
Republic of Korea
47.57 billion current USD
in 2024
European Union rank
1st
Republic of Korea rank
11th
Military expenditure over time
- European Union
- Republic of Korea
How they compare
European Union currently reports 368.50 billion current USD against 47.57 billion current USD in Republic of Korea, a difference of 320.93 billion current USD.
That makes European Union's figure about 7.7 times Republic of Korea's.
Across all 65 years both countries report, European Union has been ahead every year.
European Union ranks 1st and Republic of Korea ranks 11th of 2 regions.
European Union has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | European Union | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 20.19 billion current USD | 209.46 million current USD | 19.98 billion current USD | European Union |
| 1970s | 52.78 billion current USD | 1.45 billion current USD | 51.33 billion current USD | European Union |
| 1980s | 89.05 billion current USD | 5.60 billion current USD | 83.45 billion current USD | European Union |
| 1990s | 140.10 billion current USD | 12.85 billion current USD | 127.26 billion current USD | European Union |
| 2000s | 174.53 billion current USD | 20.02 billion current USD | 154.50 billion current USD | European Union |
| 2010s | 204.28 billion current USD | 36.28 billion current USD | 168.00 billion current USD | European Union |
| 2020s | 286.64 billion current USD | 47.75 billion current USD | 238.90 billion current USD | European Union |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military expenditure, European Union or Republic of Korea?
- European Union, at 368.50 billion current USD against 47.57 billion current USD in Republic of Korea as of 2024.
- What is the difference in military expenditure between European Union and Republic of Korea?
- 320.93 billion current USD, with European Union ahead.
- How many years of comparable data are there for European Union and Republic of Korea?
- 65 years are reported by both, from 1960 to 2024.
- How do European Union and Republic of Korea rank globally for military expenditure?
- European Union ranks 1st and Republic of Korea ranks 11th of 2 regions.
- Where does this data come from?
- SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as Military expenditure (current USD). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)