Italy vs Korea, Republic of: Military expenditure
Italy
37.96 billion current USD
in 2024
Korea, Republic of
47.57 billion current USD
in 2024
Italy rank
14th
Korea, Republic of rank
11th
Military expenditure over time
- Italy
- Korea, Republic of
How they compare
Korea, Republic of currently reports 47.57 billion current USD against 37.96 billion current USD in Italy, a difference of 9.61 billion current USD.
That makes Korea, Republic of's figure about 1.3 times Italy's.
The two have swapped places 1 time across 65 shared years of data; in 1960 it was Italy ahead.
Italy ranks 14th and Korea, Republic of ranks 11th of 167 countries.
Across the 7 decades both report, Italy averaged higher in 5 and Korea, Republic of in 2.
Head to head by decade
| Decade | Italy | Korea, Republic of | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 1.59 billion current USD | 209.46 million current USD | 1.38 billion current USD | Italy |
| 1970s | 4.07 billion current USD | 1.45 billion current USD | 2.63 billion current USD | Italy |
| 1980s | 11.10 billion current USD | 5.60 billion current USD | 5.50 billion current USD | Italy |
| 1990s | 20.08 billion current USD | 12.85 billion current USD | 7.23 billion current USD | Italy |
| 2000s | 28.03 billion current USD | 20.02 billion current USD | 8.01 billion current USD | Italy |
| 2010s | 28.18 billion current USD | 36.28 billion current USD | 8.10 billion current USD | Korea, Republic of |
| 2020s | 35.75 billion current USD | 47.75 billion current USD | 12.00 billion current USD | Korea, Republic of |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military expenditure, Italy or Korea, Republic of?
- Korea, Republic of, at 47.57 billion current USD against 37.96 billion current USD in Italy as of 2024.
- What is the difference in military expenditure between Italy and Korea, Republic of?
- 9.61 billion current USD, with Korea, Republic of ahead.
- How many years of comparable data are there for Italy and Korea, Republic of?
- 65 years are reported by both, from 1960 to 2024.
- How do Italy and Korea, Republic of rank globally for military expenditure?
- Italy ranks 14th and Korea, Republic of ranks 11th of 167 countries.
- 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)