South Korea vs Latin America & Caribbean (excluding high income): Military expenditure
South Korea
2.6%
in 2024
Latin America & Caribbean (excluding high income)
1.1%
in 2024
South Korea rank
44th
Latin America & Caribbean (excluding high income) rank
41st
Military expenditure over time
- South Korea
- Latin America & Caribbean (excluding high income)
How they compare
South Korea currently reports 2.6% against 1.1% in Latin America & Caribbean (excluding high income), a difference of 1.5%.
That makes South Korea's figure about 2.3 times Latin America & Caribbean (excluding high income)'s.
Across all 65 years both countries report, South Korea has been ahead every year.
South Korea ranks 44th and Latin America & Caribbean (excluding high income) ranks 41st of 165 countries.
South Korea has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | South Korea | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 5.3% | 1.9% | 3.4% | South Korea |
| 1970s | 5.1% | 1.9% | 3.2% | South Korea |
| 1980s | 5.3% | 1.6% | 3.7% | South Korea |
| 1990s | 3.2% | 1.4% | 1.8% | South Korea |
| 2000s | 2.3% | 1.2% | 1.1% | South Korea |
| 2010s | 2.4% | 1.2% | 1.1% | South Korea |
| 2020s | 2.6% | 1.1% | 1.5% | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher military expenditure, South Korea or Latin America & Caribbean (excluding high income)?
- South Korea, at 2.6% against 1.1% in Latin America & Caribbean (excluding high income) as of 2024.
- What is the difference in military expenditure between South Korea and Latin America & Caribbean (excluding high income)?
- 1.5%, with South Korea ahead.
- How many years of comparable data are there for South Korea and Latin America & Caribbean (excluding high income)?
- 65 years are reported by both, from 1960 to 2024.
- How do South Korea and Latin America & Caribbean (excluding high income) rank globally for military expenditure?
- South Korea ranks 44th and Latin America & Caribbean (excluding high income) ranks 41st of 165 countries.
- Where does this data come from?
- SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as Military expenditure (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Military expenditure by country as percentage of gross domestic product