Military expenditure (current USD), annual growth rate in South Korea
South Korea: Military expenditure (current USD), annual growth rate was -0.4824 % change on previous year in 2024. ◆ Volatile
Latest (2024)
-0.4824 % change on previous year
Change on year
down 115.6%
World rank
122nd
of 164 countries
All-time high
65.73 % change on previous year
in 1976
All-time low
-43.02 % change on previous year
in 1961
Years of data
64
1961–2024
Military expenditure (current USD), annual growth rate in South Korea, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, military expenditure (current usd), annual growth rate in South Korea stood at -0.4824 % change on previous year.
That represents a change of down 115.6% on the previous year and down 105.1% over ten years.
Over the whole period, military expenditure (current usd), annual growth rate in South Korea peaked at 65.73 % change on previous year in 1976 and was at its lowest, -43.02 % change on previous year, in 1961.
South Korea ranks 122nd of 164 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure (current USD), annual growth rate in South Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | -43.02 % change on previous year | — |
| 1962 | 18.52 % change on previous year | -143.1% |
| 1963 | -0.4131 % change on previous year | -102.2% |
| 1964 | -25.84 % change on previous year | +6155.2% |
| 1965 | -3.89 % change on previous year | -84.9% |
| 1966 | 33.88 % change on previous year | -970.9% |
| 1967 | 23.29 % change on previous year | -31.3% |
| 1968 | 27.78 % change on previous year | +19.3% |
| 1969 | 24.52 % change on previous year | -11.8% |
| 1970 | 11.35 % change on previous year | -53.7% |
| 1971 | 19.28 % change on previous year | +69.9% |
| 1972 | 15.42 % change on previous year | -20.0% |
| 1973 | 2.41 % change on previous year | -84.3% |
| 1974 | 56.57 % change on previous year | +2244.5% |
| 1975 | 20.87 % change on previous year | -63.1% |
| 1976 | 65.73 % change on previous year | +214.9% |
| 1977 | 30.95 % change on previous year | -52.9% |
| 1978 | 42.57 % change on previous year | +37.5% |
| 1979 | 11.08 % change on previous year | -74.0% |
| 1980 | 12.34 % change on previous year | +11.4% |
| 1981 | 12.14 % change on previous year | -1.7% |
| 1982 | 4.09 % change on previous year | -66.3% |
| 1983 | 1.46 % change on previous year | -64.4% |
| 1984 | 0.9607 % change on previous year | -34.0% |
| 1985 | 2.61 % change on previous year | +172.0% |
| 1986 | 9.04 % change on previous year | +246.0% |
| 1987 | 13.44 % change on previous year | +48.6% |
| 1988 | 28 % change on previous year | +108.4% |
| 1989 | 22.46 % change on previous year | -19.8% |
| 1990 | 6.78 % change on previous year | -69.8% |
| 1991 | 8.37 % change on previous year | +23.4% |
| 1992 | 6.01 % change on previous year | -28.2% |
| 1993 | 6.57 % change on previous year | +9.3% |
| 1994 | 9.23 % change on previous year | +40.5% |
| 1995 | 18.98 % change on previous year | +105.7% |
| 1996 | 2.01 % change on previous year | -89.4% |
| 1997 | -9.51 % change on previous year | -572.6% |
| 1998 | -29.57 % change on previous year | +211.0% |
| 1999 | 15.65 % change on previous year | -152.9% |
| 2000 | 14.1 % change on previous year | -9.9% |
| 2001 | -6.23 % change on previous year | -144.1% |
| 2002 | 8.96 % change on previous year | -243.9% |
| 2003 | 12.38 % change on previous year | +38.1% |
| 2004 | 12.51 % change on previous year | +1.1% |
| 2005 | 24.28 % change on previous year | +94.1% |
| 2006 | 13.62 % change on previous year | -43.9% |
| 2007 | 10.12 % change on previous year | -25.7% |
| 2008 | -5.96 % change on previous year | -158.9% |
| 2009 | -5.74 % change on previous year | -3.8% |
| 2010 | 14.65 % change on previous year | -355.1% |
| 2011 | 10 % change on previous year | -31.7% |
| 2012 | 3.1 % change on previous year | -69.0% |
| 2013 | 7.38 % change on previous year | +138.4% |
| 2014 | 9.45 % change on previous year | +27.9% |
| 2015 | -2.61 % change on previous year | -127.7% |
| 2016 | 0.86 % change on previous year | -132.9% |
| 2017 | 6.2 % change on previous year | +620.5% |
| 2018 | 9.95 % change on previous year | +60.7% |
| 2019 | 2.4 % change on previous year | -75.9% |
| 2020 | 4.57 % change on previous year | +90.6% |
| 2021 | 10.31 % change on previous year | +125.8% |
| 2022 | -8.86 % change on previous year | -185.9% |
| 2023 | 3.1 % change on previous year | -135.0% |
| 2024 | -0.4824 % change on previous year | -115.6% |
South Korea compared with similar countries
- South Korea's -0.4824 % change on previous year is below the median for high income countries, which is 10.89 % change on previous year. (52 countries reporting)
- South Korea's -0.4824 % change on previous year is below the median for East Asia & Pacific, which is 6.2 % change on previous year. (19 countries reporting)
Biggest year-on-year movements
Years where Military expenditure (current USD), annual growth rate in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1964 | -6155.2% | -0.4131 % change on previous year | -25.84 % change on previous year |
| 1974 | +2244.5% | 2.41 % change on previous year | 56.57 % change on previous year |
| 1966 | +970.9% | -3.89 % change on previous year | 33.88 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.09 % change on previous year | -43.02 % change on previous year | 33.88 % change on previous year | 9 |
| 1970s | 27.62 % change on previous year | 2.41 % change on previous year | 65.73 % change on previous year | 10 |
| 1980s | 10.65 % change on previous year | 0.9607 % change on previous year | 28 % change on previous year | 10 |
| 1990s | 3.45 % change on previous year | -29.57 % change on previous year | 18.98 % change on previous year | 10 |
| 2000s | 7.8 % change on previous year | -6.23 % change on previous year | 24.28 % change on previous year | 10 |
| 2010s | 6.14 % change on previous year | -2.61 % change on previous year | 14.65 % change on previous year | 10 |
| 2020s | 1.73 % change on previous year | -8.86 % change on previous year | 10.31 % change on previous year | 5 |
Countries ranked near South Korea
- 119 Ecuador 0.2229 % change on previous year compare
- 120 Ukraine -0.3127 % change on previous year compare
- 121 Afghanistan -0.4743 % change on previous year compare
- 123 New Zealand -1.01 % change on previous year compare
- 124 Belize -1.4 % change on previous year compare
- 125 South Africa -1.41 % change on previous year compare
More public sector data for South Korea
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 222.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 19.5 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 362.84 % change on previous year (2024)
Frequently asked questions
- What is military expenditure (current usd), annual growth rate in South Korea?
- Military expenditure (current usd), annual growth rate in South Korea was -0.4824 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), annual growth rate recorded in South Korea?
- The highest recorded value was 65.73 % change on previous year in 1976.
- What is the lowest military expenditure (current usd), annual growth rate recorded in South Korea?
- The lowest recorded value was -43.02 % change on previous year in 1961.
- How does South Korea rank for military expenditure (current usd), annual growth rate?
- South Korea ranks 122nd out of 164 countries with data for 2024.
- Is military expenditure (current usd), annual growth rate rising or falling in South Korea?
- Over the last ten years it is down 105.1%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Statizoid (derived), published as part of Military expenditure (current USD), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Military expenditure (current USD). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Military expenditure SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Military expenditure (current USD). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.