Military expenditure (current USD), annual growth rate in Republic of Korea
Republic of 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 Republic of Korea, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, military expenditure (current usd), annual growth rate in Republic of 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 Republic of Korea peaked at 65.73 % change on previous year in 1976 and was at its lowest, -43.02 % change on previous year, in 1961.
Republic of 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 Republic of 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% |
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 Republic of 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 Republic of Korea
- Arms imports 1.01 billion SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 1.01 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 919.23 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0254 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 47.57 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 2,234 SIPRI trend indicator values per square kilometre (2023)
- Military expenditure (current USD), per square kilometre 489,774 current USD per square kilometre (2023)
Frequently asked questions
- What is military expenditure (current usd), annual growth rate in Republic of Korea?
- Military expenditure (current usd), annual growth rate in Republic of 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 Republic of 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 Republic of Korea?
- The lowest recorded value was -43.02 % change on previous year in 1961.
- How does Republic of Korea rank for military expenditure (current usd), annual growth rate?
- Republic of Korea ranks 122nd out of 164 countries with data for 2024.
- Is military expenditure (current usd), annual growth rate rising or falling in Republic of Korea?
- Over the last ten years it is down 105.1%. The long-run trend across the full record is volatile.
- Where does this Republic of 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.