Military expenditure (current USD), gaps filled in Republic of Korea
Republic of Korea: Military expenditure (current USD), gaps filled was 47.57 billion current USD in 2024. ◆ Volatile
Military expenditure (current USD), gaps filled in Republic of Korea, 1960–2024
Source: Statizoid (derived). Measured in current USD.
Analysis
The most recent figure for military expenditure (current usd), gaps filled in Republic of Korea is 47.57 billion current USD, measured in 2024.
The figure is down 0.5% on the previous year and up 26.7% over ten years.
Over the whole period, military expenditure (current usd), gaps filled in Republic of Korea peaked at 50.87 billion current USD in 2021 and was at its lowest, 132.13 million current USD, in 1965.
Republic of Korea ranks 11th of 167 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 209.46 million current USD | 132.13 million current USD | 347.03 million current USD | 10 |
| 1970s | 1.45 billion current USD | 386.40 million current USD | 3.54 billion current USD | 10 |
| 1980s | 5.60 billion current USD | 3.98 billion current USD | 9.47 billion current USD | 10 |
| 1990s | 12.85 billion current USD | 10.11 billion current USD | 16.41 billion current USD | 10 |
| 2000s | 20.02 billion current USD | 12.94 billion current USD | 27.73 billion current USD | 10 |
| 2010s | 36.28 billion current USD | 28.18 billion current USD | 44.10 billion current USD | 10 |
| 2020s | 47.75 billion current USD | 46.12 billion current USD | 50.87 billion current USD | 5 |
Countries ranked near Republic of Korea
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), annual growth rate -0.4824 % change on previous year (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), gaps filled in Republic of Korea?
- Military expenditure (current usd), gaps filled in Republic of Korea was 47.57 billion current USD in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), gaps filled recorded in Republic of Korea?
- The highest recorded value was 50.87 billion current USD in 2021.
- What is the lowest military expenditure (current usd), gaps filled recorded in Republic of Korea?
- The lowest recorded value was 132.13 million current USD in 1965.
- How does Republic of Korea rank for military expenditure (current usd), gaps filled?
- Republic of Korea ranks 11th out of 167 countries with data for 2024.
- Is military expenditure (current usd), gaps filled rising or falling in Republic of Korea?
- Over the last ten years it is up 26.7%. 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), gaps filled. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Military expenditure (current USD) with 107 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.
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
Military expenditure (current USD) with 107 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.