Military expenditure (current USD), per unit of GDP in South Korea
South Korea: Military expenditure (current USD), per unit of GDP was 0.0254 current USD per US$ of GDP in 2024. ▼ Falling
Latest (2024)
0.0254 current USD per US$ of GDP
Change on year
down 2.1%
World rank
43rd
of 166 countries
All-time high
0.0694 current USD per US$ of GDP
in 1960
All-time low
0.0217 current USD per US$ of GDP
in 2004
Years of data
65
1960–2024
Military expenditure (current USD), per unit of GDP in South Korea, 1960–2024
Source: Statizoid (derived). Measured in current USD per US$ of GDP.
Analysis
The most recent figure for military expenditure (current usd), per unit of gdp in South Korea is 0.0254 current USD per US$ of GDP, measured in 2024.
That represents a change of down 2.1% on the previous year and up 5.1% over ten years.
Over the whole period, military expenditure (current usd), per unit of gdp in South Korea peaked at 0.0694 current USD per US$ of GDP in 1960 and was at its lowest, 0.0217 current USD per US$ of GDP, in 2004.
That places South Korea 43rd out of 166 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 65 years of available data.
Military expenditure (current USD), per unit of GDP in South Korea, year by year
| Year | current USD per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.0694 current USD per US$ of GDP | — |
| 1961 | 0.0647 current USD per US$ of GDP | -6.7% |
| 1962 | 0.0659 current USD per US$ of GDP | +1.8% |
| 1963 | 0.0463 current USD per US$ of GDP | -29.8% |
| 1964 | 0.0395 current USD per US$ of GDP | -14.5% |
| 1965 | 0.0421 current USD per US$ of GDP | +6.4% |
| 1966 | 0.0447 current USD per US$ of GDP | +6.3% |
| 1967 | 0.0446 current USD per US$ of GDP | -0.3% |
| 1968 | 0.0452 current USD per US$ of GDP | +1.4% |
| 1969 | 0.0448 current USD per US$ of GDP | -0.8% |
| 1970 | 0.0425 current USD per US$ of GDP | -5.1% |
| 1971 | 0.0461 current USD per US$ of GDP | +8.3% |
| 1972 | 0.0484 current USD per US$ of GDP | +5.1% |
| 1973 | 0.0387 current USD per US$ of GDP | -20.0% |
| 1974 | 0.0429 current USD per US$ of GDP | +10.9% |
| 1975 | 0.0466 current USD per US$ of GDP | +8.5% |
| 1976 | 0.0563 current USD per US$ of GDP | +20.7% |
| 1977 | 0.0573 current USD per US$ of GDP | +1.8% |
| 1978 | 0.0604 current USD per US$ of GDP | +5.4% |
| 1979 | 0.052 current USD per US$ of GDP | -13.8% |
| 1980 | 0.0598 current USD per US$ of GDP | +14.9% |
| 1981 | 0.0601 current USD per US$ of GDP | +0.5% |
| 1982 | 0.0581 current USD per US$ of GDP | -3.2% |
| 1983 | 0.0526 current USD per US$ of GDP | -9.5% |
| 1984 | 0.0477 current USD per US$ of GDP | -9.3% |
| 1985 | 0.0471 current USD per US$ of GDP | -1.4% |
| 1986 | 0.0444 current USD per US$ of GDP | -5.7% |
| 1987 | 0.0397 current USD per US$ of GDP | -10.6% |
| 1988 | 0.0376 current USD per US$ of GDP | -5.2% |
| 1989 | 0.0372 current USD per US$ of GDP | -1.0% |
| 1990 | 0.0346 current USD per US$ of GDP | -7.1% |
| 1991 | 0.0321 current USD per US$ of GDP | -7.1% |
| 1992 | 0.0317 current USD per US$ of GDP | -1.5% |
| 1993 | 0.0305 current USD per US$ of GDP | -3.6% |
| 1994 | 0.0282 current USD per US$ of GDP | -7.5% |
| 1995 | 0.0274 current USD per US$ of GDP | -2.8% |
| 1996 | 0.026 current USD per US$ of GDP | -5.2% |
| 1997 | 0.0252 current USD per US$ of GDP | -3.1% |
| 1998 | 0.0263 current USD per US$ of GDP | +4.5% |
| 1999 | 0.0235 current USD per US$ of GDP | -10.9% |
| 2000 | 0.0231 current USD per US$ of GDP | -1.5% |
| 2001 | 0.0228 current USD per US$ of GDP | -1.3% |
| 2002 | 0.0217 current USD per US$ of GDP | -4.9% |
| 2003 | 0.0218 current USD per US$ of GDP | +0.3% |
| 2004 | 0.0217 current USD per US$ of GDP | -0.4% |
| 2005 | 0.0228 current USD per US$ of GDP | +5.3% |
| 2006 | 0.023 current USD per US$ of GDP | +0.8% |
| 2007 | 0.0227 current USD per US$ of GDP | -1.2% |
| 2008 | 0.0239 current USD per US$ of GDP | +5.2% |
| 2009 | 0.025 current USD per US$ of GDP | +4.7% |
| 2010 | 0.0236 current USD per US$ of GDP | -5.5% |
| 2011 | 0.0237 current USD per US$ of GDP | +0.4% |
| 2012 | 0.0239 current USD per US$ of GDP | +0.9% |
| 2013 | 0.0239 current USD per US$ of GDP | -0.1% |
| 2014 | 0.0241 current USD per US$ of GDP | +0.9% |
| 2015 | 0.0238 current USD per US$ of GDP | -1.5% |
| 2016 | 0.0234 current USD per US$ of GDP | -1.7% |
| 2017 | 0.0229 current USD per US$ of GDP | -1.9% |
| 2018 | 0.0236 current USD per US$ of GDP | +3.1% |
| 2019 | 0.0252 current USD per US$ of GDP | +6.7% |
| 2020 | 0.0264 current USD per US$ of GDP | +5.0% |
| 2021 | 0.0262 current USD per US$ of GDP | -0.9% |
| 2022 | 0.0258 current USD per US$ of GDP | -1.6% |
| 2023 | 0.0259 current USD per US$ of GDP | +0.6% |
| 2024 | 0.0254 current USD per US$ of GDP | -2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0507 current USD per US$ of GDP | 0.0395 current USD per US$ of GDP | 0.0694 current USD per US$ of GDP | 10 |
| 1970s | 0.0491 current USD per US$ of GDP | 0.0387 current USD per US$ of GDP | 0.0604 current USD per US$ of GDP | 10 |
| 1980s | 0.0484 current USD per US$ of GDP | 0.0372 current USD per US$ of GDP | 0.0601 current USD per US$ of GDP | 10 |
| 1990s | 0.0286 current USD per US$ of GDP | 0.0235 current USD per US$ of GDP | 0.0346 current USD per US$ of GDP | 10 |
| 2000s | 0.0228 current USD per US$ of GDP | 0.0217 current USD per US$ of GDP | 0.025 current USD per US$ of GDP | 10 |
| 2010s | 0.0238 current USD per US$ of GDP | 0.0229 current USD per US$ of GDP | 0.0252 current USD per US$ of GDP | 10 |
| 2020s | 0.0259 current USD per US$ of GDP | 0.0254 current USD per US$ of GDP | 0.0264 current USD per US$ of GDP | 5 |
Countries ranked near South Korea
- 40 Central African Republic 0.0259 current USD per US$ of GDP compare
- 41 Serbia 0.0258 current USD per US$ of GDP compare
- 42 Tunisia 0.0256 current USD per US$ of GDP compare
- 44 East Timor 0.0249 current USD per US$ of GDP compare
- 45 Lebanon 0.0245 current USD per US$ of GDP compare
- 46 Mauritania 0.0239 current USD per US$ of GDP compare
More public sector data for South 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), annual growth rate -0.4824 % change on previous year (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), per unit of gdp in South Korea?
- Military expenditure (current usd), per unit of gdp in South Korea was 0.0254 current USD per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), per unit of gdp recorded in South Korea?
- The highest recorded value was 0.0694 current USD per US$ of GDP in 1960.
- What is the lowest military expenditure (current usd), per unit of gdp recorded in South Korea?
- The lowest recorded value was 0.0217 current USD per US$ of GDP in 2004.
- How does South Korea rank for military expenditure (current usd), per unit of gdp?
- South Korea ranks 43rd out of 166 countries with data for 2024.
- Is military expenditure (current usd), per unit of gdp rising or falling in South Korea?
- Over the last ten years it is up 5.1%. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from Statizoid (derived), published as part of Military expenditure (current USD), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Military expenditure (current USD) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Military expenditure (current USD) ÷ GDP (current US$)
Computed from
- Military expenditure SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.