Military Expenditure in South Korea decreased to 47571.30 USD Million in 2024 from 47801.90 USD Million in 2023. Military Expenditure in South Korea averaged 13575.05 USD Million from 1950 until 2024, reaching an all time high of 50873.80 USD Million in 2021 and a record low of 62.20 USD Million in 1953. source: SIPRI



Related Last Previous Unit Reference
Asylum Applications 18336.00 18837.00 Persons Dec 2024
Credit Rating 86.00 Feb 2026
Fiscal Expenditure 594398.00 557058.00 KRW Billion Nov 2025
Government Budget -3.90 -2.60 percent of GDP Dec 2024
Government Budget Value -43259.00 -43978.00 KRW Billion Nov 2025
Government Debt to GDP 46.80 45.50 percent of GDP Dec 2024
Government Revenues 551139.00 513080.00 KRW Billion Nov 2025
Government Spending 103620.70 102260.50 KRW Billion Sep 2025
Government Spending to GDP 35.60 37.02 percent of GDP Dec 2023
Holidays
Military Expenditure 47571.30 47801.90 USD Million Dec 2024


South Korea Military Expenditure
Actual Previous Highest Lowest Dates Unit Frequency
47571.30 47801.90 50873.80 62.20 1950 - 2024 USD Million Yearly
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