Military Expenditure in South Korea increased to 46056 USD Million in 2020 from 43891 USD Million in 2019. source: SIPRI
Military Expenditure in South Korea averaged 15399.13 USD Million from 1953 until 2020, reaching an all time high of 46056 USD Million in 2020 and a record low of 189 USD Million in 1953. South Korea Military Expenditure - values, historical data and charts - was last updated on June of 2022.
Military Expenditure in South Korea is expected to reach 40650.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Military Expenditure is projected to trend around 40650.00 USD Million in 2022, according to our econometric models.