Military Expenditure in South Korea increased to 46281 USD Million in 2019 from 43070 USD Million in 2018. source: SIPRI

Military Expenditure in South Korea averaged 15766.75 USD Million from 1953 until 2019, reaching an all time high of 46281 USD Million in 2019 and a record low of 199 USD Million in 1953. South Korea Military Expenditure - values, historical data and charts - was last updated on May of 2021.

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.

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South Korea Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
46281.00 43070.00 46281.00 199.00 1953 - 2019 USD Million Yearly
constant 2018 prices

South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 42.60 36.40 42.60 8.24 percent [+]
Government Budget -2.60 -0.60 3.47 -4.10 percent of GDP [+]
Government Budget Value -12694.00 3442.00 42914.00 -89971.00 KRW Billion [+]
Government Spending 81349.10 79988.00 81349.10 2925.40 KRW Billion [+]
Government Revenues 92518.00 55261.00 443853.00 14987.00 KRW Billion [+]
Fiscal Expenditure 105212.00 51819.00 472025.00 7012.00 KRW Billion [+]
Asylum Applications 15451.00 16173.00 16173.00 4.00 Persons [+]
Government Spending To GDP 31.15 30.27 34.90 18.60 percent [+]
Military Expenditure 46281.00 43070.00 46281.00 199.00 USD Million [+]
Credit Rating 86.00 [+]