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 July 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
46056.00 43891.00 46056.00 189.00 1953 - 2020 USD Million Yearly
Constant 2019 prices

South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 42.60 36.40 42.60 8.24 percent of GDP [+]
Government Budget -6.10 -2.60 3.47 -6.10 percent of GDP [+]
Government Budget Value -20477.00 -16347.00 42914.00 -89971.00 KRW Billion [+]
Government Spending 81349.10 79988.00 81349.10 2925.40 KRW Billion [+]
Government Revenues 247759.00 206719.00 443853.00 14987.00 KRW Billion [+]
Fiscal Expenditure 268236.00 223066.00 472025.00 7012.00 KRW Billion [+]
Credit Rating 86.00 [+]
Military Expenditure 46056.00 43891.00 46056.00 189.00 USD Million [+]
Asylum Applications 6684.00 15451.00 16173.00 4.00 Persons [+]
Government Spending To GDP 31.15 30.27 32.28 17.90 percent of GDP [+]