Military Expenditure in South Korea increased to 41157 USD Million in 2018 from 39171 USD Million in 2017. source: SIPRI

Military Expenditure in South Korea averaged 14624.85 USD Million from 1953 until 2018, reaching an all time high of 41157 USD Million in 2018 and a record low of 190 USD Million in 1953. South Korea Military Expenditure - values, historical data and charts - was last updated on November of 2020.

Military Expenditure in South Korea is expected to reach 40650.00 USD Million by the end of 2020, 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 2021, according to our econometric models.

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South Korea Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
41157.00 39171.00 41157.00 190.00 1953 - 2018 USD Million Yearly
constant 2017 prices

South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 37.70 36.60 39.90 8.24 percent [+]
Government Budget -2.60 -0.60 3.47 -4.10 percent of GDP [+]
Government Budget Value -80461.00 -70888.00 42914.00 -89971.00 KRW Billion [+]
Government Spending 80247.40 80151.90 80247.40 2925.40 KRW Billion [+]
Government Revenues 330364.00 296469.00 443853.00 14987.00 KRW Billion [+]
Fiscal Expenditure 410825.00 367357.00 455850.00 7012.00 KRW Billion [+]
Military Expenditure 41157.00 39171.00 41157.00 190.00 USD Million [+]
Credit Rating 86.00 [+]
Asylum Applications 839.00 1059.00 2260.00 1.00 Persons [+]
Government Spending To GDP 30.27 30.30 34.90 18.60 percent [+]