Military Expenditure in South Korea increased to 41157 USD Million in 2018 from 39171 USD Million in 2017.
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 September of 2020. source: SIPRI
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.