Military Expenditure in South Korea increased to 37559.90 USD Million in 2017 from 36934.40 USD Million in 2016. Military Expenditure in South Korea averaged 13631.85 USD Million from 1953 until 2017, reaching an all time high of 37559.90 USD Million in 2017 and a record low of 182.70 USD Million in 1953.

Military Expenditure in South Korea is expected to be 38200.00 USD Million by the end of this quarter, 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 2020, according to our econometric models.

South Korea Military Expenditure
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South Korea Government Last Previous Highest Lowest Unit
Government Debt to GDP 38.00 38.30 38.30 8.24 percent [+]
Government Budget -2.00 -2.40 3.47 -4.10 percent of GDP [+]
Government Budget Value 37409.00 28653.00 42914.00 -28619.00 KRW Billion [+]
Government Spending 62355.80 60505.20 62355.80 2742.81 KRW Billion [+]
Government Revenues 408637.00 381115.00 408637.00 14987.00 KRW Billion [+]
Fiscal Expenditure 371229.00 352462.00 379809.00 7012.00 KRW Billion [+]
Credit Rating 84.40 [+]
Government Spending To GDP 32.26 32.30 34.90 18.60 percent [+]
Military Expenditure 37559.90 36934.40 37559.90 182.70 USD Million [+]
Asylum Applications 652.00 591.00 775.00 1.00 Persons [+]


South Korea Military Expenditure

South Korea Military Expenditure - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
37559.90 36934.40 37559.90 182.70 1953 - 2017 USD Million Yearly
constant 2016 prices




Country Last Previous
Argentina 5164.97 Dec/17
Australia 26102.32 Dec/17
Brazil 25751.34 Dec/17
Canada 19837.10 Dec/17
China 228173.00 Dec/17
France 56287.40 Dec/17
Germany 43023.00 Dec/17
India 59757.10 Dec/17
Indonesia 7910.80 Dec/17
Italy 28416.60 Dec/17
Japan 46555.98 Dec/17
Mexico 5532.60 Dec/17
Netherlands 9780.20 Dec/17
Russia 55327.20 Dec/17
Saudi Arabia 69521.40 Dec/17
Singapore 10122.00 Dec/17
South Africa 3110.20 Dec/17
South Korea 37559.90 Dec/17
Spain 15686.00 Dec/17
Switzerland 4603.60 Dec/17
Turkey 19579.90 Dec/17
United Kingdom 48383.40 Dec/17
United States 597177.90 Dec/17


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