South Korea Military Spending/Defense Budget 1960-2024
Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country).
- South Korea military spending/defense budget for 2022 was $46.37B, a 8.86% decline from 2021.
- South Korea military spending/defense budget for 2021 was $50.87B, a 10.31% increase from 2020.
- South Korea military spending/defense budget for 2020 was $46.12B, a 4.57% increase from 2019.
- South Korea military spending/defense budget for 2019 was $44.10B, a 2.4% increase from 2018.
| South Korea Military Spending/Defense Budget - Historical Data | ||
|---|---|---|
| Year | Billions of US $ | % of GDP |
| 2022 | $46.37B | 2.72% |
| 2021 | $50.87B | 2.81% |
| 2020 | $46.12B | 2.80% |
| 2019 | $44.10B | 2.67% |
| 2018 | $43.07B | 2.50% |
| 2017 | $39.17B | 2.42% |
| 2016 | $36.89B | 2.46% |
| 2015 | $36.57B | 2.50% |
| 2014 | $37.55B | 2.53% |
| 2013 | $34.31B | 2.50% |
| 2012 | $31.95B | 2.50% |
| 2011 | $30.99B | 2.47% |
| 2010 | $28.18B | 2.46% |
| 2009 | $24.58B | 2.60% |
| 2008 | $26.07B | 2.49% |
| 2007 | $27.73B | 2.47% |
| 2006 | $25.18B | 2.49% |
| 2005 | $22.16B | 2.47% |
| 2004 | $17.83B | 2.33% |
| 2003 | $15.85B | 2.33% |
| 2002 | $14.10B | 2.32% |
| 2001 | $12.94B | 2.43% |
| 2000 | $13.80B | 2.46% |
| 1999 | $12.10B | 2.49% |
| 1998 | $10.46B | 2.79% |
| 1997 | $14.85B | 2.66% |
| 1996 | $16.41B | 2.74% |
| 1995 | $16.09B | 2.89% |
| 1994 | $13.52B | 3.19% |
| 1993 | $12.38B | 3.42% |
| 1992 | $11.61B | 3.69% |
| 1991 | $10.96B | 3.71% |
| 1990 | $10.11B | 4.00% |
| 1989 | $9.47B | 4.29% |
| 1988 | $7.73B | 4.28% |
| 1987 | $6.04B | 4.47% |
| 1986 | $5.33B | 4.95% |
| 1985 | $4.88B | 5.23% |
| 1984 | $4.76B | 5.25% |
| 1983 | $4.71B | 5.73% |
| 1982 | $4.65B | 6.24% |
| 1981 | $4.46B | 6.42% |
| 1980 | $3.98B | 6.40% |
| 1979 | $3.54B | 5.53% |
| 1978 | $3.19B | 6.37% |
| 1977 | $2.24B | 6.03% |
| 1976 | $1.71B | 5.91% |
| 1975 | $1.03B | 4.88% |
| 1974 | $0.85B | 4.54% |
| 1973 | $0.54B | 4.03% |
| 1972 | $0.53B | 5.01% |
| 1971 | $0.46B | 4.74% |
| 1970 | $0.39B | 4.40% |
| 1969 | $0.35B | 4.69% |
| 1968 | $0.28B | 4.73% |
| 1967 | $0.22B | 4.69% |
| 1966 | $0.18B | 4.69% |
| 1965 | $0.13B | 4.41% |
| 1964 | $0.14B | 4.13% |
| 1963 | $0.19B | 4.82% |
| 1962 | $0.19B | 6.87% |
| 1961 | $0.16B | 6.73% |
| 1960 | $0.28B | 7.16% |