In 2021, South Korea's defense spending increased by 2.8 percent year-on-year. While South Korea's military spending has increased in recent years, the country has allocated about 54.6 trillion South Korean won for its defense budget in 2022.
National defense expenditure growth rate in South Korea from 2011 to 2021
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Growth rate
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Department of Defence (Australia). (September 1, 2023). National defense expenditure growth rate in South Korea from 2011 to 2021 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1040701/south-korea-national-defense-expenditure-growth-rate/
Department of Defence (Australia). "National defense expenditure growth rate in South Korea from 2011 to 2021." Chart. September 1, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1040701/south-korea-national-defense-expenditure-growth-rate/
Department of Defence (Australia). (2023). National defense expenditure growth rate in South Korea from 2011 to 2021. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1040701/south-korea-national-defense-expenditure-growth-rate/
Department of Defence (Australia). "National Defense Expenditure Growth Rate in South Korea from 2011 to 2021." Statista, Statista Inc., 1 Sep 2023, https://www.statista.com/statistics/1040701/south-korea-national-defense-expenditure-growth-rate/
Department of Defence (Australia), National defense expenditure growth rate in South Korea from 2011 to 2021 Statista, https://www.statista.com/statistics/1040701/south-korea-national-defense-expenditure-growth-rate/ (last visited July 22, 2024)
National defense expenditure growth rate in South Korea from 2011 to 2021 [Graph], Department of Defence (Australia), September 1, 2023. [Online]. Available: https://www.statista.com/statistics/1040701/south-korea-national-defense-expenditure-growth-rate/