The ratio of military expenditure to gross domestic product (GDP) in South Korea decreased by 0.1 percentage points (-3.56 percent) compared to the previous year. Nevertheless, the last two years recorded a significantly higher ratio than the preceding years. These figures refer to the total amount of money spent on a country's military, as a share of its gross domestic product (GDP). These figures apply to current expenditure on a country's armed forces, including peacekeeping forces and defense ministries, among others.
Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like China and Japan.
South Korea: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022
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World Bank. (September 19, 2024). South Korea: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/939358/ratio-of-military-expenditure-to-gross-domestic-product-gdp-south-korea/
World Bank. "South Korea: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022." Chart. September 19, 2024. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/939358/ratio-of-military-expenditure-to-gross-domestic-product-gdp-south-korea/
World Bank. (2024). South Korea: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/939358/ratio-of-military-expenditure-to-gross-domestic-product-gdp-south-korea/
World Bank. "South Korea: Ratio of Military Spending to Gross Domestic Product (Gdp) from 2012 to 2022." Statista, Statista Inc., 19 Sep 2024, https://www.statista.com/statistics/939358/ratio-of-military-expenditure-to-gross-domestic-product-gdp-south-korea/
World Bank, South Korea: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 Statista, https://www.statista.com/statistics/939358/ratio-of-military-expenditure-to-gross-domestic-product-gdp-south-korea/ (last visited November 03, 2024)
South Korea: Ratio of military spending to gross domestic product (GDP) from 2012 to 2022 [Graph], World Bank, September 19, 2024. [Online]. Available: https://www.statista.com/statistics/939358/ratio-of-military-expenditure-to-gross-domestic-product-gdp-south-korea/
