South Korea Military Spending
South Korea military spending data with historical trend, latest available year, ranking, source notes and country comparison. Latest value: 2.56%.
South Korea · Economic Stability Rating
Composite rating based on inflation, growth, debt, unemployment and current account.
South Korea · military spending data as percent of GDP.
Countries by military spending
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Prices & Inflation3
Growth & Output9
Public Finance8
Labor Market6
External Sector5
Monetary & Financial7
Population & Society7
Energy & Environment2
Interpretation
South Korea recorded 2.56% for Military Spending in 2024, the latest available observation in this dataset.
Compared with 2023, the indicator decreased by 0.04 percentage points, from 2.60% to 2.56%.
The latest observation is above the average of the last 10 available observations (2.49%).
Across the five latest available observations (2020–2024), the pattern is predominantly downward.
Within the last 10 available observations, the low was 2.30% in 2017 and the high was 2.64% in 2020.