Korea, Rep.: Military expenditure (% of GDP)
In , Korea, Rep.'s Military expenditure (% of GDP) was 2.56.
That's down 1.4% from 2023, the highest value since .
The global average for this indicator in 2024 was 2.20 . Korea, Rep. ranks #34 globally out of 147 reporting countries. Within East Asia & Pacific, it ranks #5 of 17.
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS) • Data as of 2024
Trend (2005–2024)
Highlights
- Peak
- 2.64
- Trough
- 2.27
- 1-year change
- -1.4%
- 5-year change
- +1.7%
- +0.3% / yr
- 10-year change
- +6.2%
- +0.6% / yr
Historical Data — Last 10 Years
| Year | Military expenditure (% of GDP) |
|---|---|
| 2.5621 | |
| 2.5993 | |
| 2.5764 | |
| 2.6190 | |
| 2.6430 | |
| 2.5193 | |
| 2.3615 | |
| 2.2981 | |
| 2.3358 | |
| 2.3764 |
About Military expenditure (% of GDP)
Military expenditure by country as percentage of gross domestic product
Indicator code: MS.MIL.XPND.GD.ZS • Category: Public Sector
Frequently asked questions
- What was Korea, Rep.'s Military expenditure (% of GDP) in 2024?
- In 2024, Korea, Rep.'s Military expenditure (% of GDP) was 2.56, according to World Bank Open Data.
- Is Korea, Rep.'s Military expenditure (% of GDP) rising or falling?
- Korea, Rep.'s Military expenditure (% of GDP) fell 1.4% from 2023 to 2024.
- How does Korea, Rep. rank globally on Military expenditure (% of GDP)?
- In 2024, Korea, Rep. ranked #34 out of 147 countries reporting Military expenditure (% of GDP).
- How does Korea, Rep.'s Military expenditure (% of GDP) compare to the world average?
- The global average for Military expenditure (% of GDP) in 2024 was 2.20, so Korea, Rep. is above the world average. Within East Asia & Pacific, it ranks #5 of 17.
- What is Military expenditure (% of GDP) and how is it measured?
- Military expenditure by country as percentage of gross domestic product
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS), CC BY 4.0.