Statizoid

Australia vs South Korea: Military spending

Australia
38.94 billion constant 2022 US$
in 2023
South Korea
57.02 billion constant 2022 US$
in 2023
Australia rank
13th
South Korea rank
11th

Military spending over time

  • Australia
  • South Korea
020.0B40.0B60.0B192019712023

How they compare

South Korea currently reports 57.02 billion constant 2022 US$ against 38.94 billion constant 2022 US$ in Australia, a difference of 18.08 billion constant 2022 US$.

That makes South Korea's figure about 1.5 times Australia's.

The two have swapped places 3 times across 75 shared years of data; in 1949 it was Australia ahead.

Australia ranks 13th and South Korea ranks 11th of 172 countries.

Individual pages

About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.