Australia vs South Korea: Military spending gmsd

Australia
38.94 billion
in 2023
South Korea
57.02 billion
in 2023
Australia rank
13th
South Korea rank
11th

Military spending gmsd over time

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

How they compare

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

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.

Across the 9 decades both report, Australia averaged higher in 4 and South Korea in 5.

Head to head by decade

Decade Australia South Korea Difference Ahead
1940s 2.47 billion 123.11 million 2.34 billion Australia
1950s 3.49 billion 766.01 million 2.72 billion Australia
1960s 3.72 billion 1.17 billion 2.55 billion Australia
1970s 8.36 billion 4.45 billion 3.91 billion Australia
1980s 10.72 billion 12.20 billion 1.48 billion South Korea
1990s 12.66 billion 21.40 billion 8.73 billion South Korea
2000s 19.26 billion 25.72 billion 6.46 billion South Korea
2010s 30.07 billion 40.60 billion 10.53 billion South Korea
2020s 37.87 billion 56.50 billion 18.62 billion South Korea

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military spending gmsd, Australia or South Korea?
South Korea, at 57.02 billion against 38.94 billion in Australia as of 2023.
What is the difference in military spending gmsd between Australia and South Korea?
18.08 billion, with South Korea ahead.
How many years of comparable data are there for Australia and South Korea?
75 years are reported by both, from 1949 to 2023.
How do Australia and South Korea rank globally for military spending gmsd?
Australia ranks 13th and South Korea ranks 11th of 172 countries.
Where does this data come from?
Our World in Data, published as Military spending gmsd. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Australia vs South Korea: Military spending gmsd. Statizoid, drawing on Our World in Data. Retrieved 13 November 2026, from https://reference.statizoid.com/compare/military-spending-gmsd/australia/korea-rep/

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About this data

Indicator
Military spending gmsd
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed