Italy vs South Korea: Military spending

Italy
45.44 billion constant 2024 US$
in 2025
South Korea
48.85 billion constant 2024 US$
in 2025
Italy rank
12th
South Korea rank
11th

Military spending over time

  • Italy
  • South Korea
010.0B20.0B30.0B40.0B50.0B194919872025

How they compare

South Korea currently reports 48.85 billion constant 2024 US$ against 45.44 billion constant 2024 US$ in Italy, a difference of 3.41 billion constant 2024 US$.

That makes South Korea's figure about 1.1 times Italy's.

The two have swapped places 1 time across 73 shared years of data; in 1953 it was Italy ahead.

Italy ranks 12th and South Korea ranks 11th of 162 countries.

Across the 8 decades both report, Italy averaged higher in 6 and South Korea in 2.

Head to head by decade

Decade Italy South Korea Difference Ahead
1950s 9.66 billion constant 2024 US$ 583.59 million constant 2024 US$ 9.07 billion constant 2024 US$ Italy
1960s 14.09 billion constant 2024 US$ 1.16 billion constant 2024 US$ 12.93 billion constant 2024 US$ Italy
1970s 19.89 billion constant 2024 US$ 5.10 billion constant 2024 US$ 14.79 billion constant 2024 US$ Italy
1980s 27.83 billion constant 2024 US$ 11.95 billion constant 2024 US$ 15.87 billion constant 2024 US$ Italy
1990s 32.12 billion constant 2024 US$ 18.51 billion constant 2024 US$ 13.61 billion constant 2024 US$ Italy
2000s 36.78 billion constant 2024 US$ 25.06 billion constant 2024 US$ 11.73 billion constant 2024 US$ Italy
2010s 29.66 billion constant 2024 US$ 36.08 billion constant 2024 US$ 6.43 billion constant 2024 US$ South Korea
2020s 38.08 billion constant 2024 US$ 47.16 billion constant 2024 US$ 9.08 billion constant 2024 US$ South Korea

Averages of every year both report within each decade.

Frequently asked questions

Which has higher military spending, Italy or South Korea?
South Korea, at 48.85 billion constant 2024 US$ against 45.44 billion constant 2024 US$ in Italy as of 2025.
What is the difference in military spending between Italy and South Korea?
3.41 billion constant 2024 US$, with South Korea ahead.
How many years of comparable data are there for Italy and South Korea?
73 years are reported by both, from 1953 to 2025.
How do Italy and South Korea rank globally for military spending?
Italy ranks 12th and South Korea ranks 11th of 162 countries.
Where does this data come from?
Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data, published as Military spending. Statizoid refreshes it automatically from the source and publishes the full history for both places.

Individual pages

About this data

Indicator
Military spending
Unit
constant 2024 US$
Source
Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
162 places, 8,341 data points, 1949–2025
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.