Military spending gmsd in South Korea
South Korea: Military spending gmsd was 57.02 billion in 2023. ◆ Volatile
Latest (2023)
57.02 billion
Change on year
up 1.3%
World rank
11th
of 172 countries
All-time high
58.08 billion
in 2021
All-time low
123.11 million
in 1949
Years of data
75
1949–2023
Military spending gmsd in South Korea, 1949–2023
Source: Our World in Data.
Analysis
The most recent figure for military spending gmsd in South Korea is 57.02 billion, measured in 2023.
Compared with earlier readings it is up 1.3% on the previous year and up 56.4% over ten years.
Over the whole period, military spending gmsd in South Korea peaked at 58.08 billion in 2021 and was at its lowest, 123.11 million, in 1949.
That places South Korea 11th out of 172 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending gmsd in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1949 | 123.11 million | — |
| 1950 | 325.48 million | +164.4% |
| 1951 | 327.48 million | +0.6% |
| 1952 | 522.81 million | +59.6% |
| 1953 | 698.54 million | +33.6% |
| 1954 | 850.10 million | +21.7% |
| 1955 | 896.23 million | +5.4% |
| 1956 | 1.05 billion | +17.1% |
| 1957 | 963.19 million | -8.2% |
| 1958 | 987.03 million | +2.5% |
| 1959 | 1.04 billion | +5.4% |
| 1960 | 992.70 million | -4.5% |
| 1961 | 978.16 million | -1.5% |
| 1962 | 1.08 billion | +10.0% |
| 1963 | 945.34 million | -12.1% |
| 1964 | 937.16 million | -0.9% |
| 1965 | 783.85 million | -16.4% |
| 1966 | 1.15 billion | +46.6% |
| 1967 | 1.30 billion | +13.4% |
| 1968 | 1.63 billion | +24.8% |
| 1969 | 1.95 billion | +19.9% |
| 1970 | 1.97 billion | +0.9% |
| 1971 | 2.40 billion | +21.7% |
| 1972 | 2.49 billion | +3.8% |
| 1973 | 2.59 billion | +3.9% |
| 1974 | 3.14 billion | +21.5% |
| 1975 | 3.80 billion | +20.8% |
| 1976 | 5.15 billion | +35.7% |
| 1977 | 6.37 billion | +23.6% |
| 1978 | 7.66 billion | +20.3% |
| 1979 | 8.96 billion | +17.1% |
| 1980 | 8.98 billion | +0.2% |
| 1981 | 10.44 billion | +16.3% |
| 1982 | 10.93 billion | +4.7% |
| 1983 | 10.35 billion | -5.3% |
| 1984 | 10.80 billion | +4.3% |
| 1985 | 11.55 billion | +7.0% |
| 1986 | 12.80 billion | +10.8% |
| 1987 | 13.64 billion | +6.6% |
| 1988 | 15.48 billion | +13.5% |
| 1989 | 17.00 billion | +9.8% |
| 1990 | 18.06 billion | +6.3% |
| 1991 | 18.12 billion | +0.4% |
| 1992 | 19.95 billion | +10.1% |
| 1993 | 20.66 billion | +3.6% |
| 1994 | 21.77 billion | +5.4% |
| 1995 | 24.16 billion | +11.0% |
| 1996 | 24.73 billion | +2.3% |
| 1997 | 25.71 billion | +4.0% |
| 1998 | 20.44 billion | -20.5% |
| 1999 | 20.35 billion | -0.5% |
| 2000 | 19.51 billion | -4.1% |
| 2001 | 19.39 billion | -0.6% |
| 2002 | 20.79 billion | +7.2% |
| 2003 | 22.56 billion | +8.5% |
| 2004 | 24.82 billion | +10.0% |
| 2005 | 27.52 billion | +10.9% |
| 2006 | 30.52 billion | +10.9% |
| 2007 | 32.42 billion | +6.2% |
| 2008 | 30.93 billion | -4.6% |
| 2009 | 28.75 billion | -7.1% |
| 2010 | 31.84 billion | +10.8% |
| 2011 | 32.91 billion | +3.3% |
| 2012 | 35.36 billion | +7.5% |
| 2013 | 36.44 billion | +3.1% |
| 2014 | 40.39 billion | +10.8% |
| 2015 | 38.85 billion | -3.8% |
| 2016 | 40.98 billion | +5.5% |
| 2017 | 46.64 billion | +13.8% |
| 2018 | 49.50 billion | +6.1% |
| 2019 | 53.06 billion | +7.2% |
| 2020 | 54.62 billion | +2.9% |
| 2021 | 58.08 billion | +6.3% |
| 2022 | 56.26 billion | -3.1% |
| 2023 | 57.02 billion | +1.3% |
South Korea compared with similar countries
- South Korea's 57.02 billion is above the median for high income countries, which is 6.50 billion, 8.8× the median. (55 countries reporting)
- South Korea's 57.02 billion is above the median for East Asia & Pacific, which is 4.15 billion, 13.7× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Military spending gmsd in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1950 | +164.4% | 123.11 million | 325.48 million |
| 1952 | +59.6% | 327.48 million | 522.81 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1940s | 123.11 million | 123.11 million | 123.11 million | 1 |
| 1950s | 766.01 million | 325.48 million | 1.05 billion | 10 |
| 1960s | 1.17 billion | 783.85 million | 1.95 billion | 10 |
| 1970s | 4.45 billion | 1.97 billion | 8.96 billion | 10 |
| 1980s | 12.20 billion | 8.98 billion | 17.00 billion | 10 |
| 1990s | 21.40 billion | 18.06 billion | 25.71 billion | 10 |
| 2000s | 25.72 billion | 19.39 billion | 32.42 billion | 10 |
| 2010s | 40.60 billion | 31.84 billion | 53.06 billion | 10 |
| 2020s | 56.50 billion | 54.62 billion | 58.08 billion | 4 |
Countries ranked near South Korea
More reference data data for South Korea
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Burning - Crop 31.73 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Manure Management 880.21 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 12,007 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.13 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 4.37 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 5.17 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 19.85 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Enteric 6,875 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.9638 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure Management 2,038 (2050)
Frequently asked questions
- What is military spending gmsd in South Korea?
- Military spending gmsd in South Korea was 57.02 billion in 2023, according to Our World in Data.
- What is the highest military spending gmsd recorded in South Korea?
- The highest recorded value was 58.08 billion in 2021.
- What is the lowest military spending gmsd recorded in South Korea?
- The lowest recorded value was 123.11 million in 1949.
- How does South Korea rank for military spending gmsd?
- South Korea ranks 11th out of 172 countries with data for 2023.
- Is military spending gmsd rising or falling in South Korea?
- Over the last ten years it is up 56.4%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Our World in Data, published as part of Military spending gmsd. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 75 observations, free to reuse under CC BY 4.0 (Our World in Data).