Military spending, per capita in South Korea

South Korea: Military spending, per capita was 1,103 constant 2022 US$ per person in 2023. ◆ Volatile

Latest (2023)
1,103 constant 2022 US$ per person
Change on year
up 1.3%
World rank
17th
of 171 countries
All-time high
1,122 constant 2022 US$ per person
in 2021
All-time low
27.31 constant 2022 US$ per person
in 1965
Years of data
64
1960–2023

Military spending, per capita in South Korea, 1960–2023

02505007501.0k196019912023

Source: Statizoid (derived). Measured in constant 2022 US$ per person.

Analysis

The most recent figure for military spending, per capita in South Korea is 1,103 constant 2022 US$ per person, measured in 2023.

Compared with earlier readings it is up 1.3% on the previous year and up 52.6% over ten years.

Over the whole period, military spending, per capita in South Korea peaked at 1,122 constant 2022 US$ per person in 2021 and was at its lowest, 27.31 constant 2022 US$ per person, in 1965.

South Korea ranks 17th of 171 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Military spending, per capita in South Korea, year by year

Annual values for Military spending, per capita in South Korea, 1960 to 2023.
Year constant 2022 US$ per person Change
1960 39.69 constant 2022 US$ per person
1961 37.96 constant 2022 US$ per person -4.3%
1962 40.57 constant 2022 US$ per person +6.9%
1963 34.68 constant 2022 US$ per person -14.5%
1964 33.49 constant 2022 US$ per person -3.4%
1965 27.31 constant 2022 US$ per person -18.5%
1966 39.05 constant 2022 US$ per person +43.0%
1967 43.27 constant 2022 US$ per person +10.8%
1968 52.78 constant 2022 US$ per person +22.0%
1969 61.89 constant 2022 US$ per person +17.3%
1970 61.12 constant 2022 US$ per person -1.3%
1971 72.96 constant 2022 US$ per person +19.4%
1972 74.29 constant 2022 US$ per person +1.8%
1973 75.81 constant 2022 US$ per person +2.0%
1974 90.57 constant 2022 US$ per person +19.5%
1975 107.57 constant 2022 US$ per person +18.8%
1976 143.7 constant 2022 US$ per person +33.6%
1977 174.82 constant 2022 US$ per person +21.7%
1978 207.11 constant 2022 US$ per person +18.5%
1979 238.79 constant 2022 US$ per person +15.3%
1980 235.47 constant 2022 US$ per person -1.4%
1981 269.53 constant 2022 US$ per person +14.5%
1982 277.89 constant 2022 US$ per person +3.1%
1983 259.31 constant 2022 US$ per person -6.7%
1984 267.21 constant 2022 US$ per person +3.0%
1985 283.08 constant 2022 US$ per person +5.9%
1986 310.49 constant 2022 US$ per person +9.7%
1987 327.8 constant 2022 US$ per person +5.6%
1988 368.27 constant 2022 US$ per person +12.3%
1989 400.4 constant 2022 US$ per person +8.7%
1990 421.28 constant 2022 US$ per person +5.2%
1991 418.61 constant 2022 US$ per person -0.6%
1992 456.02 constant 2022 US$ per person +8.9%
1993 467.49 constant 2022 US$ per person +2.5%
1994 487.61 constant 2022 US$ per person +4.3%
1995 535.84 constant 2022 US$ per person +9.9%
1996 543.15 constant 2022 US$ per person +1.4%
1997 559.52 constant 2022 US$ per person +3.0%
1998 441.62 constant 2022 US$ per person -21.1%
1999 436.49 constant 2022 US$ per person -1.2%
2000 415.01 constant 2022 US$ per person -4.9%
2001 409.38 constant 2022 US$ per person -1.4%
2002 436.29 constant 2022 US$ per person +6.6%
2003 471.02 constant 2022 US$ per person +8.0%
2004 516.18 constant 2022 US$ per person +9.6%
2005 571.07 constant 2022 US$ per person +10.6%
2006 630.16 constant 2022 US$ per person +10.3%
2007 665.88 constant 2022 US$ per person +5.7%
2008 630.62 constant 2022 US$ per person -5.3%
2009 583.09 constant 2022 US$ per person -7.5%
2010 642.62 constant 2022 US$ per person +10.2%
2011 658.97 constant 2022 US$ per person +2.5%
2012 704.45 constant 2022 US$ per person +6.9%
2013 722.7 constant 2022 US$ per person +2.6%
2014 795.83 constant 2022 US$ per person +10.1%
2015 761.6 constant 2022 US$ per person -4.3%
2016 800.17 constant 2022 US$ per person +5.1%
2017 908.1 constant 2022 US$ per person +13.5%
2018 959.61 constant 2022 US$ per person +5.7%
2019 1,025 constant 2022 US$ per person +6.8%
2020 1,054 constant 2022 US$ per person +2.8%
2021 1,122 constant 2022 US$ per person +6.5%
2022 1,089 constant 2022 US$ per person -3.0%
2023 1,103 constant 2022 US$ per person +1.3%

South Korea compared with similar countries

  • South Korea's 1,103 constant 2022 US$ per person is above the median for high income countries, which is 726.38 constant 2022 US$ per person, 1.5× the median. (55 countries reporting)
  • South Korea's 1,103 constant 2022 US$ per person is above the median for East Asia & Pacific, which is 81.86 constant 2022 US$ per person, 13.5× the median. (20 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1960s 41.07 constant 2022 US$ per person 27.31 constant 2022 US$ per person 61.89 constant 2022 US$ per person 10
1970s 124.67 constant 2022 US$ per person 61.12 constant 2022 US$ per person 238.79 constant 2022 US$ per person 10
1980s 299.94 constant 2022 US$ per person 235.47 constant 2022 US$ per person 400.4 constant 2022 US$ per person 10
1990s 476.76 constant 2022 US$ per person 418.61 constant 2022 US$ per person 559.52 constant 2022 US$ per person 10
2000s 532.87 constant 2022 US$ per person 409.38 constant 2022 US$ per person 665.88 constant 2022 US$ per person 10
2010s 797.91 constant 2022 US$ per person 642.62 constant 2022 US$ per person 1,025 constant 2022 US$ per person 10
2020s 1,092 constant 2022 US$ per person 1,054 constant 2022 US$ per person 1,122 constant 2022 US$ per person 4

Countries ranked near South Korea

  1. 14 United Kingdom 1,229 constant 2022 US$ per person compare
  2. 15 Finland 1,205 constant 2022 US$ per person compare
  3. 16 Bahrain 1,107 constant 2022 US$ per person compare
  4. 18 France 1,053 constant 2022 US$ per person compare
  5. 19 Netherlands 1,040 constant 2022 US$ per person compare
  6. 20 Luxembourg 963.06 constant 2022 US$ per person compare

See the full ranking of 171 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is military spending, per capita in South Korea?
Military spending, per capita in South Korea was 1,103 constant 2022 US$ per person in 2023, according to Statizoid (derived).
What is the highest military spending, per capita recorded in South Korea?
The highest recorded value was 1,122 constant 2022 US$ per person in 2021.
What is the lowest military spending, per capita recorded in South Korea?
The lowest recorded value was 27.31 constant 2022 US$ per person in 1965.
How does South Korea rank for military spending, per capita?
South Korea ranks 17th out of 171 countries with data for 2023.
Is military spending, per capita rising or falling in South Korea?
Over the last ten years it is up 52.6%. The long-run trend across the full record is volatile.
Where does this South Korea data come from?
The figures come from Statizoid (derived), published as part of Military spending, per capita. Statizoid updates them automatically from the source API.

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Military spending, per capita in South Korea. Statizoid, drawing on Statizoid (derived). Retrieved 22 September 2026, from https://reference.statizoid.com/stat/military-spending-per-capita-2/korea-rep/

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How this figure is calculated

Military spending divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

Military spending ÷ Population, total

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Military spending, per capita
Unit
constant 2022 US$ per person
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
171 places, 9,593 data points, 1960–2023
Last refreshed

Military spending divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.