South Korea Military Expenditure (I:SKMET5NZ)
2.56% of GDP for 2024
Level Chart
Basic Info
|
South Korea Military Expenditure is at 2.56%, compared to 2.60% last year. This is lower than the long term average of 2.66%. |
| Report | World Development Indicators |
| Categories | Employment , Governance and Policy , Governmental Statistics , Infrastructure , Public Health , Social |
| Region | South Korea |
| Source | World Bank |
Stats
| Last Value | 2.56% |
| Latest Period | 2024 |
| Last Updated | Mar 5 2026, 10:22 EST |
| Next Release | Jun 5 2026, 10:00 EDT (E) |
| Long Term Average | 2.66% |
| Average Growth Rate | -1.33% |
| Value from 1 Year Ago | 2.60% |
| Change from 1 Year Ago | -1.43% |
| Frequency | Yearly |
| Unit | Percent of GDP |
| Adjustment | Not Seasonally Adjusted |
| Download Source File |
Historical Data
| Date | Value |
|---|---|
| December 31, 2024 | 2.56% |
| December 31, 2023 | 2.60% |
| December 31, 2022 | 2.58% |
| December 31, 2021 | 2.62% |
| December 31, 2020 | 2.64% |
| December 31, 2019 | 2.52% |
| December 31, 2018 | 2.36% |
| December 31, 2017 | 2.30% |
| December 31, 2016 | 2.34% |
| December 31, 2015 | 2.38% |
| December 31, 2014 | 2.41% |
| December 31, 2013 | 2.39% |
| December 31, 2012 | 2.39% |
| December 31, 2011 | 2.37% |
| December 31, 2010 | 2.36% |
| December 31, 2009 | 2.50% |
| December 31, 2008 | 2.39% |
| December 31, 2007 | 2.27% |
| December 31, 2006 | 2.30% |
| Date | Value |
|---|---|
| December 31, 2005 | 2.28% |
| December 31, 2004 | 2.17% |
| December 31, 2003 | 2.18% |
| December 31, 2002 | 2.17% |
| December 31, 2001 | 2.28% |
| December 31, 2000 | 2.31% |
| December 31, 1999 | 2.49% |
| December 31, 1998 | 2.79% |
| December 31, 1997 | 2.66% |
| December 31, 1996 | 2.74% |
| December 31, 1995 | 2.89% |
| December 31, 1994 | 3.19% |
| December 31, 1993 | 3.42% |
| December 31, 1992 | 3.32% |
| December 31, 1991 | 3.30% |
| December 31, 1990 | 3.55% |
| December 31, 1989 | 4.19% |
| December 31, 1988 | 4.34% |
News
Headline
Time (ET)
02/06 16:23
Basic Info
|
South Korea Military Expenditure is at 2.56%, compared to 2.60% last year. This is lower than the long term average of 2.66%. |
| Report | World Development Indicators |
| Categories | Employment , Governance and Policy , Governmental Statistics , Infrastructure , Public Health , Social |
| Region | South Korea |
| Source | World Bank |
Stats
| Last Value | 2.56% |
| Latest Period | 2024 |
| Last Updated | Mar 5 2026, 10:22 EST |
| Next Release | Jun 5 2026, 10:00 EDT (E) |
| Long Term Average | 2.66% |
| Average Growth Rate | -1.33% |
| Value from 1 Year Ago | 2.60% |
| Change from 1 Year Ago | -1.43% |
| Frequency | Yearly |
| Unit | Percent of GDP |
| Adjustment | Not Seasonally Adjusted |
| Download Source File |