Military Expenditure (As % of GDP) fell to 2.55% in South Korea in 2017

Military Expenditure (As % of GDP) (%)
Military & Defense | South Korea | December 26, 2018
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Excel Sheet

Military expenditure as a share of GDP reached 2.55 % in 2017 in South Korea, according to the SIPRI Military Expenditure Database. This is 2.42 % less than in the previous year.

Historically, military expenditure as a share of GDP in South Korea reached an all time high of 7.16 % in 1960 and an all time low of 2.32 % in 2002. When compared to South Korea's main peers, military expenditure as a share of GDP in China amounted to 1.91 %, 0.935 % in Japan and 2.29 % in Vietnam in 2017.

South Korea has been ranked 28th within the group of 146 countries we follow in terms of military expenditure as a share of GDP, 10 places above the position seen 10 years ago.

Military expenditure is derived from the NATO definition, which includes all current and capital expenditure on the armed forces, including peacekeeping forces, defence ministries and other government agencies engaged in defence projects, paramilitary forces, if these are judged to be trained and equipped for military operations, and military space activities.

Military Expenditure (As % of GDP) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Cambodia % 1.50% 1.55% 1.58% 1.66% 2.11%
China % 1.82% 1.84% 1.87% 1.92% 1.93%
Dem. People's Republic of Korea % ... ... ... ... ... ... ... ... ...
India % 2.65% 2.54% 2.46% 2.49% 2.41%
Japan % 0.987% 0.967% 0.951% 0.967% 0.961%
Laos % 0.236% 0.216% 0.211% ... ... ... ...
Russia % 3.46% 3.75% 3.94% 4.10% 4.85%
South Korea % 2.58% 2.61% 2.61% 2.66% 2.64%
Thailand % 1.59% 1.38% 1.41% 1.42% 1.45%
USA % 4.58% 4.24% 3.83% 3.50% 3.29%
Vietnam % 1.98% 2.16% 2.18% 2.29% 2.36%