Military expenditure as share of GDP South Korea 2003-2022

Published by L. Yoon, Nov 28, 2023
In 2022, South Korea's defense spending accounted for about 2.5 percent of its gross domestic product (GDP), which was similar to the share recorded in the previous year. Defense spending made up about 13 percent of the national budget that year.

Defense expenditure as a percentage of gross domestic product (GDP) in South Korea from 2003 to 2022

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Release date

July 2023

Region

South Korea

Survey time period

2003 to 2022

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Statistics on " Defense industry in South Korea "

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Overview

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Industry finances

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Exports

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Imports

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Key contractors

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