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Defense expenditure as percentage of GDP South Korea 2009-2018

Published by L. Yoon, Mar 12, 2021
In 2018, South Korea's defense budget was approximately 39 billion U.S. dollars and equivalent to 2.4 percent of the nation's real GDP. In the local currency, South Korean won, the defense budget was approximately 43 trillion won. The defense budget to GDP ratio has remained stable and with few changes over the past decade. Compared to the previous year, the defense budget increased by around 3 billion dollars.

Defense expenditure as a percentage of gross domestic product (GDP) in South Korea from 2009 to 2018

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Source

Release date

2019

Region

South Korea

Survey time period

2009 to 2018

Supplementary notes

Note: 1,000 South Korean won equal 0.84 U.S. dollars and 0.76 euros (as of February 2020).

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