In 2023, South Korean military spending accounted for around 12.8 percent of the annual government budget. This was a slight decrease from the previous year. The highest recorded share during the surveyed period was in 2017, when military spending accounted for 14.7 percent of the total national budget.
Share of defense spending to the annual budget of South Korea from 2013 to 2023
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Other statistics that may interest you Defense industry in South Korea
Overview
5
- Basic Statistic Distribution of military expenditure globally in 2022, by country
- Premium Statistic National defense budget South Korea 2006-2023
- Premium Statistic Ratio of military spending to national budget South Korea 2013-2023
- Premium Statistic Military expenditure as share of GDP South Korea 2003-2022
- Premium Statistic Value of defense burden sharing amount South Korea U.S. 2005-2023
Industry finances
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- Premium Statistic Revenue of the defense industry South Korea 2009-2021
- Premium Statistic Revenue of the defense industry South Korea 2021, by sector
- Premium Statistic Operating profit of the defense industry South Korea 2016-2021
- Premium Statistic Facility investments of the defense industry South Korea 2016-2021
- Premium Statistic R&D investments of the defense industry South Korea 2016-2021
- Premium Statistic Total assets of the defense industry South Korea 2017-2021
- Premium Statistic Number of designated munitions South Korea 2022, by type
Exports
4
- Basic Statistic Market share of the leading exporters of major weapons 2018-2022
- Premium Statistic Arms and ammunition export value from South Korea 2000-2022
- Premium Statistic Tanks and other armored fighting vehicles export value from South Korea 2000-2022
- Premium Statistic Warships export value from South Korea 2006-2022
Imports
4
- Basic Statistic Market share of major arms imports by the largest importers 2018-2022
- Premium Statistic Arms and ammunition import value to South Korea 2000-2022
- Premium Statistic Tanks and other armored fighting vehicles import value to South Korea 2000-2022
- Premium Statistic Warships import value to South Korea 2005-2022
Key contractors
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- Premium Statistic Number of defense contractors South Korea 2022, by sector
- Premium Statistic Revenue Hanwha Aerospace 2016-2022
- Premium Statistic Revenue Poongsan Corporation 2016-2022
- Premium Statistic Revenue of Hyundai Rotem 2016-2022
- Premium Statistic Revenue Korea Aerospace Industries 2016-2022
- Premium Statistic Revenue of LIG Nex1 2016-2022
- Basic Statistic Revenue of SNT Motiv 2016-2022
Further related statistics
11
- National defense budget South Korea 2006-2023
- Military spending growth rate South Korea 2011-2021
- Opinion on the need to increase or decrease France's military spending 2019
- Military expenditure as percent of GDP in China 2008-2022
- Number of military personnel in NATO countries 2023
- Military expenditure in China 2012-2022
- Breakdown of military spending in China by category 2017
- France: public defense equipment spending 2010-2018
- France: public defense equipment spending by department 2015
- U.S. Department of Defense expenditures in 2013, by state
- Global drone spending by country FY2017-FY2021
Further Content: You might find this interesting as well
Statistics
- National defense budget South Korea 2006-2023
- Military spending growth rate South Korea 2011-2021
- Opinion on the need to increase or decrease France's military spending 2019
- Military expenditure as percent of GDP in China 2008-2022
- Number of military personnel in NATO countries 2023
- Military expenditure in China 2012-2022
- Breakdown of military spending in China by category 2017
- France: public defense equipment spending 2010-2018
- France: public defense equipment spending by department 2015
- U.S. Department of Defense expenditures in 2013, by state
- Global drone spending by country FY2017-FY2021
Statistics Korea. (July 5, 2023). Share of defense spending to the annual budget of South Korea from 2013 to 2023 [Graph]. In Statista. Retrieved March 29, 2024, from https://www.statista.com/statistics/745752/south-korea-national-defense-expenditure-share-in-budget/
Statistics Korea. "Share of defense spending to the annual budget of South Korea from 2013 to 2023." Chart. July 5, 2023. Statista. Accessed March 29, 2024. https://www.statista.com/statistics/745752/south-korea-national-defense-expenditure-share-in-budget/
Statistics Korea. (2023). Share of defense spending to the annual budget of South Korea from 2013 to 2023. Statista. Statista Inc.. Accessed: March 29, 2024. https://www.statista.com/statistics/745752/south-korea-national-defense-expenditure-share-in-budget/
Statistics Korea. "Share of Defense Spending to The Annual Budget of South Korea from 2013 to 2023." Statista, Statista Inc., 5 Jul 2023, https://www.statista.com/statistics/745752/south-korea-national-defense-expenditure-share-in-budget/
Statistics Korea, Share of defense spending to the annual budget of South Korea from 2013 to 2023 Statista, https://www.statista.com/statistics/745752/south-korea-national-defense-expenditure-share-in-budget/ (last visited March 29, 2024)
Share of defense spending to the annual budget of South Korea from 2013 to 2023 [Graph], Statistics Korea, July 5, 2023. [Online]. Available: https://www.statista.com/statistics/745752/south-korea-national-defense-expenditure-share-in-budget/