Korea, Rep.—Military Spending (% of govt expenditure)
Category: MilitarySource: World Bank World Development Indicators
Latest Value
11.3%
2024
YoY Change
+0.8%
2023 → 2024
Maximum
14.4%
2000
Minimum
9.7%
2022
CAGR
-1.0%
25 years
Last
11.3%
Previous
11.2%
Highest
14.4%
Lowest
9.7%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 11.3% | +0.8% |
| 2023 | 11.2% | +16.2% |
| 2022 | 9.7% | -11.2% |
| 2021 | 10.9% | -2.7% |
| 2020 | 11.2% | -5.7% |
| 2019 | 11.8% | -3.3% |
| 2018 | 12.2% | -0.7% |
| 2017 | 12.3% | -2.3% |
| 2016 | 12.6% | -0.2% |
| 2015 | 12.6% | -1.3% |
| 2014 | 12.8% | +1.8% |
| 2013 | 12.6% | -1.1% |
| 2012 | 12.7% | -2.0% |
| 2011 | 13.0% | -1.9% |
| 2010 | 13.2% | +3.3% |
| 2009 | 12.8% | +2.3% |
| 2008 | 12.5% | +3.6% |
| 2007 | 12.1% | -1.7% |
| 2006 | 12.3% | -2.2% |
| 2005 | 12.6% | +7.3% |
| 2004 | 11.7% | -3.8% |
| 2003 | 12.2% | -10.9% |
| 2002 | 13.7% | +1.5% |
| 2001 | 13.5% | -6.6% |
| 2000 | 14.4% |