Korea, Rep.—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #11 of 156Updated April 2026
Latest Value
$47.57B
2024
YoY Change
-0.5%
2023 → 2024
Global Rank
#11
of 156 countries
Maximum
$50.87B
2021
Minimum
$12.94B
2001
CAGR
+5.3%
25 years
Last
$47.57B
Previous
$47.80B
Highest
$50.87B
Lowest
$12.94B
Source
World Bank World Development Indicators
Korea, Rep.'s military expenditure (usd) was $47.57B in 2024, ranking #11 out of 156 countries. This represents a -0.5% change from 2023. Over the past 25 years, the highest recorded value was $50.87B (2021) and the lowest was $12.94B (2001). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $47.57B | -0.5% |
| 2023 | $47.80B | +3.1% |
| 2022 | $46.37B | -8.9% |
| 2021 | $50.87B | +10.3% |
| 2020 | $46.12B | +4.6% |
| 2019 | $44.10B | +2.4% |
| 2018 | $43.07B | +10.0% |
| 2017 | $39.17B | +6.2% |
| 2016 | $36.89B | +0.9% |
| 2015 | $36.57B | -2.6% |
| 2014 | $37.55B | +9.4% |
| 2013 | $34.31B | +7.4% |
| 2012 | $31.95B | +3.1% |
| 2011 | $30.99B | +10.0% |
| 2010 | $28.18B | +14.6% |
| 2009 | $24.58B | -5.7% |
| 2008 | $26.07B | -6.0% |
| 2007 | $27.73B | +10.1% |
| 2006 | $25.18B | +13.6% |
| 2005 | $22.16B | +24.3% |
| 2004 | $17.83B | +12.5% |
| 2003 | $15.85B | +12.4% |
| 2002 | $14.10B | +9.0% |
| 2001 | $12.94B | -6.2% |
| 2000 | $13.80B |
Top Countries — Military Expenditure (USD)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | United States | $997.31B | 2024 |
| 2 | China | $313.66B | 2024 |
| 3 | Russian Federation | $148.97B | 2024 |
| 4 | Germany | $88.46B | 2024 |
| 5 | India | $86.13B | 2024 |
| 6 | United Kingdom | $81.76B | 2024 |
| 7 | Saudi Arabia | $80.33B | 2024 |
| 8 | Ukraine | $64.70B | 2024 |
| 9 | France | $64.68B | 2024 |
| 10 | Japan | $55.27B | 2024 |