Prefer this file over scraping the HTML page.

# South Korea Military Expenditure (USD)

> South Korea military expenditure (usd) is $47.6B as of Dec 2024, from $47.8B. History from 1960, source World Bank. Free API & MCP access.

Military Expenditure (USD) in South Korea fell to $47.6B in Dec 2024 from $47.8B in Dec 2023.

Military Expenditure (USD) in South Korea averaged $26.6B from 1960 until 2024, reaching an all-time high of $50.9B in Dec 2021 and a record low of $132.1M in Dec 1965. The series is reported yearly with history from 1960.

## Stats

| Actual | Previous | Highest | Lowest | Span | Unit | Frequency |
| --- | --- | --- | --- | --- | --- | --- |
| $47.6B | $47.8B | $50.9B (Dec 2021) | $132.1M (Dec 1965) | 1960–2024 | USD | annual |

## FAQ

**What is South Korea's military expenditure (usd) right now?**

Military Expenditure (USD) in South Korea is $47.6B as of Dec 2024.

**What are the historical extremes for South Korea's military expenditure (usd)?**

The all-time high is $50.9B (Dec 2021); the record low is $132.1M (Dec 1965), over a series starting in 1960.

**How often is this series updated?**

Military Expenditure (USD) for South Korea is a annual series; values refresh when new data is published or revised.

**Where does this data come from?**

See our methodology page for how we source and verify every series.

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Full history via API: `GET https://api.economicsapi.com/v1/history?country=south-korea&indicator=military-expenditure-usd`.
Back to [Korea, Republic of economy](/south-korea.md).