Prefer this file over scraping the HTML page.

# South Korea Military Expenditure

> South Korea military expenditure is 2.6% as of Dec 2024, from 2.6%. History from 1960, source World Bank. Free API & MCP access.

Military Expenditure in South Korea fell to 2.6% in Dec 2024 from 2.6% in Dec 2023.

Military Expenditure in South Korea averaged 2.6% from 1960 until 2024, reaching an all-time high of 7.2% in Dec 1960 and a record low of 2.2% in Dec 2004. The series is reported yearly with history from 1960.

## Stats

| Actual | Previous | Highest | Lowest | Span | Unit | Frequency |
| --- | --- | --- | --- | --- | --- | --- |
| 2.6% | 2.6% | 7.2% (Dec 1960) | 2.2% (Dec 2004) | 1960–2024 | USD / % GDP | annual |

## FAQ

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

Military Expenditure in South Korea is 2.6% as of Dec 2024.

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

The all-time high is 7.2% (Dec 1960); the record low is 2.2% (Dec 2004), over a series starting in 1960.

**How often is this series updated?**

Military Expenditure 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`.
Back to [Korea, Republic of economy](/south-korea.md).