Military spending growth rate South Korea 2011-2021

Published by L. Yoon, Sep 1, 2023
In 2021, South Korea's defense spending increased by 2.8 percent year-on-year. While South Korea's military spending has increased in recent years, the country has allocated about 54.6 trillion South Korean won for its defense budget in 2022.

National defense expenditure growth rate in South Korea from 2011 to 2021

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Source

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Release date

September 2023

Region

South Korea

Survey time period

2011 to 2021

Supplementary notes

The source did not provide a date of publication. The release date used here is the access date.

1,000 South Korean won equals 0.78 U.S. dollars or 0.71 euro as of August 2023.

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