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South Korea Military Expenditure

Government
South Korea
Source: South Korea Military Expenditure, released on Dec 31 by SIPRI
3.37%
Overview
Current Value
3.37%
Average Value (10 years)
3.56%
Statistical Analysis
Current Status
Normal
Historical Average
3.56%
Long-term mean
Historical Data
DateValueChange
12-31-20233.37%+12.23%
12-31-2022-8.86%-19.18%
12-31-202110.31%+5.75%
12-31-20204.57%+2.17%
12-31-20192.40%-7.56%
Forecast & Analysis

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Next Period Forecast
3.37%
3-Month Outlook
Moderate Growth
Based on economic models
12-Month Outlook
Stable
Long-term projection

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Key Information
Current Value3.37%
Average Value (10 years)3.56%

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Economic data last updated May 18, 2025