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Korea - Military Spending 1968

Name: Korea Military Spending 1968
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Military expenditure as % of GDP · World Bank

4.73% +0.05% from 1967 Global rank: 69th

Korea's military spending was 4.73% in 1968, increased +0.05% from 4.69% in 1967. This was the 69th highest globally.

Global Ranking - 1968▾

Military Spending by Country - 1968
Rank	Country	Value	YoY
1st	Congo, Democratic Republic of	0.00%	-2.2%
2nd	Mauritius	0.16%	0.0%
3rd	Fiji	0.21%	-
4th	Somalia, Fed. Rep.	0.41%	5.0%
5th	Mexico	0.55%	0.6%
6th	El Salvador	0.66%	-5.6%
7th	Trinidad and Tobago	0.67%	-
8th	Malawi	0.70%	-3.0%
9th	Japan	0.79%	-5.1%
10th	Sri Lanka	0.79%	-6.0%
11th	Sierra Leone	0.80%	1.0%
12th	Luxembourg	0.83%	-17.2%
13th	Gabon	1.02%	-8.4%
14th	Honduras	1.09%	-4.5%
15th	Liberia	1.10%	-5.7%
16th	Ireland	1.13%	-4.6%
17th	Côte d'Ivoire	1.16%	-11.6%
18th	Burkina Faso	1.18%	-11.1%
19th	Kenya	1.22%	-6.6%
20th	Guatemala	1.27%	-13.1%
21st	Bolivia, Plurinational State of	1.35%	1.8%
22nd	Togo	1.36%	1.4%
23rd	Burundi	1.41%	6.1%
24th	Tunisia	1.44%	1.5%
25th	Nicaragua	1.46%	-
26th	Tanzania	1.47%	3.5%
27th	Austria	1.54%	-4.1%
28th	Madagascar	1.55%	-0.2%
29th	Argentina	1.69%	20.4%
30th	Finland	1.76%	8.6%
31st	Uganda	1.79%	10.5%
32nd	Philippines	1.87%	7.3%
33rd	Ecuador	1.92%	6.6%
34th	Mali	1.99%	-17.2%
35th	Zimbabwe	2.07%	52.1%
36th	Benin	2.07%	4.9%
37th	Switzerland	2.18%	-8.6%
38th	Spain	2.30%	24.1%
39th	Peru	2.36%	-49.9%
40th	Colombia	2.39%	-23.5%
41st	Chile	2.53%	-6.9%
42nd	Canada	2.54%	-7.4%
43rd	Algeria	2.61%	-13.4%
44th	Italy	2.65%	-4.3%
45th	Brazil	2.65%	-7.3%
46th	Ghana	2.66%	19.3%
47th	Denmark	2.68%	3.4%
48th	New Zealand	2.73%	4.0%
49th	Thailand	2.75%	13.5%
50th	South Africa	2.76%	-1.0%
51st	Libya	2.86%	-15.0%
52nd	Morocco	3.00%	14.8%
53rd	Belgium	3.12%	-0.6%
54th	Paraguay	3.21%	5.9%
55th	Dominican Republic	3.25%	1.7%
56th	India	3.25%	0.7%
57th	Netherlands	3.26%	-7.6%
58th	Türkiye	3.28%	0.5%
59th	European Union	3.30%	-6.2%
60th	Germany	3.39%	-16.5%
61st	Sweden	3.48%	-3.7%
62nd	Norway	3.61%	2.7%
63rd	Sudan	3.75%	2.6%
64th	Australia	3.84%	1.1%
65th	France	4.14%	-3.7%
66th	Malaysia	4.45%	-1.0%
67th	Portugal	4.50%	0.9%
68th	Greece	4.69%	7.9%
69th	Korea	4.73%	1.0%
70th	Lebanon	4.84%	0.0%
71st	Myanmar	5.02%	-3.4%
72nd	Pakistan	5.10%	-5.6%
73rd	Iran, Islamic Republic of	5.18%	16.1%
74th	United Kingdom	5.94%	-4.7%
75th	Saudi Arabia	8.09%	-29.7%
76th	Nigeria	9.16%	57.7%
77th	Iraq	9.22%	9.4%
78th	United States	9.27%	-1.6%
79th	Egypt, Arab Republic of	11.13%	25.0%
80th	Syrian Arab Republic	12.16%	48.1%
81st	Israel	17.43%	12.9%
82nd	Jordan	24.06%	2.4%

FAQ

What was Korea's military spending in 1968?▾

Korea's military spending in 1968 was 4.73%. This ranked 69th globally.

How did Korea's military spending change in 1968?▾

Korea's military spending increased by 1.0% in 1968 compared to 1967.

Which country had the highest military spending in 1968?▾

Jordan had the highest military spending in 1968 at 24.06%.

What is the military spending of Korea in 1968?▾

The military spending of Korea in 1968 was 4.73%. This ranked 69th globally.

How does 1968 compare to 1967 for Korea's military spending?▾

Korea's military spending went from 4.69% in 1967 to 4.73% in 1968, a 1.0% increase.

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