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Korea - Military Spending 1970

Name: Korea Military Spending 1970
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Military expenditure as % of GDP · World Bank

4.40% −0.29% from 1969 Global rank: 70th

Korea's military spending was 4.40% in 1970, decreased +0.29% from 4.69% in 1969. This was the 70th highest globally.

Global Ranking - 1970▾

Military Spending by Country - 1970
Rank	Country	Value	YoY
1st	Congo, Democratic Republic of	0.00%	32.2%
2nd	Fiji	0.19%	-0.3%
3rd	Mauritius	0.22%	21.6%
4th	Somalia, Fed. Rep.	0.50%	18.2%
5th	Mexico	0.50%	-17.1%
6th	Nepal	0.59%	-
7th	El Salvador	0.63%	-12.0%
8th	Malawi	0.64%	-4.0%
9th	Luxembourg	0.68%	-7.5%
10th	Trinidad and Tobago	0.75%	11.7%
11th	Japan	0.77%	0.1%
12th	Sri Lanka	0.92%	13.5%
13th	Sierra Leone	0.93%	7.1%
14th	Kenya	1.06%	-2.1%
15th	Liberia	1.10%	10.6%
16th	Ireland	1.16%	5.4%
17th	Burkina Faso	1.17%	-6.0%
18th	Côte d'Ivoire	1.18%	2.8%
19th	Madagascar	1.35%	-10.4%
20th	Togo	1.37%	6.7%
21st	Honduras	1.37%	28.2%
22nd	Finland	1.38%	-4.3%
23rd	Austria	1.38%	-7.9%
24th	Gabon	1.43%	4.7%
25th	Tunisia	1.56%	18.8%
26th	Nicaragua	1.58%	15.1%
27th	Bolivia, Plurinational State of	1.61%	22.3%
28th	Benin	1.63%	-14.2%
29th	Afghanistan	1.63%	-
30th	Guatemala	1.70%	65.3%
31st	Ecuador	1.83%	-22.6%
32nd	Cameroon	1.87%	-
33rd	Argentina	1.88%	-3.1%
34th	Uganda	1.97%	8.1%
35th	Italy	2.06%	-15.0%
36th	Switzerland	2.10%	-4.3%
37th	Ghana	2.12%	-15.3%
38th	Algeria	2.13%	-10.7%
39th	Philippines	2.16%	3.2%
40th	Canada	2.19%	-3.7%
41st	Mali	2.23%	2.4%
42nd	Colombia	2.26%	10.0%
43rd	Spain	2.29%	-6.1%
44th	Tanzania	2.30%	32.6%
45th	Morocco	2.32%	-3.1%
46th	South Africa	2.33%	-10.5%
47th	Kuwait	2.39%	-
48th	Dominican Republic	2.42%	-8.7%
49th	Denmark	2.43%	1.6%
50th	Zimbabwe	2.44%	0.7%
51st	New Zealand	2.63%	2.6%
52nd	European Union	2.86%	-8.5%
53rd	Netherlands	2.87%	-11.2%
54th	Brazil	2.89%	10.4%
55th	Belgium	2.92%	-0.4%
56th	Australia	2.97%	-12.4%
57th	Germany	3.00%	-11.4%
58th	Thailand	3.07%	2.5%
59th	India	3.19%	1.4%
60th	Türkiye	3.26%	5.8%
61st	Paraguay	3.32%	4.9%
62nd	Sweden	3.36%	-2.9%
63rd	France	3.46%	-6.0%
64th	Norway	3.47%	-3.6%
65th	Peru	3.51%	46.9%
66th	Hungary	4.03%	-
67th	Portugal	4.14%	0.0%
68th	Greece	4.20%	-12.4%
69th	Lebanon	4.34%	-6.6%
70th	Korea	4.40%	-6.2%
71st	Chile	4.45%	96.8%
72nd	Congo, Republic of	4.86%	-
73rd	Sudan	4.95%	-4.7%
74th	Malaysia	5.17%	31.7%
75th	United Kingdom	5.20%	-5.5%
76th	Nigeria	5.28%	-48.8%
77th	Singapore	5.40%	-
78th	Myanmar	5.60%	5.5%
79th	Iran, Islamic Republic of	5.86%	-1.9%
80th	Libya	6.07%	61.4%
81st	Pakistan	6.16%	11.7%
82nd	United States	8.03%	-7.0%
83rd	Saudi Arabia	9.40%	-1.7%
84th	Iraq	11.17%	-1.9%
85th	Syrian Arab Republic	11.22%	3.6%
86th	Egypt, Arab Republic of	15.99%	11.5%
87th	Jordan	18.51%	-23.1%
88th	Israel	23.45%	22.8%

FAQ

What was Korea's military spending in 1970?▾

Korea's military spending in 1970 was 4.40%. This ranked 70th globally.

How did Korea's military spending change in 1970?▾

Korea's military spending decreased by 6.2% in 1970 compared to 1969.

Which country had the highest military spending in 1970?▾

Israel had the highest military spending in 1970 at 23.45%.

What is the military spending of Korea in 1970?▾

The military spending of Korea in 1970 was 4.40%. This ranked 70th globally.

How does 1970 compare to 1969 for Korea's military spending?▾

Korea's military spending went from 4.69% in 1969 to 4.40% in 1970, a 6.2% decrease.

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