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Korea - Military Spending 1973

Name: Korea Military Spending 1973
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Military expenditure as % of GDP · World Bank

4.03% −0.98% from 1972 Global rank: 79th

Korea's military spending was 4.03% in 1973, decreased +0.98% from 5.01% in 1972. This was the 79th highest globally.

Global Ranking - 1973▾

Military Spending by Country - 1973
Rank	Country	Value	YoY
1st	Congo, Democratic Republic of	0.00%	-13.3%
2nd	Mauritius	0.19%	-6.7%
3rd	Fiji	0.22%	-12.1%
4th	Somalia, Fed. Rep.	0.51%	11.4%
5th	Mexico	0.54%	1.4%
6th	Bangladesh	0.66%	-
7th	Nepal	0.66%	1.6%
8th	Trinidad and Tobago	0.68%	-18.8%
9th	Luxembourg	0.71%	-4.2%
10th	Japan	0.82%	-3.3%
11th	El Salvador	0.86%	-1.9%
12th	Sri Lanka	0.87%	-35.8%
13th	Guatemala	0.91%	-20.2%
14th	Liberia	0.97%	-11.9%
15th	Sierra Leone	1.04%	9.4%
16th	Malawi	1.06%	76.1%
17th	Côte d'Ivoire	1.13%	-33.3%
18th	Austria	1.18%	-1.4%
19th	Burkina Faso	1.24%	8.4%
20th	Gabon	1.30%	-15.9%
21st	Ireland	1.31%	-1.2%
22nd	Ghana	1.36%	-4.5%
23rd	Tunisia	1.40%	-1.1%
24th	Nicaragua	1.42%	-23.9%
25th	Finland	1.45%	-5.0%
26th	Madagascar	1.52%	2.4%
27th	Bolivia, Plurinational State of	1.62%	1.7%
28th	Guyana	1.65%	-
29th	Kenya	1.66%	7.6%
30th	Benin	1.68%	12.8%
31st	Honduras	1.68%	-8.3%
32nd	Algeria	1.69%	-6.0%
33rd	Colombia	1.69%	-14.1%
34th	Togo	1.69%	14.9%
35th	Cameroon	1.76%	-0.1%
36th	Dominican Republic	1.79%	-9.9%
37th	Canada	1.83%	-8.9%
38th	Argentina	1.85%	1.4%
39th	Switzerland	1.86%	-5.4%
40th	Iran, Islamic Republic of	1.86%	-18.0%
41st	Afghanistan	1.87%	14.7%
42nd	Rwanda	1.88%	-
43rd	Burundi	1.95%	33.4%
44th	New Zealand	1.97%	-9.6%
45th	Denmark	1.98%	-9.4%
46th	Ecuador	1.98%	-0.7%
47th	Spain	2.11%	-8.9%
48th	Brazil	2.15%	-11.5%
49th	Italy	2.20%	-8.2%
50th	Australia	2.38%	-11.4%
51st	Kuwait	2.52%	23.8%
52nd	Zimbabwe	2.63%	20.3%
53rd	South Africa	2.65%	11.6%
54th	Mali	2.66%	11.8%
55th	Netherlands	2.70%	-4.1%
56th	European Union	2.80%	-3.3%
57th	Philippines	2.81%	20.4%
58th	Belgium	2.84%	-1.6%
59th	Thailand	2.88%	-17.0%
60th	Hungary	3.01%	-8.1%
61st	Morocco	3.06%	7.7%
62nd	Norway	3.13%	-4.8%
63rd	France	3.14%	-2.7%
64th	Germany	3.14%	-0.2%
65th	India	3.16%	-15.0%
66th	Sudan	3.16%	-24.6%
67th	Sweden	3.28%	-3.8%
68th	Brunei Darussalam	3.28%	-14.1%
69th	Türkiye	3.35%	-2.8%
70th	Paraguay	3.42%	-11.2%
71st	Portugal	3.48%	-14.3%
72nd	Uganda	3.50%	-13.9%
73rd	Greece	3.52%	-11.1%
74th	Uruguay	3.76%	71.2%
75th	Lebanon	3.82%	-25.0%
76th	Malaysia	3.87%	-22.2%
77th	Peru	3.93%	8.1%
78th	Libya	3.98%	7.4%
79th	Korea	4.03%	-19.5%
80th	Tanzania	4.17%	21.6%
81st	Congo, Republic of	4.22%	19.6%
82nd	Singapore	4.70%	-7.5%
83rd	United Kingdom	4.91%	-5.1%
84th	Myanmar	5.11%	-6.2%
85th	Nigeria	5.48%	1.6%
86th	United States	5.89%	-9.6%
87th	Pakistan	6.21%	-9.5%
88th	Chile	6.28%	-5.2%
89th	Saudi Arabia	10.84%	7.5%
90th	Iraq	12.26%	15.2%
91st	Egypt, Arab Republic of	13.51%	-0.4%
92nd	Syrian Arab Republic	15.07%	39.9%
93rd	Oman	18.60%	25.1%
94th	Jordan	18.67%	1.7%
95th	Israel	27.86%	36.7%

FAQ

What was Korea's military spending in 1973?▾

Korea's military spending in 1973 was 4.03%. This ranked 79th globally.

How did Korea's military spending change in 1973?▾

Korea's military spending decreased by 19.5% in 1973 compared to 1972.

Which country had the highest military spending in 1973?▾

Israel had the highest military spending in 1973 at 27.86%.

What is the military spending of Korea in 1973?▾

The military spending of Korea in 1973 was 4.03%. This ranked 79th globally.

How does 1973 compare to 1972 for Korea's military spending?▾

Korea's military spending went from 5.01% in 1972 to 4.03% in 1973, a 19.5% decrease.

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