Korea - Military Spending 2024
2.56%
−0.04% from 2023
Korea's military spending was 2.56% in 2024, decreased +0.04% from 2.60% in 2023. This was the 114th highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Haiti | 0.07% | 26.6% |
| 2nd | Mauritius | 0.15% | 6.5% |
| 3rd | Ireland | 0.24% | 3.8% |
| 4th | Papua New Guinea | 0.31% | -8.6% |
| 5th | Zimbabwe | 0.35% | 67.4% |
| 6th | Guatemala | 0.37% | -12.3% |
| 7th | Ghana | 0.38% | -3.5% |
| 8th | Kazakhstan | 0.43% | -2.8% |
| 9th | Malta | 0.45% | -10.6% |
| 10th | Sierra Leone | 0.46% | -23.3% |
| 11th | Nicaragua | 0.55% | -1.7% |
| 12th | Nigeria | 0.56% | -34.1% |
| 13th | Gambia, The | 0.57% | -1.1% |
| 14th | Moldova | 0.60% | 4.8% |
| 15th | Argentina | 0.62% | -18.2% |
| 16th | Cabo Verde | 0.62% | 10.1% |
| 17th | Egypt, Arab Republic of | 0.67% | -17.8% |
| 18th | South Africa | 0.70% | -7.2% |
| 19th | Madagascar | 0.71% | 9.4% |
| 20th | Liberia | 0.71% | -50.1% |
| 21st | Switzerland | 0.72% | 1.7% |
| 22nd | Benin | 0.72% | -4.9% |
| 23rd | Mongolia | 0.74% | 36.8% |
| 24th | Bosnia and Herzegovina | 0.75% | 4.1% |
| 25th | Côte d'Ivoire | 0.76% | -11.9% |
| 26th | Indonesia | 0.78% | -5.1% |
| 27th | Dominican Republic | 0.78% | 0.4% |
| 28th | Guyana | 0.87% | 35.6% |
| 29th | Mexico | 0.89% | 35.3% |
| 30th | Belize | 0.90% | -9.5% |
| 31st | Peru | 0.91% | -26.4% |
| 32nd | Trinidad and Tobago | 0.92% | -4.0% |
| 33rd | Paraguay | 0.93% | 1.2% |
| 34th | Bangladesh | 0.94% | 2.4% |
| 35th | Luxembourg | 0.96% | 24.5% |
| 36th | Brazil | 0.97% | -3.0% |
| 37th | Nepal | 0.98% | -8.6% |
| 38th | Equatorial Guinea | 0.98% | -35.3% |
| 39th | Malaysia | 0.99% | 0.6% |
| 40th | Kenya | 1.00% | 2.5% |
| 41st | Austria | 1.00% | 14.8% |
| 42nd | Angola | 1.00% | -28.9% |
| 43rd | Cameroon | 1.01% | 8.9% |
| 44th | Malawi | 1.02% | -12.0% |
| 45th | Thailand | 1.08% | -4.6% |
| 46th | Tanzania | 1.15% | -4.6% |
| 47th | Seychelles | 1.18% | -20.7% |
| 48th | Congo, Republic of | 1.19% | -40.0% |
| 49th | El Salvador | 1.19% | -11.3% |
| 50th | New Zealand | 1.19% | -2.2% |
| 51st | Congo, Democratic Republic of | 1.23% | 9.8% |
| 52nd | Rwanda | 1.25% | -0.4% |
| 53rd | Jamaica | 1.27% | 7.4% |
| 54th | Belgium | 1.28% | 7.8% |
| 55th | Slovenia | 1.31% | -0.9% |
| 56th | Fiji | 1.31% | -1.5% |
| 57th | Canada | 1.31% | 4.8% |
| 58th | Philippines | 1.32% | 12.6% |
| 59th | Zambia | 1.33% | -0.5% |
| 60th | Bolivia, Plurinational State of | 1.37% | 5.1% |
| 61st | Japan | 1.37% | 20.3% |
| 62nd | Sri Lanka | 1.43% | -13.1% |
| 63rd | Spain | 1.43% | -2.7% |
| 64th | Eswatini | 1.44% | 4.4% |
| 65th | Kosovo | 1.48% | 15.9% |
| 66th | Cambodia | 1.52% | -1.6% |
| 67th | Portugal | 1.53% | 4.5% |
| 68th | Gabon | 1.54% | 16.2% |
| 69th | Senegal | 1.57% | 6.1% |
| 70th | Lesotho | 1.57% | -3.6% |
| 71st | Honduras | 1.58% | 3.4% |
| 72nd | Chile | 1.58% | -3.2% |
| 73rd | Somalia, Fed. Rep. | 1.59% | 23.4% |
| 74th | Italy | 1.61% | 0.2% |
| 75th | Cyprus | 1.65% | -0.2% |
| 76th | China | 1.71% | 2.8% |
| 77th | Croatia | 1.79% | 5.1% |
| 78th | Montenegro | 1.83% | 20.7% |
| 79th | Tajikistan | 1.85% | -22.9% |
| 80th | Georgia | 1.86% | 12.4% |
| 81st | Uganda | 1.88% | 4.1% |
| 82nd | Australia | 1.88% | 1.2% |
| 83rd | Germany | 1.89% | 27.1% |
| 84th | European Union | 1.90% | 15.6% |
| 85th | Netherlands | 1.92% | 33.0% |
| 86th | Czechia | 1.92% | 30.2% |
| 87th | Türkiye | 1.92% | 11.8% |
| 88th | South Sudan | 1.96% | -6.4% |
| 89th | Mozambique | 1.99% | 3.4% |
| 90th | Sweden | 2.00% | 33.1% |
| 91st | Togo | 2.00% | -34.4% |
| 92nd | Iran, Islamic Republic of | 2.01% | -14.5% |
| 93rd | Slovak Republic | 2.01% | 9.4% |
| 94th | Albania | 2.04% | 17.1% |
| 95th | France | 2.05% | 5.2% |
| 96th | Guinea | 2.05% | -3.7% |
| 97th | Belarus | 2.07% | 2.5% |
| 98th | Norway | 2.09% | 15.3% |
| 99th | North Macedonia | 2.10% | 24.2% |
| 100th | Bulgaria | 2.15% | 10.5% |
| 101st | Mauritania | 2.16% | -4.7% |
| 102nd | Hungary | 2.16% | 5.2% |
| 103rd | Ecuador | 2.22% | -1.9% |
| 104th | Niger | 2.24% | 13.4% |
| 105th | India | 2.27% | -3.6% |
| 106th | United Kingdom | 2.28% | 2.2% |
| 107th | Romania | 2.30% | 43.3% |
| 108th | Finland | 2.30% | 14.6% |
| 109th | Uruguay | 2.31% | 9.2% |
| 110th | Iraq | 2.36% | 4.2% |
| 111th | Denmark | 2.42% | 20.8% |
| 112th | Tunisia | 2.51% | 0.8% |
| 113th | Central African Republic | 2.52% | 6.0% |
| 114th | Korea | 2.56% | -1.4% |
| 115th | Lebanon | 2.59% | 59.4% |
| 116th | Serbia | 2.60% | 17.5% |
| 117th | Timor-Leste | 2.66% | 0.6% |
| 118th | Pakistan | 2.67% | -7.4% |
| 119th | Namibia | 2.73% | -0.4% |
| 120th | Botswana | 2.83% | 15.4% |
| 121st | Singapore | 2.84% | 0.4% |
| 122nd | Bahrain | 2.89% | -17.8% |
| 123rd | Kyrgyz Republic | 2.97% | -14.1% |
| 124th | Chad | 2.98% | 41.0% |
| 125th | Lithuania | 3.12% | 14.9% |
| 126th | Greece | 3.13% | 8.5% |
| 127th | Latvia | 3.26% | 9.7% |
| 128th | Colombia | 3.36% | 13.3% |
| 129th | Estonia | 3.37% | 12.6% |
| 130th | United States | 3.42% | 3.5% |
| 131st | Morocco | 3.52% | -2.1% |
| 132nd | Brunei Darussalam | 3.58% | 20.2% |
| 133rd | Burundi | 3.80% | 10.8% |
| 134th | Poland | 4.15% | 27.1% |
| 135th | Mali | 4.20% | 11.2% |
| 136th | Burkina Faso | 4.68% | 14.7% |
| 137th | Jordan | 4.80% | -0.3% |
| 138th | Kuwait | 4.84% | 1.5% |
| 139th | Azerbaijan | 4.99% | 1.4% |
| 140th | Armenia | 5.48% | -0.4% |
| 141st | Oman | 5.59% | 1.2% |
| 142nd | Myanmar | 6.79% | 81.0% |
| 143rd | Russian Federation | 7.05% | 30.5% |
| 144th | Saudi Arabia | 7.30% | 0.2% |
| 145th | Algeria | 7.97% | 7.9% |
| 146th | Israel | 8.78% | 63.0% |
| 147th | Ukraine | 34.48% | -5.6% |
FAQ
What was Korea's military spending in 2024?▾
Korea's military spending in 2024 was 2.56%. This ranked 114th globally.
How did Korea's military spending change in 2024?▾
Korea's military spending decreased by 1.4% in 2024 compared to 2023.
Which country had the highest military spending in 2024?▾
Ukraine had the highest military spending in 2024 at 34.48%.
What is the military spending of Korea in 2024?▾
The military spending of Korea in 2024 was 2.56%. This ranked 114th globally.
How does 2024 compare to 2023 for Korea's military spending?▾
Korea's military spending went from 2.60% in 2023 to 2.56% in 2024, a 1.4% decrease.
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