South Korea | Military expenditure (% of GDP)

Military expenditure (% of GDP) refers to the percentage of a country's gross domestic product (GDP) allocated to military spending. This includes all current and capital expenditures on the armed forces, such as salaries, pensions, arms and equipment purchases, maintenance of buildings, and operations. The chart illustrates the percentage of GDP spent on military expenditure in South Korea over a period of 23 years, from 2000 to 2022.