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Republic of Korea - Military expenditure in current prices

36,777
(million US dollars)
in 2016

Military expenditure of Republic of Korea increased from 218 million US dollars in 1967 to 36,777 million US dollars in 2016 growing at an average annual rate of 12.04 %.

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Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.)

Date Value Change, %
2016 36,777 0.94 %
2015 36,433 -2.29 %
2014 37,286 8.53 %
2013 34,354 7.52 %
2012 31,952 3.10 %
2011 30,992 10.00 %
2010 28,175 14.65 %
2009 24,576 -5.74 %
2008 26,072 -5.96 %
2007 27,726 10.12 %
2006 25,177 13.62 %
2005 22,160