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The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies.
This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. All Data is based on the World Economic Outlook Databook of the International Monetary Fund.
The level of customs duties is a direct indicator of the openness of an economy to world trade. However, there may also be import barriers that are not based on the levy of duties. The following table shows the tariff rate, in percentages, according to United Nations Conference on Trade and Development (UNCTAD) , [ 1 ] World Trade Organization ...
Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions. ... South Korea * 6,041: 7,732: 9,469 ... Military budget;
Map of military expenditures as a percentage of GDP by country, 2017. [2] List of countries by Global Militarization Index; List of countries by level of military equipment; List of countries by military expenditures; List of countries by military expenditure per capita; List of countries by number of military and paramilitary personnel
Excluding extra budgets, South Korea's 2023 spending will grow by 5.2%, the slowest since 2017. South Korea said on Tuesday it would cut annual government spending for the first time in more than ...
Under its worst-case scenario, real GDP in those three countries in 2028 could be 1% or more below Fitch's current expectations, if U.S. trade protectionism increases sharply.
South Korea has one of the highest defense budgets in the world, ranking 9th globally in 2021, with a budget of nearly $46.7 billion U.S. dollars, [40] and the defense budget trends from 1975 to 2023 based on South Korea's 2015 GDP announced by the Ministry of National Defense are as follows, [41] and the actual annual military expenditure may ...