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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 .
GDP Tax revenue Year GDP Total taxes ... South Korea: 1 673.92: 18.44%: 308.75: 2022: 2 072 000.00: ... List of countries by government spending as percentage of GDP;
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.
Import duty refers to taxes levied on imported goods, capital and services. The level of customs duties is a direct indicator of the openness of an economy to world ...
Rank Country Global Militarization Index (GMI) Military Expenditure Index Score People Index Score Heavy Weapons Index Score 1 Ukraine 335: 5.11: 1.29: 1.75
Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions. ... South Korea * 6,041: 7,732: 9,469 ... Military budget;
At the time of its creation, the country was looking to bolster its military; thus, domestic production would be needed to meet the demands of the military. [8] Combined with South Korea's large number of military personnel, the defense industry would contribute to reducing unemployment. By 1982, the unemployment rate was reduced to 4.4 percent.
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 ...