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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.
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 ...
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;
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 ...
Military expenditure of the world from 1950 to 2022 in constant 2021 US$ billions. ... South Korea * 6,041: 7,732: 9,469 ... Military budget;
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 and ...
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.