South Korea - Government Budget Appropriations or Outlays for R&D in Defence
Since 2014, South Korea Government Budget Appropriations or Outlays for R&D in Defence rose 54.3% year on year. With $24,055.59 Million PPP in 2019, the country was ranked number 3 among other countries in Government Budget Appropriations or Outlays for R&D in Defence. South Korea is overtaken by United States, which was ranked number 2 at $69,037 Million PPP and is followed by Russia at $17,025.58 Million PPP. United States lead the ranking with $75,118.21 Million PPP in 2019, that is +0.4% versus 2018. Greece witnessed the best average annual growth at +319.6% per year, while Iceland witnessed the worst performance at -100% per year.
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| Date | Million US Dollars PPP |
|---|---|
| 2019 | 24,055.59 |
| 2018 | 22,679.01 |
| 2017 | 22,372.31 |
| 2016 | 22,292.62 |
| 2015 | 2,969.71 |
Download all data from 1999 to 2019
How does South Korea rank in Government Budget Appropriations or Outlays for R&D in Defence?
| # | 55 Countries | Million US Dollars PPP | Last | YoY | 5‑years CAGR | |
|---|---|---|---|---|---|---|
| 1 |
#1
United States
|
75,118.21 | 2019 | +0.4 % | +1.5 % | View data |
| 3 |
#3
South Korea
|
24,055.59 | 2019 | +6.1 % | +54.3 % | View data |
| 4 |
#4
Russia
|
17,025.58 | 2019 | +0.3 % | -3.9 % | View data |
| 5 |
#5
United Kingdom
|
16,952.30 | 2019 | -3.3 % | +47.2 % | View data |
| 6 |
#6
Italy
|
12,984.05 | 2019 | -1.6 % | +167.7 % | View data |