The country came in number 2 in 2023, the United States came ahead $5,560 Million PPP. South Korea, Germany and the United Kingdom respectively were numbers 2, 3 and 4 in this ranking.
How does South Korea rank in R&D Budget for Defence?
| # | 30 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 79,830 | 2023 | +1.87% | +3.41% | View data |
| 2 | 2 South Korea | 5,640 | 2023 | +5.03% | +8.75% | |
| 3 | 3 Germany | 3,360 | 2023 | +7.35% | +19.1% | View data |
| 4 | 4 United Kingdom | 2,280 | 2023 | -0.8% | -1.11% | View data |
| 5 | 5 Japan | 1,290 | 2023 | -23.69% | +5.17% | View data |
