Page 29 - 2018 Defense White Paper

Appendix 3
Annual Defense Budget

Defense Budget-Government Defense Budget Increase Rate
Year Defense Budget (KRW billion) Defense Budget-GDP Ratio (%)
Finance Ratio (%) (%)
1980 2,246.5 5.69 34.7 46.2
1981 2,697.9 5.47 33.6 20.1
1982 3,120.7 5.49 33.5 15.7
1983 3,274.1 4.85 31.4 4.9
1984 3,306.1 4.25 29.6 1.0
1985 3,689.2 4.23 29.4 11.6
1986 4,158.0 4.08 30.1 12.7
1987 4,745.4 3.95 29.6 14.1
1988 5,520.2 3.83 30.0 16.3
1989 6,014.8 3.68 27.3 9.0
1990 6,637.8 3.36 24.2 10.4
1991 7,476.4 3.13 23.8 12.6
1992 8,410.0 3.08 25.1 12.5
1993 9,215.4 2.97 24.2 9.6
1994 10,075.3 2.75 23.3 9.3
1995 11,074.4 2.58 21.3 9.9
1996 12,243.4 2.54 20.8 10.6
1997 13,786.5 2.60 20.7 12.6
1998 13,800.0 2.63 18.3 0.1
1999 13,749.0 2.38 16.4 ¦0.4
2000 14,477.4 2.28 16.3 5.3
2001 15,388.4 2.24 15.5 6.3
2002 16,364.0 2.15 14.9 6.3
2003 17,514.8 2.16 14.8 7.0
2004 18,941.2 2.16 15.8 8.1
2005 21,102.6 2.29 15.6 11.4
2006 22,512.9 2.33 15.3 6.7
2007 24,497.2 2.35 15.7 8.8
2008 26,649.0 2.41 14.8 8.8
2009 28,980.3 2.52 14.2 8.7
2010 29,562.7 2.34 14.7 2.0
2011 31,403.1 2.36 15.0 6.2
2012 32,957.6 2.39 14.8 5.0
2013 34,497.0 2.41 14.3 4.7
2014 35,705.6 2.40 14.4 3.5
2015 37,555.0 2.40 14.3 5.2
2016 38,842.1 2.37 13.9 3.4
2017 40,334.7 2.33 14.2 3.8
2018 43,158.1 2.38 14.3 7.0
* GDP: recalculated based on the 2010 national accounts of the Bank of Korea and based on the revised supplementary budget
* The 2016 data are based on the nominal GDP preliminary estimates of the Bank of Korea, and the 2017 and 2018 data are based on the nominal
GDP estimates of the Ministry of Strategy and Finance
œ Nominal GDP: Calculated by applying the prices of the relevant year to the productions in the same year

Appendix 331