Page 41 - 2020 Defence White Paper

Appendix
3

Annual Defense Budget

Defense Budget-
Defense Budget Defense Budget-GDP Government Finance Defense Budget Increase
(KRW billion) Ratio (%) Rate (%)
Year Ratio (%)
Supple Supple Supple Supple
Main Main Main Main
mentary mentary mentary mentary
1991 7,452.4 7,476.4 3.07 3.08 27.4 23.8 12.3 12.6
1992 8,410.0 8,410.0 3.03 3.03 25.1 25.1 12.8 12.5
1993 9,215.4 9,215.4 2.92 2.92 24.2 24.2 9.6 9.6
1994 10,075.3 10,075.3 2.70 2.70 23.3 23.3 9.3 9.3
1995 11,074.4 11,074.4 2.53 2.53 21.3 21.3 9.9 9.9
1996 12,243.4 12,243.4 2.49 2.49 21.1 20.8 10.6 10.6
1997 13,786.5 13,786.5 2.54 2.54 20.4 20.7 12.6 12.6
1998 14,627.5 13,800.0 2.72 2.57 20.8 18.3 6.1 0.1
1999 13,749.0 13,749.0 2.32 2.32 17.2 16.4 ¦6.0 ¦0.4
2000 14,439.0 14,477.4 2.22 2.22 16.7 16.3 5.0 5.3
2001 15,388.4 15,388.4 2.18 2.18 16.3 15.5 6.6 6.3
2002 16,364.0 16,364.0 2.09 2.09 15.5 14.9 6.3 6.3
2003 17,426.4 17,514.8 2.08 2.09 15.6 14.8 6.5 7.0
2004 18,941.2 18,941.2 2.09 2.09 16.0 15.8 8.7 8.1
2005 20,822.6 21,102.6 2.17 2.20 15.5 15.6 9.9 11.4
2006 22,512.9 22,512.9 2.24 2.24 15.5 15.3 8.1 6.7
2007 24,497.2 24,497.2 2.25 2.25 15.7 15.7 8.8 8.8
2008 26,649.0 26,649.0 2.31 2.31 15.2 14.8 8.8 8.8
2009 28,532.6 28,980.3 2.37 2.40 14.5 14.2 7.1 8.7
2010 29,562.7 29,562.7 2.24 2.24 14.7 14.7 3.6 2.0
2011 31,403.1 31,403.1 2.26 2.26 15.0 15.0 6.2 6.2
2012 32,957.6 32,957.6 2.29 2.29 14.8 14.8 5.0 5.0
2013 34,345.3 34,497.0 2.29 2.30 14.5 14.3 4.2 4.7
2014 37,705.6 35,705.6 2.28 2.28 14.4 14.4 4.0 3.5
2015 37,456.0 37,555.0 2.26 2.27 14.5 14.3 4.9 5.2
2016 38,799.5 38,842.1 2.23 2.23 14.5 13.9 3.6 3.4
2017 40,334.7 40,334.7 2.20 2.20 14.7 14.2 4.0 3.8
2018 43,158.1 43,158.1 2.27 2.27 14.3 14.2 7.0 7.0
2019 46,697.1 46,697.1 (2.43) (2.43) 14.1 14.0 8.2 8.2
2020 50,152.7 48,378.2 (2.62) (2.52) 14.1 12.4 7.4 3.6
* GDP: recalculated based on the 2015 national accounts of the Bank of Korea.
* The 2020 data is based on the nominal GDP preliminary estimates of the Ministry of Economy and Finance (Economic Policy Direction of the Ministry of
Economy and Finance, December 2020)
œ Nominal GDP: calculated by applying the prices of the relevant year to production in the same year.

Appendix