Korea - Final consumption expenditure
Final consumption expenditure (current US$)
The latest value for Final consumption expenditure (current US$) in Korea was $1,056,180,000,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $1,105,200,000,000 in 2018 and $2,348,242,000 in 1961.
Definition: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | $3,933,319,000 |
| 1961 | $2,348,242,000 |
| 1962 | $2,721,010,000 |
| 1963 | $3,634,629,000 |
| 1964 | $3,146,986,000 |
| 1965 | $2,883,596,000 |
| 1966 | $3,468,195,000 |
| 1967 | $4,323,082,000 |
| 1968 | $5,237,448,000 |
| 1969 | $6,306,323,000 |
| 1970 | $7,530,590,000 |
| 1971 | $8,475,587,000 |
| 1972 | $9,039,681,000 |
| 1973 | $10,769,230,000 |
| 1974 | $15,335,870,000 |
| 1975 | $17,469,010,000 |
| 1976 | $22,477,890,000 |
| 1977 | $27,583,060,000 |
| 1978 | $36,177,690,000 |
| 1979 | $46,745,450,000 |
| 1980 | $48,805,950,000 |
| 1981 | $54,590,110,000 |
| 1982 | $57,488,510,000 |
| 1983 | $61,058,070,000 |
| 1984 | $65,435,000,000 |
| 1985 | $67,425,230,000 |
| 1986 | $74,204,890,000 |
| 1987 | $89,873,560,000 |
| 1988 | $117,350,000,000 |
| 1989 | $151,509,000,000 |
| 1990 | $173,428,000,000 |
| 1991 | $201,975,000,000 |
| 1992 | $220,384,000,000 |
| 1993 | $242,918,000,000 |
| 1994 | $287,568,000,000 |
| 1995 | $351,291,000,000 |
| 1996 | $388,309,000,000 |
| 1997 | $362,418,000,000 |
| 1998 | $236,583,000,000 |
| 1999 | $316,859,000,000 |
| 2000 | $376,821,000,000 |
| 2001 | $367,782,000,000 |
| 2002 | $425,508,000,000 |
| 2003 | $465,331,000,000 |
| 2004 | $507,484,000,000 |
| 2005 | $609,364,000,000 |
| 2006 | $699,350,000,000 |
| 2007 | $772,973,000,000 |
| 2008 | $697,345,000,000 |
| 2009 | $626,127,000,000 |
| 2010 | $739,525,000,000 |
| 2011 | $821,756,000,000 |
| 2012 | $843,169,000,000 |
| 2013 | $897,633,000,000 |
| 2014 | $967,198,000,000 |
| 2015 | $932,585,000,000 |
| 2016 | $948,008,000,000 |
| 2017 | $1,022,480,000,000 |
| 2018 | $1,105,200,000,000 |
| 2019 | $1,085,160,000,000 |
| 2020 | $1,056,180,000,000 |
Final consumption expenditure (current LCU)
The value for Final consumption expenditure (current LCU) in Korea was 1,246,570,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 1,264,600,000,000,000 in 2019 and a minimum value of 248,290,000,000 in 1960.
Definition: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 248,290,000,000 |
| 1961 | 293,040,000,000 |
| 1962 | 353,730,000,000 |
| 1963 | 472,500,000,000 |
| 1964 | 672,970,000,000 |
| 1965 | 768,190,000,000 |
| 1966 | 941,060,000,000 |
| 1967 | 1,169,480,000,000 |
| 1968 | 1,448,940,000,000 |
| 1969 | 1,817,230,000,000 |
| 1970 | 2,338,700,000,000 |
| 1971 | 2,942,300,000,000 |
| 1972 | 3,551,600,000,000 |
| 1973 | 4,289,600,000,000 |
| 1974 | 6,202,900,000,000 |
| 1975 | 8,455,000,000,000 |
| 1976 | 10,879,300,000,000 |
| 1977 | 13,350,200,000,000 |
| 1978 | 17,510,000,000,000 |
| 1979 | 22,624,800,000,000 |
| 1980 | 29,646,200,000,000 |
| 1981 | 37,177,500,000,000 |
| 1982 | 42,028,700,000,000 |
| 1983 | 47,365,800,000,000 |
| 1984 | 52,739,300,000,000 |
| 1985 | 58,661,300,000,000 |
| 1986 | 65,407,900,000,000 |
| 1987 | 73,927,300,000,000 |
| 1988 | 85,837,700,000,000 |
| 1989 | 101,733,000,000,000 |
| 1990 | 122,746,000,000,000 |
| 1991 | 148,118,000,000,000 |
| 1992 | 172,043,000,000,000 |
| 1993 | 194,983,000,000,000 |
| 1994 | 231,047,000,000,000 |
| 1995 | 270,940,000,000,000 |
| 1996 | 312,375,000,000,000 |
| 1997 | 344,765,000,000,000 |
| 1998 | 331,556,000,000,000 |
| 1999 | 376,689,000,000,000 |
| 2000 | 426,170,000,000,000 |
| 2001 | 474,802,000,000,000 |
| 2002 | 532,348,000,000,000 |
| 2003 | 554,493,000,000,000 |
| 2004 | 581,232,000,000,000 |
| 2005 | 624,060,000,000,000 |
| 2006 | 667,733,000,000,000 |
| 2007 | 718,291,000,000,000 |
| 2008 | 768,507,000,000,000 |
| 2009 | 799,520,000,000,000 |
| 2010 | 854,936,000,000,000 |
| 2011 | 910,746,000,000,000 |
| 2012 | 949,805,000,000,000 |
| 2013 | 982,776,000,000,000 |
| 2014 | 1,018,420,000,000,000 |
| 2015 | 1,054,900,000,000,000 |
| 2016 | 1,100,100,000,000,000 |
| 2017 | 1,155,840,000,000,000 |
| 2018 | 1,216,270,000,000,000 |
| 2019 | 1,264,600,000,000,000 |
| 2020 | 1,246,570,000,000,000 |
Final consumption expenditure (constant 2010 US$)
The latest value for Final consumption expenditure (constant 2010 US$) in Korea was 1,033,810,000,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between 1,059,580,000,000 in 2019 and 35,331,060,000 in 1960.
Definition: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | 35,331,060,000 |
| 1961 | 36,070,840,000 |
| 1962 | 39,305,400,000 |
| 1963 | 41,080,570,000 |
| 1964 | 44,188,630,000 |
| 1965 | 47,215,090,000 |
| 1966 | 50,550,170,000 |
| 1967 | 55,012,940,000 |
| 1968 | 60,825,660,000 |
| 1969 | 67,324,050,000 |
| 1970 | 74,152,270,000 |
| 1971 | 81,178,620,000 |
| 1972 | 85,984,130,000 |
| 1973 | 93,047,780,000 |
| 1974 | 99,993,320,000 |
| 1975 | 105,856,000,000 |
| 1976 | 113,613,000,000 |
| 1977 | 120,146,000,000 |
| 1978 | 129,864,000,000 |
| 1979 | 140,665,000,000 |
| 1980 | 143,031,000,000 |
| 1981 | 151,068,000,000 |
| 1982 | 161,155,000,000 |
| 1983 | 174,613,000,000 |
| 1984 | 187,264,000,000 |
| 1985 | 199,783,000,000 |
| 1986 | 217,143,000,000 |
| 1987 | 235,311,000,000 |
| 1988 | 257,075,000,000 |
| 1989 | 285,110,000,000 |
| 1990 | 313,963,000,000 |
| 1991 | 340,036,000,000 |
| 1992 | 363,310,000,000 |
| 1993 | 386,775,000,000 |
| 1994 | 418,419,000,000 |
| 1995 | 458,539,000,000 |
| 1996 | 493,441,000,000 |
| 1997 | 512,803,000,000 |
| 1998 | 464,800,000,000 |
| 1999 | 514,704,000,000 |
| 2000 | 554,944,000,000 |
| 2001 | 587,699,000,000 |
| 2002 | 637,956,000,000 |
| 2003 | 641,551,000,000 |
| 2004 | 649,063,000,000 |
| 2005 | 680,145,000,000 |
| 2006 | 717,262,000,000 |
| 2007 | 756,959,000,000 |
| 2008 | 774,178,000,000 |
| 2009 | 786,373,000,000 |
| 2010 | 823,046,000,000 |
| 2011 | 846,610,000,000 |
| 2012 | 865,879,000,000 |
| 2013 | 886,787,000,000 |
| 2014 | 909,087,000,000 |
| 2015 | 932,585,000,000 |
| 2016 | 960,820,000,000 |
| 2017 | 990,162,000,000 |
| 2018 | 1,026,860,000,000 |
| 2019 | 1,059,580,000,000 |
| 2020 | 1,033,810,000,000 |
Final consumption expenditure (annual % growth)
The value for Final consumption expenditure (annual % growth) in Korea was -2.43 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 10.91 in 1989 and a minimum value of -9.36 in 1998.
Definition: Average annual growth of final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1961 | 2.09 |
| 1962 | 8.97 |
| 1963 | 4.52 |
| 1964 | 7.57 |
| 1965 | 6.85 |
| 1966 | 7.06 |
| 1967 | 8.83 |
| 1968 | 10.57 |
| 1969 | 10.68 |
| 1970 | 10.14 |
| 1971 | 9.48 |
| 1972 | 5.92 |
| 1973 | 8.22 |
| 1974 | 7.46 |
| 1975 | 5.86 |
| 1976 | 7.33 |
| 1977 | 5.75 |
| 1978 | 8.09 |
| 1979 | 8.32 |
| 1980 | 1.68 |
| 1981 | 5.62 |
| 1982 | 6.68 |
| 1983 | 8.35 |
| 1984 | 7.25 |
| 1985 | 6.69 |
| 1986 | 8.69 |
| 1987 | 8.37 |
| 1988 | 9.25 |
| 1989 | 10.91 |
| 1990 | 10.12 |
| 1991 | 8.30 |
| 1992 | 6.84 |
| 1993 | 6.46 |
| 1994 | 8.18 |
| 1995 | 9.59 |
| 1996 | 7.61 |
| 1997 | 3.92 |
| 1998 | -9.36 |
| 1999 | 10.74 |
| 2000 | 7.82 |
| 2001 | 5.90 |
| 2002 | 8.55 |
| 2003 | 0.56 |
| 2004 | 1.17 |
| 2005 | 4.79 |
| 2006 | 5.46 |
| 2007 | 5.53 |
| 2008 | 2.27 |
| 2009 | 1.58 |
| 2010 | 4.66 |
| 2011 | 2.86 |
| 2012 | 2.28 |
| 2013 | 2.41 |
| 2014 | 2.51 |
| 2015 | 2.58 |
| 2016 | 3.03 |
| 2017 | 3.05 |
| 2018 | 3.71 |
| 2019 | 3.19 |
| 2020 | -2.43 |
Final consumption expenditure (constant LCU)
The value for Final consumption expenditure (constant LCU) in Korea was 1,169,400,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 1,198,560,000,000,000 in 2019 and a minimum value of 39,965,000,000,000 in 1960.
Definition: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 39,965,000,000,000 |
| 1961 | 40,801,800,000,000 |
| 1962 | 44,460,600,000,000 |
| 1963 | 46,468,600,000,000 |
| 1964 | 49,984,300,000,000 |
| 1965 | 53,407,700,000,000 |
| 1966 | 57,180,200,000,000 |
| 1967 | 62,228,300,000,000 |
| 1968 | 68,803,400,000,000 |
| 1969 | 76,154,100,000,000 |
| 1970 | 83,877,900,000,000 |
| 1971 | 91,825,800,000,000 |
| 1972 | 97,261,600,000,000 |
| 1973 | 105,252,000,000,000 |
| 1974 | 113,108,000,000,000 |
| 1975 | 119,740,000,000,000 |
| 1976 | 128,514,000,000,000 |
| 1977 | 135,904,000,000,000 |
| 1978 | 146,897,000,000,000 |
| 1979 | 159,114,000,000,000 |
| 1980 | 161,790,000,000,000 |
| 1981 | 170,881,000,000,000 |
| 1982 | 182,291,000,000,000 |
| 1983 | 197,515,000,000,000 |
| 1984 | 211,825,000,000,000 |
| 1985 | 225,986,000,000,000 |
| 1986 | 245,623,000,000,000 |
| 1987 | 266,174,000,000,000 |
| 1988 | 290,792,000,000,000 |
| 1989 | 322,504,000,000,000 |
| 1990 | 355,142,000,000,000 |
| 1991 | 384,635,000,000,000 |
| 1992 | 410,961,000,000,000 |
| 1993 | 437,504,000,000,000 |
| 1994 | 473,298,000,000,000 |
| 1995 | 518,680,000,000,000 |
| 1996 | 558,160,000,000,000 |
| 1997 | 580,060,000,000,000 |
| 1998 | 525,762,000,000,000 |
| 1999 | 582,212,000,000,000 |
| 2000 | 627,729,000,000,000 |
| 2001 | 664,781,000,000,000 |
| 2002 | 721,628,000,000,000 |
| 2003 | 725,696,000,000,000 |
| 2004 | 734,193,000,000,000 |
| 2005 | 769,351,000,000,000 |
| 2006 | 811,336,000,000,000 |
| 2007 | 856,239,000,000,000 |
| 2008 | 875,717,000,000,000 |
| 2009 | 889,512,000,000,000 |
| 2010 | 930,995,000,000,000 |
| 2011 | 957,649,000,000,000 |
| 2012 | 979,446,000,000,000 |
| 2013 | 1,003,100,000,000,000 |
| 2014 | 1,028,320,000,000,000 |
| 2015 | 1,054,900,000,000,000 |
| 2016 | 1,086,840,000,000,000 |
| 2017 | 1,120,030,000,000,000 |
| 2018 | 1,161,540,000,000,000 |
| 2019 | 1,198,560,000,000,000 |
| 2020 | 1,169,400,000,000,000 |
Final consumption expenditure (% of GDP)
Final consumption expenditure (% of GDP) in Korea was 64.48 as of 2020. Its highest value over the past 60 years was 99.37 in 1960, while its lowest value was 58.80 in 1988.
Definition: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | 99.37 |
| 1961 | 97.13 |
| 1962 | 96.68 |
| 1963 | 91.12 |
| 1964 | 90.98 |
| 1965 | 92.40 |
| 1966 | 88.27 |
| 1967 | 89.03 |
| 1968 | 85.59 |
| 1969 | 82.13 |
| 1970 | 83.63 |
| 1971 | 85.58 |
| 1972 | 83.22 |
| 1973 | 77.61 |
| 1974 | 78.47 |
| 1975 | 80.19 |
| 1976 | 75.17 |
| 1977 | 71.74 |
| 1978 | 69.61 |
| 1979 | 69.82 |
| 1980 | 74.63 |
| 1981 | 74.85 |
| 1982 | 73.37 |
| 1983 | 69.57 |
| 1984 | 67.11 |
| 1985 | 66.56 |
| 1986 | 63.51 |
| 1987 | 60.75 |
| 1988 | 58.80 |
| 1989 | 61.36 |
| 1990 | 61.20 |
| 1991 | 61.08 |
| 1992 | 61.99 |
| 1993 | 61.86 |
| 1994 | 62.03 |
| 1995 | 62.00 |
| 1996 | 63.64 |
| 1997 | 63.61 |
| 1998 | 61.72 |
| 1999 | 63.69 |
| 2000 | 65.40 |
| 2001 | 67.16 |
| 2002 | 67.84 |
| 2003 | 66.22 |
| 2004 | 63.98 |
| 2005 | 65.18 |
| 2006 | 66.40 |
| 2007 | 65.92 |
| 2008 | 66.58 |
| 2009 | 66.33 |
| 2010 | 64.64 |
| 2011 | 65.57 |
| 2012 | 65.95 |
| 2013 | 65.48 |
| 2014 | 65.16 |
| 2015 | 63.62 |
| 2016 | 63.20 |
| 2017 | 62.96 |
| 2018 | 64.08 |
| 2019 | 65.71 |
| 2020 | 64.48 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
