Korea - Gross national expenditure

Gross national expenditure (current US$)

The latest value for Gross national expenditure (current US$) in Korea was $1,578,030,000,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $1,648,300,000,000 in 2018 and $2,655,155,000 in 1961.

Definition: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 $4,349,796,000
1961 $2,655,155,000
1962 $3,117,089,000
1963 $4,384,017,000
1964 $3,680,127,000
1965 $3,344,332,000
1966 $4,320,668,000
1967 $5,401,154,000
1968 $6,895,644,000
1969 $8,604,838,000
1970 $9,901,146,000
1971 $10,949,160,000
1972 $11,372,900,000
1973 $14,378,640,000
1974 $21,707,170,000
1975 $23,683,260,000
1976 $30,741,740,000
1977 $39,157,650,000
1978 $54,100,000,000
1979 $71,833,060,000
1980 $71,061,520,000
1981 $78,045,460,000
1982 $82,537,480,000
1983 $89,559,780,000
1984 $96,928,830,000
1985 $100,114,000,000
1986 $112,310,000,000
1987 $138,083,000,000
1988 $186,839,000,000
1989 $242,171,000,000
1990 $285,509,000,000
1991 $338,314,000,000
1992 $358,109,000,000
1993 $390,774,000,000
1994 $466,119,000,000
1995 $571,973,000,000
1996 $628,859,000,000
1997 $574,302,000,000
1998 $343,068,000,000
1999 $471,152,000,000
2000 $566,347,000,000
2001 $540,858,000,000
2002 $620,536,000,000
2003 $692,166,000,000
2004 $765,659,000,000
2005 $913,284,000,000
2006 $1,046,840,000,000
2007 $1,161,080,000,000
2008 $1,049,950,000,000
2009 $903,646,000,000
2010 $1,111,940,000,000
2011 $1,239,320,000,000
2012 $1,243,530,000,000
2013 $1,307,300,000,000
2014 $1,409,380,000,000
2015 $1,365,420,000,000
2016 $1,400,180,000,000
2017 $1,546,810,000,000
2018 $1,648,300,000,000
2019 $1,605,270,000,000
2020 $1,578,030,000,000

Gross national expenditure (current LCU)

The value for Gross national expenditure (current LCU) in Korea was 1,862,490,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 1,870,720,000,000,000 in 2019 and a minimum value of 274,580,000,000 in 1960.

Definition: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 274,580,000,000
1961 331,340,000,000
1962 405,220,000,000
1963 569,920,000,000
1964 786,980,000,000
1965 890,930,000,000
1966 1,172,370,000,000
1967 1,461,120,000,000
1968 1,907,680,000,000
1969 2,479,570,000,000
1970 3,074,900,000,000
1971 3,801,000,000,000
1972 4,468,300,000,000
1973 5,727,300,000,000
1974 8,779,900,000,000
1975 11,462,700,000,000
1976 14,879,000,000,000
1977 18,952,300,000,000
1978 26,184,400,000,000
1979 34,767,200,000,000
1980 43,164,900,000,000
1981 53,151,300,000,000
1982 60,341,500,000,000
1983 69,476,000,000,000
1984 78,122,700,000,000
1985 87,100,800,000,000
1986 98,995,700,000,000
1987 113,583,000,000,000
1988 136,667,000,000,000
1989 162,608,000,000,000
1990 202,072,000,000,000
1991 248,103,000,000,000
1992 279,558,000,000,000
1993 313,662,000,000,000
1994 374,504,000,000,000
1995 441,145,000,000,000
1996 505,886,000,000,000
1997 546,328,000,000,000
1998 480,790,000,000,000
1999 560,115,000,000,000
2000 640,516,000,000,000
2001 698,242,000,000,000
2002 776,347,000,000,000
2003 824,792,000,000,000
2004 876,925,000,000,000
2005 935,309,000,000,000
2006 999,514,000,000,000
2007 1,078,940,000,000,000
2008 1,157,090,000,000,000
2009 1,153,890,000,000,000
2010 1,285,470,000,000,000
2011 1,373,530,000,000,000
2012 1,400,800,000,000,000
2013 1,431,300,000,000,000
2014 1,484,030,000,000,000
2015 1,544,500,000,000,000
2016 1,624,820,000,000,000
2017 1,748,550,000,000,000
2018 1,813,960,000,000,000
2019 1,870,720,000,000,000
2020 1,862,490,000,000,000

Gross national expenditure (constant 2010 US$)

The latest value for Gross national expenditure (constant 2010 US$) in Korea was 1,530,150,000,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between 1,553,300,000,000 in 2019 and 37,312,140,000 in 1960.

Definition: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). 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 37,312,140,000
1961 38,599,840,000
1962 41,731,680,000
1963 44,891,450,000
1964 47,503,020,000
1965 50,728,830,000
1966 56,326,370,000
1967 61,898,990,000
1968 70,488,060,000
1969 79,712,950,000
1970 86,707,730,000
1971 95,652,720,000
1972 98,598,210,000
1973 109,680,000,000
1974 121,775,000,000
1975 127,536,000,000
1976 140,149,000,000
1977 154,969,000,000
1978 175,785,000,000
1979 194,352,000,000
1980 188,268,000,000
1981 197,376,000,000
1982 211,925,000,000
1983 233,433,000,000
1984 251,994,000,000
1985 269,206,000,000
1986 296,840,000,000
1987 326,562,000,000
1988 365,913,000,000
1989 412,620,000,000
1990 461,824,000,000
1991 516,863,000,000
1992 541,835,000,000
1993 574,395,000,000
1994 634,179,000,000
1995 694,108,000,000
1996 755,548,000,000
1997 772,085,000,000
1998 652,580,000,000
1999 751,031,000,000
2000 825,259,000,000
2001 862,648,000,000
2002 934,671,000,000
2003 954,537,000,000
2004 975,019,000,000
2005 1,013,330,000,000
2006 1,067,110,000,000
2007 1,124,410,000,000
2008 1,140,670,000,000
2009 1,116,630,000,000
2010 1,209,620,000,000
2011 1,245,640,000,000
2012 1,254,400,000,000
2013 1,279,230,000,000
2014 1,315,470,000,000
2015 1,365,420,000,000
2016 1,420,790,000,000
2017 1,500,260,000,000
2018 1,530,240,000,000
2019 1,553,300,000,000
2020 1,530,150,000,000

Gross national expenditure (constant LCU)

The value for Gross national expenditure (constant LCU) in Korea was 1,730,840,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 1,757,030,000,000,000 in 2019 and a minimum value of 42,205,900,000,000 in 1960.

Definition: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 42,205,900,000,000
1961 43,662,500,000,000
1962 47,205,100,000,000
1963 50,779,300,000,000
1964 53,733,400,000,000
1965 57,382,300,000,000
1966 63,714,000,000,000
1967 70,017,500,000,000
1968 79,733,100,000,000
1969 90,167,900,000,000
1970 98,080,100,000,000
1971 108,198,000,000,000
1972 111,530,000,000,000
1973 124,065,000,000,000
1974 137,747,000,000,000
1975 144,263,000,000,000
1976 158,531,000,000,000
1977 175,295,000,000,000
1978 198,841,000,000,000
1979 219,842,000,000,000
1980 212,961,000,000,000
1981 223,263,000,000,000
1982 239,721,000,000,000
1983 264,049,000,000,000
1984 285,044,000,000,000
1985 304,514,000,000,000
1986 335,773,000,000,000
1987 369,393,000,000,000
1988 413,906,000,000,000
1989 466,738,000,000,000
1990 522,395,000,000,000
1991 584,654,000,000,000
1992 612,901,000,000,000
1993 649,731,000,000,000
1994 717,357,000,000,000
1995 785,146,000,000,000
1996 854,644,000,000,000
1997 873,350,000,000,000
1998 738,171,000,000,000
1999 849,535,000,000,000
2000 933,498,000,000,000
2001 975,791,000,000,000
2002 1,057,260,000,000,000
2003 1,079,730,000,000,000
2004 1,102,900,000,000,000
2005 1,146,230,000,000,000
2006 1,207,060,000,000,000
2007 1,271,890,000,000,000
2008 1,290,280,000,000,000
2009 1,263,090,000,000,000
2010 1,368,270,000,000,000
2011 1,409,010,000,000,000
2012 1,418,920,000,000,000
2013 1,447,010,000,000,000
2014 1,488,000,000,000,000
2015 1,544,500,000,000,000
2016 1,607,130,000,000,000
2017 1,697,030,000,000,000
2018 1,730,950,000,000,000
2019 1,757,030,000,000,000
2020 1,730,840,000,000,000

Gross national expenditure (% of GDP)

Gross national expenditure (% of GDP) in Korea was 96.34 as of 2020. Its highest value over the past 60 years was 112.69 in 1968, while its lowest value was 89.50 in 1998.

Definition: Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 109.89
1961 109.83
1962 110.76
1963 109.91
1964 106.39
1965 107.16
1966 109.97
1967 111.23
1968 112.69
1969 112.06
1970 109.95
1971 110.56
1972 104.70
1973 103.62
1974 111.07
1975 108.72
1976 102.81
1977 101.85
1978 104.09
1979 107.30
1980 108.66
1981 107.01
1982 105.33
1983 102.05
1984 99.40
1985 98.83
1986 96.13
1987 93.33
1988 93.61
1989 98.07
1990 100.76
1991 102.32
1992 100.73
1993 99.52
1994 100.54
1995 100.95
1996 103.06
1997 100.80
1998 89.50
1999 94.70
2000 98.29
2001 98.76
2002 98.93
2003 98.50
2004 96.53
2005 97.69
2006 99.39
2007 99.02
2008 100.25
2009 95.73
2010 97.19
2011 98.89
2012 97.27
2013 95.37
2014 94.95
2015 93.15
2016 93.34
2017 95.25
2018 95.56
2019 97.21
2020 96.34

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts