Korea - General government final consumption expenditure (current LCU)
The value for General government final consumption expenditure (current LCU) in Korea was 349,123,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 349,123,000,000,000 in 2020 and a minimum value of 35,570,000,000 in 1960.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 35,570,000,000 |
| 1961 | 40,050,000,000 |
| 1962 | 49,630,000,000 |
| 1963 | 54,630,000,000 |
| 1964 | 60,710,000,000 |
| 1965 | 74,410,000,000 |
| 1966 | 103,170,000,000 |
| 1967 | 129,680,000,000 |
| 1968 | 171,880,000,000 |
| 1969 | 219,450,000,000 |
| 1970 | 276,700,000,000 |
| 1971 | 350,000,000,000 |
| 1972 | 446,800,000,000 |
| 1973 | 491,000,000,000 |
| 1974 | 759,300,000,000 |
| 1975 | 1,169,300,000,000 |
| 1976 | 1,563,800,000,000 |
| 1977 | 1,988,700,000,000 |
| 1978 | 2,493,300,000,000 |
| 1979 | 3,185,100,000,000 |
| 1980 | 4,729,500,000,000 |
| 1981 | 5,996,000,000,000 |
| 1982 | 6,750,100,000,000 |
| 1983 | 7,569,000,000,000 |
| 1984 | 8,294,500,000,000 |
| 1985 | 9,356,300,000,000 |
| 1986 | 10,570,700,000,000 |
| 1987 | 12,151,400,000,000 |
| 1988 | 14,475,500,000,000 |
| 1989 | 17,833,100,000,000 |
| 1990 | 22,008,200,000,000 |
| 1991 | 26,073,500,000,000 |
| 1992 | 30,697,600,000,000 |
| 1993 | 33,878,700,000,000 |
| 1994 | 38,275,500,000,000 |
| 1995 | 43,870,900,000,000 |
| 1996 | 50,998,600,000,000 |
| 1997 | 55,339,900,000,000 |
| 1998 | 61,258,700,000,000 |
| 1999 | 65,511,900,000,000 |
| 2000 | 71,028,200,000,000 |
| 2001 | 83,110,700,000,000 |
| 2002 | 92,141,500,000,000 |
| 2003 | 101,757,000,000,000 |
| 2004 | 112,531,000,000,000 |
| 2005 | 123,149,000,000,000 |
| 2006 | 134,455,000,000,000 |
| 2007 | 146,482,000,000,000 |
| 2008 | 162,151,000,000,000 |
| 2009 | 176,712,000,000,000 |
| 2010 | 187,875,000,000,000 |
| 2011 | 199,627,000,000,000 |
| 2012 | 211,493,000,000,000 |
| 2013 | 224,771,000,000,000 |
| 2014 | 237,959,000,000,000 |
| 2015 | 250,088,000,000,000 |
| 2016 | 265,295,000,000,000 |
| 2017 | 283,046,000,000,000 |
| 2018 | 304,693,000,000,000 |
| 2019 | 328,663,000,000,000 |
| 2020 | 349,123,000,000,000 |
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
