Korea - General government final consumption expenditure (constant LCU)
The value for General government final consumption expenditure (constant LCU) in Korea was 319,321,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 319,321,000,000,000 in 2020 and a minimum value of 11,932,800,000,000 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 constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 11,932,800,000,000 |
| 1961 | 12,018,300,000,000 |
| 1962 | 12,505,500,000,000 |
| 1963 | 13,209,300,000,000 |
| 1964 | 13,220,200,000,000 |
| 1965 | 14,084,700,000,000 |
| 1966 | 15,711,400,000,000 |
| 1967 | 17,198,200,000,000 |
| 1968 | 19,040,400,000,000 |
| 1969 | 21,066,900,000,000 |
| 1970 | 22,595,500,000,000 |
| 1971 | 24,545,500,000,000 |
| 1972 | 26,548,700,000,000 |
| 1973 | 27,148,400,000,000 |
| 1974 | 29,106,900,000,000 |
| 1975 | 31,114,500,000,000 |
| 1976 | 31,294,800,000,000 |
| 1977 | 33,462,100,000,000 |
| 1978 | 35,324,500,000,000 |
| 1979 | 37,377,300,000,000 |
| 1980 | 41,850,600,000,000 |
| 1981 | 44,644,800,000,000 |
| 1982 | 45,624,000,000,000 |
| 1983 | 47,277,800,000,000 |
| 1984 | 49,560,400,000,000 |
| 1985 | 51,227,500,000,000 |
| 1986 | 53,925,800,000,000 |
| 1987 | 57,807,700,000,000 |
| 1988 | 62,763,700,000,000 |
| 1989 | 69,883,200,000,000 |
| 1990 | 77,174,100,000,000 |
| 1991 | 80,922,000,000,000 |
| 1992 | 85,981,600,000,000 |
| 1993 | 89,599,400,000,000 |
| 1994 | 92,572,100,000,000 |
| 1995 | 96,151,500,000,000 |
| 1996 | 102,813,000,000,000 |
| 1997 | 105,277,000,000,000 |
| 1998 | 109,526,000,000,000 |
| 1999 | 114,951,000,000,000 |
| 2000 | 115,735,000,000,000 |
| 2001 | 123,200,000,000,000 |
| 2002 | 131,262,000,000,000 |
| 2003 | 137,910,000,000,000 |
| 2004 | 144,259,000,000,000 |
| 2005 | 151,963,000,000,000 |
| 2006 | 163,566,000,000,000 |
| 2007 | 174,245,000,000,000 |
| 2008 | 182,641,000,000,000 |
| 2009 | 194,787,000,000,000 |
| 2010 | 205,739,000,000,000 |
| 2011 | 211,013,000,000,000 |
| 2012 | 220,490,000,000,000 |
| 2013 | 231,036,000,000,000 |
| 2014 | 240,901,000,000,000 |
| 2015 | 250,088,000,000,000 |
| 2016 | 261,162,000,000,000 |
| 2017 | 271,429,000,000,000 |
| 2018 | 285,893,000,000,000 |
| 2019 | 304,190,000,000,000 |
| 2020 | 319,321,000,000,000 |
Base Period: varies by country
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
