Korea - Household final consumption expenditure (constant LCU)
The value for Household final consumption expenditure (constant LCU) in Korea was 849,072,000,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 894,075,000,000,000 in 2019 and a minimum value of 29,905,300,000,000 in 1960.
Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 29,905,300,000,000 |
| 1961 | 30,600,300,000,000 |
| 1962 | 33,582,300,000,000 |
| 1963 | 35,038,100,000,000 |
| 1964 | 38,031,800,000,000 |
| 1965 | 40,648,300,000,000 |
| 1966 | 43,324,000,000,000 |
| 1967 | 47,114,900,000,000 |
| 1968 | 52,084,500,000,000 |
| 1969 | 57,651,900,000,000 |
| 1970 | 63,727,600,000,000 |
| 1971 | 69,838,600,000,000 |
| 1972 | 73,761,400,000,000 |
| 1973 | 80,453,200,000,000 |
| 1974 | 86,484,700,000,000 |
| 1975 | 91,430,800,000,000 |
| 1976 | 99,120,200,000,000 |
| 1977 | 104,625,000,000,000 |
| 1978 | 113,550,000,000,000 |
| 1979 | 123,466,000,000,000 |
| 1980 | 123,462,000,000,000 |
| 1981 | 130,151,000,000,000 |
| 1982 | 139,964,000,000,000 |
| 1983 | 152,918,000,000,000 |
| 1984 | 164,700,000,000,000 |
| 1985 | 176,731,000,000,000 |
| 1986 | 193,236,000,000,000 |
| 1987 | 209,839,000,000,000 |
| 1988 | 229,526,000,000,000 |
| 1989 | 254,353,000,000,000 |
| 1990 | 279,924,000,000,000 |
| 1991 | 305,280,000,000,000 |
| 1992 | 326,560,000,000,000 |
| 1993 | 349,248,000,000,000 |
| 1994 | 381,394,000,000,000 |
| 1995 | 422,297,000,000,000 |
| 1996 | 454,998,000,000,000 |
| 1997 | 474,207,000,000,000 |
| 1998 | 417,671,000,000,000 |
| 1999 | 467,989,000,000,000 |
| 2000 | 511,607,000,000,000 |
| 2001 | 541,244,000,000,000 |
| 2002 | 589,833,000,000,000 |
| 2003 | 587,600,000,000,000 |
| 2004 | 589,947,000,000,000 |
| 2005 | 617,417,000,000,000 |
| 2006 | 647,804,000,000,000 |
| 2007 | 682,032,000,000,000 |
| 2008 | 693,103,000,000,000 |
| 2009 | 694,615,000,000,000 |
| 2010 | 725,119,000,000,000 |
| 2011 | 746,491,000,000,000 |
| 2012 | 758,839,000,000,000 |
| 2013 | 772,014,000,000,000 |
| 2014 | 787,410,000,000,000 |
| 2015 | 804,812,000,000,000 |
| 2016 | 825,676,000,000,000 |
| 2017 | 848,589,000,000,000 |
| 2018 | 875,578,000,000,000 |
| 2019 | 894,075,000,000,000 |
| 2020 | 849,072,000,000,000 |
Base Period: varies by country
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
