Korea - Household final consumption expenditure, PPP (current international $)

The latest value for Household final consumption expenditure, PPP (current international $) in Korea was 926,671,000,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 934,631,000,000 in 2019 and 193,877,000,000 in 1990.

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 converted to current international dollars using purchasing power parity rates based on the 2011 ICP round.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 193,877,000,000
1991 218,507,000,000
1992 239,970,000,000
1993 263,035,000,000
1994 293,239,000,000
1995 331,524,000,000
1996 364,835,000,000
1997 386,854,000,000
1998 343,444,000,000
1999 390,427,000,000
2000 430,697,000,000
2001 464,783,000,000
2002 505,053,000,000
2003 513,943,000,000
2004 528,804,000,000
2005 569,628,000,000
2006 611,441,000,000
2007 660,266,000,000
2008 687,408,000,000
2009 691,070,000,000
2010 734,338,000,000
2011 779,717,000,000
2012 806,957,000,000
2013 776,381,000,000
2014 784,575,000,000
2015 838,626,000,000
2016 863,191,000,000
2017 879,764,000,000
2018 929,838,000,000
2019 934,631,000,000
2020 926,671,000,000

Aggregation method: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity