Korea - Household final consumption expenditure, PPP (constant 2011 international $)

The latest value for Household final consumption expenditure, PPP (constant 2011 international $) in Korea was 880,265,000,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 926,921,000,000 in 2019 and 290,208,000,000 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 constant 2011 international dollars using purchasing power parity rates.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 290,208,000,000
1991 316,495,000,000
1992 338,557,000,000
1993 362,079,000,000
1994 395,406,000,000
1995 437,811,000,000
1996 471,713,000,000
1997 491,628,000,000
1998 433,015,000,000
1999 485,181,000,000
2000 530,402,000,000
2001 561,128,000,000
2002 611,502,000,000
2003 609,187,000,000
2004 611,620,000,000
2005 640,099,000,000
2006 671,603,000,000
2007 707,088,000,000
2008 718,566,000,000
2009 720,133,000,000
2010 751,757,000,000
2011 773,915,000,000
2012 786,717,000,000
2013 800,375,000,000
2014 816,337,000,000
2015 834,379,000,000
2016 856,009,000,000
2017 879,764,000,000
2018 907,744,000,000
2019 926,921,000,000
2020 880,265,000,000

Aggregation method: Gap-filled total

Base Period: 2011

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity