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

The latest value for Household final consumption expenditure, PPP (constant 2011 international $) in Korea was 824,013,000,000 as of 2016. Over the past 26 years, the value for this indicator has fluctuated between 824,013,000,000 in 2016 and 288,087,000,000 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 288,087,000,000
1991 313,672,000,000
1992 335,168,000,000
1993 357,935,000,000
1994 390,054,000,000
1995 431,053,000,000
1996 463,811,000,000
1997 482,986,000,000
1998 425,538,000,000
1999 475,377,000,000
2000 518,404,000,000
2001 547,850,000,000
2002 596,503,000,000
2003 593,392,000,000
2004 594,897,000,000
2005 621,187,000,000
2006 649,679,000,000
2007 682,800,000,000
2008 692,174,000,000
2009 693,301,000,000
2010 723,665,000,000
2011 744,655,000,000
2012 758,976,000,000
2013 773,261,000,000
2014 786,770,000,000
2015 804,111,000,000
2016 824,013,000,000

Aggregation method: Gap-filled total

Base Period: 2011

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity