Korea - Final consumption expenditure (annual % growth)

The value for Final consumption expenditure (annual % growth) in Korea was -2.43 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 10.91 in 1989 and a minimum value of -9.36 in 1998.

Definition: Average annual growth of final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1961 2.09
1962 8.97
1963 4.52
1964 7.57
1965 6.85
1966 7.06
1967 8.83
1968 10.57
1969 10.68
1970 10.14
1971 9.48
1972 5.92
1973 8.22
1974 7.46
1975 5.86
1976 7.33
1977 5.75
1978 8.09
1979 8.32
1980 1.68
1981 5.62
1982 6.68
1983 8.35
1984 7.25
1985 6.69
1986 8.69
1987 8.37
1988 9.25
1989 10.91
1990 10.12
1991 8.30
1992 6.84
1993 6.46
1994 8.18
1995 9.59
1996 7.61
1997 3.92
1998 -9.36
1999 10.74
2000 7.82
2001 5.90
2002 8.55
2003 0.56
2004 1.17
2005 4.79
2006 5.46
2007 5.53
2008 2.27
2009 1.58
2010 4.66
2011 2.86
2012 2.28
2013 2.41
2014 2.51
2015 2.58
2016 3.03
2017 3.05
2018 3.71
2019 3.19
2020 -2.43

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts